HVAC Breaking News / News

April 5, 2012: Sustainable Initiatives Help Canada's Retailers Save Money, Says Report

April 5, 2012
/ Print / Reprints /
/ Text Size+
TORONTO — Canadian retailers who adopt sustainable business practices are differentiating themselves in an increasingly competitive marketplace and also significantly reducing their costs, according to a new report released by Royal Bank of Canada (RBC) and the Retail Council of Canada (RCC).

“Retailers profiled in this report demonstrate that sustainable leadership doesn’t need to be a huge endeavour and that, by taking the first step, they can create real change,” said Andrea Bolger, head, Business Financial Services, RBC. “Making a commitment to sustainable business strategies has very tangible bottom line rewards and can help mitigate environmental risks.”

The report, entitled Re-envisioning Retail, highlights the risks and opportunities associated with sustainability. Retailers who have implemented sustainable business practices and have benefited from greater efficiency and productivity, improved employee retention, and enhanced brand reputation are profiled in the report.

“Successful retailers re-envision themselves constantly; they must change as quickly as the world does,” said Diane J. Brisebois, president and CEO of RCC. “Sustainability is now a necessity. This report illustrates the different ways retailers are evolving to do what is required and provides leadership to those who are looking for ways to improve their efforts.”

“We want retailers to move beyond a ‘compliance’ mind-set to viewing environmental sustainability as an integral part of their business strategy,” said Bolger. “By greening their operations they have the opportunity to realize incredible business value.”

One retail industry sustainability initiative profiled is that of Walmart Canada, which commissioned an assessment of its HVAC and energy systems at over 200 stores, resulting in changes that created a 20 percent increase in energy efficiency and will provide a payback on investment of less than three years.

Copies of the Re-envisioning Retail report are available on the Retail Council of Canada’s website at www.retailcouncil.org.

Publication date: 04/02/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con