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
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
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
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
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.
CONTACT: Brian Dowling, +1-925-467-3787, for Safeway Inc.