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Corporate Social Responsibility
News
4.14.2005 ET
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Starbucks Takes Action to Address Climate Change
Citing Threat to Environmental Sustainability of Coffee Growing Regions, the Company Commits to Purchase Five Percent Wind Energy to Reduce Its Environmental Footprint
(CSRwire) SEATTLE - As part of its multi-faceted environmental sustainability
strategy, Starbucks Coffee Company (NASDAQ: SBUX) announced today that it
has committed to purchase enough clean, renewable wind energy, using
renewable energy certificates, to match five percent of the energy needed
to power its Company-operated stores in North America.
"Starbucks is mindful of the long-term implications that climate change
has on the environment," said Sandra Taylor, Starbucks senior vice
president of Corporate Social Responsibility. "Because the energy used at
our retail stores makes up nearly 50 percent of our total greenhouse gas
emissions, this is a natural starting point for us. By supporting
renewable energy sources we believe we are taking a step in the right
direction and encourage other businesses to do the same."
Starbucks voluntarily conducted an inventory of its greenhouse gas (GHG)
emissions in 2004 in an effort to understand and evaluate its contribution
to climate change. As a result, the Company committed to setting an
emissions reduction target in 2005. Additionally, Starbucks has joined
with other organizations to learn how to address this issue and how to
engage others in doing the same. Starbucks recently joined the Climate
Group and the World Resources Institute's Green Power Market Development
Group, and announced its financial commitment to Global Green USA in
support of their innovative efforts to bring together governments,
businesses and individuals to take action on climate change.
"Starbucks is to be congratulated for taking a leadership stance on
climate change," said Jonathan Lash, president, World Resources Institute.
"It is critical that U.S. businesses aggressively take action if the most
serious effects of climate change are to be averted. A successful climate
future is simply not possible without immediate participation."
The move to purchase renewable energy for its Company-operated stores -
generated by approximately 11 large-scale windmills - is estimated to cut
emissions by two percent. It also catapults the Company into the current
top 25 U.S. purchasers of renewable energy.
"Even subtle changes in the climate globally may significantly impact the
quality of life in coffee growing communities," continued Taylor.
"Therefore, climate change is an important part of our overall social
responsibility efforts."
Starbucks five percent commitment translates into an annual carbon dioxide
emissions reduction of 34,209,600 pounds. This reduction is comparable to
annually removing nearly 3,232 cars from the road or powering
approximately 2,500 homes.
Starbucks is committed to environmental leadership in all facets of the
Company and believes environmental stewardship is an essential component
of its business performance. Starbucks continually looks for innovations
that can help minimize the environmental footprint of its entire supply
chain - from embracing green building, energy and water conservation and
waste reduction in retail stores and facilities, to leadership in
improving coffee farming practices and environmental initiatives in local
communities. For more information about Starbucks environmental efforts,
Starbucks Corporate Social Responsibility Annual Report is available at www.starbucks.com/csrannualreport.com.
For information about the following organizations, please visit their
websites:
Climate Group www.theclimategroup.org
World Resources Institute (WRI) www.wri.org and www.thegreenpowergroup.org
Global Green USA www.globalgreen.org
About Starbucks Coffee Company
Starbucks Coffee Company is the leading retailer, roaster and brand of
specialty coffee in the world, with more than 9,000 retail locations in
North America, Latin America, Europe, the Middle East and the Pacific Rim.
The Company is committed to offering the highest quality coffee and the
Starbucks Experience while conducting its business in ways that
produce social, environmental and economic benefits for communities in
which it does business.
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