Loblaw Companies Limited is a Canadian food and drug retail giant that operates over 2,400 stores across the country. The company is committed to sustainability and has set ambitious goals to reduce its carbon footprint and transition to renewable energy sources.
Decarbonisation is a key focus area for Loblaw, and the company has set a target to reduce its carbon footprint by 30% by 2030. To achieve this goal, the company is investing in a range of initiatives, including energy efficiency measures, renewable energy, and sustainable sourcing.
One of the ways that Loblaw is reducing its carbon footprint is through corporate energy procurement. The company has signed several corporate power purchase agreements (PPAs) to source renewable energy for its operations. In 2019, Loblaw signed a PPA for a 250 MW wind project in Alberta, which is expected to generate enough energy to power over 100 stores.
In addition to sourcing renewable energy, Loblaw is also investing in energy efficiency measures to reduce its overall energy consumption. The company has implemented a range of initiatives, including LED lighting, energy-efficient refrigeration systems, and building automation systems. These measures have helped the company to reduce its energy consumption by over 10% since 2011.
Loblaw is also committed to sustainable sourcing, and the company has set a goal to source 100% of its seafood from sustainable sources by 2025. The company is working with suppliers and industry groups to promote sustainable fishing practices and improve the traceability of its seafood supply chain.
Overall, Loblaw Companies Limited is a leader in the Canadian retail sector when it comes to sustainability and decarbonisation. The company's commitment to renewable energy, energy efficiency, and sustainable sourcing is helping to reduce its carbon footprint and create a more sustainable future.