Loblaw Companies Limited (TSX: L) today announced a commitment and strategy to reduce its carbon footprint 20 per cent by 2020 and 30 per cent by 2030. The company, which ranks among Canada’s top energy users by virtue of its extensive retail network and trucking fleet, has an action plan focused on energy-efficient stores and distribution centres, fuel-efficient transportation, and managing refrigerants and organic waste diversion.
«At Loblaw, we recognize the growing environmental, social and business impact of greenhouse gas emissions,» said Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited. «As one of Canada’slargest energy users, we are committed to being part of the solution. We will deliver carbon-reduction in line with our nation’s targets and demonstrate, along with other forward-looking Canadian companies, that these goals can be achieved without sacrificing economic growth.»
Loblaw’s greenhouse gas reduction targets are relative to a 2011 baseline established for corporate-owned facilities, which include distribution centres, offices, and retail stores. The company continues to work toward capturing emissions data in franchised operations, third-party fleet, and products that fall outside of these targets and will develop action plans to achieve further reductions.
Since 2011, Loblaw has initiated a growing number of carbon-reduction measures including centralized energy management, lighting conversions, systems and methods to control refrigerant leaks, equipment upgrades, improvements to truck aerodynamics and fuel use, and more.
Key strategies to achieve the full 30 per cent reduction announced today, include installing new refrigeration systems that use carbon dioxide as a refrigerant, calibrating and optimizing energy management systems, and reducing waste to landfill.
By 2030, Loblaw will have reduced emissions associated with: electricity consumption by 35 per cent, transportation by 25 per cent, and refrigerants by 50 per cent, and will improve waste diversion to 80 per cent in stores and 95 per cent in distribution centres.
«We understand and embrace the importance of carbon reduction to our customers and our colleagues,» saidBob Chant, Senior Vice President, Corporate Affairs, Loblaw Companies Limited. «We are proud that our strategy is informed by science, economics and the valuable input of our customers and various NGO partners.»
«Everyone has a role to play to combat climate change, and it cannot be reversed without definitive action by businesses,» said David Miller, President and CEO, WWF-Canada. «This commitment reinforces Loblaw’s leadership, demonstrating an understanding that carbon reduction is within their control.»
«It is exciting to see Canadian businesses moving from a discussion about reducing greenhouse gases to meaningful action,» Bruce Lourie, President, Ivey Foundation. «Loblaw’s commitment to company-wide carbon targets demonstrates their ongoing leadership in corporate responsibility and sustainability.»
The company is committed to reporting progress towards these carbon reduction targets and will do so in greater detail in its annual CSR report, the next to be released in Spring 2017.
Source: The Province