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Feb. 25, 2021, 8:47 a.m. EST

Abercrombie & Fitch to transition to renewable energy beginning 2023

Abercrombie & Fitch Co. (NYS:ANF) announced its plan to shift to renewable energy at its New Albany, Oh. headquarters and its distribution centers starting in 2023. Abercrombie & Fitch has signed a 13-year agreement with Ohio-based AEP Energy to power its headquarters and two New Albany facilities, which will reduce about 16,000 metric tons of carbon annually. Abercrombie & Fitch brands include the namesake and Hollister. Shares have nearly doubled over the past year, up 96.2%, while the S&P 500 index (S&P:SPX) is up 25.5% for the period.

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