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.”