Company increases sustainability initiatives by more than 60-percent in Q1
May 14, 2012
by Purchasingb2b staff
TORONTO: Canadian Tire has released its business sustainability strategy for the first quarter of 2012. Canadian Tire said it saw a more than 60-percent increase in sustainability initiatives completed in Q1 and over 30-percent increase in cost avoidance over the same period last year. The organization also said it finished 132 initiatives in the first quarter, which should avoid over $715,000 in costs, 390 tonnes of waste and 8,600 tonnes of GHG emissions each year.
“We’re pleased with the early results from 2012 and will continue to integrate sustainability into our plans and processes,” said Tyler Elm, vice-president, corporate strategy and business sustainability at Canadian Tire. “We’re seeing positive financial results because our efforts avoid operational costs, increase transportation efficiency and incent customers to walk into our stores to purchase energy-saving products.”
Among the company’s sustainability initiatives, Canadian Tire said its transportation team finished its road-to-rail conversion work for deliveries in Eastern Canada, using its relationship with CN. The result, said the company, is a change to the mix of Eastern Canada shipments from 75 percent road and 25 percent rail, to 20 percent road and 80 percent rail. This should avoid costs, more than 6,600 tonnes of GHG emissions and are the equivalent to taking over 1,500 cars off the road.
Some key initiatives include:
Canadian Tire’s business sustainability efforts centre around three key areas—products and packaging, the transportation of products to distribution centres and stores and buildings and operations.