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Safeway Applauds California Governor and Legislature on New Law Curbing Greenhouse Gas Emissions

Announces Strategic Initiatives Aimed at Reducing Emissions

PLEASANTON, Calif., Sept. 27 /PRNewswire-FirstCall/ -- Safeway Inc. today applauded California Governor Schwarzenegger and the State Legislature for a new law to reduce carbon emissions in the state 25 percent by the year 2020. To demonstrate its leadership in protecting the environment and implementing the new law, the company announced several strategic initiatives aimed at significantly reducing its greenhouse gas emissions.

"This landmark legislation makes California the nation's leader in reducing greenhouse gas emissions and we commend these efforts to better protect the environment," said Safeway Chairman, President and Chief Executive Officer, Steve Burd. "As one of California's largest private employers, Safeway intends to be a leader in forging innovative solutions to achieve a cleaner, healthier environment."

Safeway Joins Chicago Climate Exchange to Reduce Emissions

Safeway announced today that it has joined the Chicago Climate Exchange (CCX(R)), the world's first and North America's only voluntary, legally binding greenhouse gas emissions reduction, registry and trading program. This decision positions Safeway in the vanguard of GHG emissions management and environmental policy as the first retailer in North America to join the Exchange and commit to legally binding reductions of its greenhouse gas emissions. CCX membership commits Safeway to reduce its carbon footprint from the base year 2000 by 390,000 tons of carbon dioxide (CO2).

Safeway Becomes California's Largest Corporate Purchaser of Green Wind Energy

Additionally, Safeway is announcing the purchase of an additional 174,000 Megawatt-Hours of wind energy, making it the largest corporate purchaser of green wind energy in California. Safeway has increased its commitment to renewable energy three-fold since 2005, becoming the 6th largest corporate buyer in the United States. Safeway's wind energy commitment removes an additional 110,000 tons of carbon dioxide, a leading greenhouse gas, from the air we breathe. This purchase is enough wind energy to power Safeway's entire corporate headquarters campuses in Pleasanton and Walnut Creek, all of its San Francisco stores, and its 269 U.S. fuel stations with 100% renewable wind energy for two years.

Safeway Uses New Technology & Major Recycling Program To Cut Energy Consumption

Safeway is also implementing an innovative strategy to reduce overall corporate energy consumption by implementing new cost-effective building designs, process improvements and demand side management technologies in its stores. Specific initiatives include utilizing new refrigeration system technology in new stores that is reducing electricity use for refrigeration and installing no-heat freezer case doors that reduce electric heating; Replacing exterior store neon lighting with LED lighting, helping to significantly reduce electricity usage and the installation of fluorescent lighting and other high-efficiency bulbs that significantly reduces additional electricity in its stores; and implementing a comprehensive national recycling program that is recycling nearly 500,000 tons of materials such as cardboard, plastics, compostable materials and other food waste each year. This is the equivalent of filling six football fields stacked 35 feet high.

"With a combined strategic approach of renewable power and energy efficiency Safeway is a leader in California and the nation in protecting the environment," said Joe Pettus, Safeway Senior Vice President, Fuel & Energy Operations. "These innovative solutions are part of our comprehensive environmental strategy that benefits our customers and the communities we serve."

Safeway has been recognized by the U.S. Environmental Protection Agency Green Power Partnership and the State of California for these innovative environmental programs which are making a significant contribution to reductions in overall carbon emissions and corporate energy consumption. By reducing its greenhouse gas emissions, Safeway is aggressively working to reduce the company's carbon footprint, address climate change and reduce air pollution.

About Safeway Inc.

Safeway Inc. (NYSE: SWY) is a Fortune 50 company and one of the largest food and drug retailers in North America based on sales. The Company operates 1,770 stores in the United States and Canada and had annual sales of $38.4 billion in 2005. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.

About Chicago Climate Exchange, Inc.

CCX is the world's first and North America's only voluntary, legally binding rules-based greenhouse gas emissions allowance trading system. CCX members reflect a cross-section of major public and private sector North American entities, including Ford Motor, International Paper, IBM, American Electric Power, Manitoba Hydro, Amtrak, the City of Chicago and Oklahoma University, as well as non-industrial environmental innovators such as World Resources Institute, Pax World and the Rocky Mountain Institute, and cities such as Chicago, Oakland, Boulder, Portland and the State of New Mexico. Reductions achieved through the CCX market are significant in scale and impact. CCX Members gain practical experience by building an efficient emissions management and monitoring system, while also acquiring cutting edge measurement and trading skills that will be needed in short and long term as the world comes to terms with the climate change challenge. The Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine for his work in founding CCX.

SOURCE Safeway Inc.
09/27/2006
CONTACT: Brian Dowling, +1-925-467-3787, for Safeway Inc.

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SWY (Common Stock)
ExchangeNYSE (US Dollar)
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Change (%) Stock is Up 0.08 (0.23%)
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