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sustainability

Sustainable initiatives will result in doing well by doing good

Sustainability is generally defined as the avoidance of the depletion of natural resources to maintain an ecological balance. The three principles forming its foundation are profit, people and the planet. In today’s market, a superior product is no longer enough to win a consumer’s favor. Shoppers are seeking much more than just features and benefits,

Sustainability is trending, Circana says

Sustainability is trending, Circana says

CHICAGO – Circana today reports that spending on sustainability is increasing across several general merchandise retailers and packaged goods categories as consumers demonstrate a willingness to pay for sustainable products. “Products that impact our energy use, reduce waste, and use recycled materials or natural ingredients are all getting attention from consumers and presenting pockets of

CVS Health buying renewable energy

CVS Health buying renewable energy

WOONSOCKET, R.I. — CVS Health recently announced a 15-year agreement to purchase enough solar power to run the equivalent of 309 CVS Health store locations in Illinois and Ohio. The agreement with the clean power company Constellation calls for CVS Health to receive renewable energy and renewable energy certificates equal to a 42-megawatt share of

Meijer signs on to renewable solar project

Meijer signs on to renewable solar project

GRAND RAPIDS, Mich. — Meijer is signing on as a customer for a utility-scale solar project that will help the retailer make significant strides toward its recently announced carbon reduction goal. The retailer said Thursday that it has signed a renewable energy power purchase agreement (VPPA) with developer Duke Energy Sustainable Solutions, which says Meijer

Retailers put spotlight on sustainability

Retailers put spotlight on sustainability

Consumers care more about sustainability than retailers think they do, a new report suggests. But that doesn’t mean that retailers are ignoring the issue. First Insight conducted a study, in partnership with the Baker Retailing Center at the Wharton School of the University of Pennsylvania, that polled both consumers and retail executives. It found that

Bayer Consumer Health to invest in sustainability

Bayer Consumer Health to invest in sustainability

BASEL, Switzerland — Bayer will invest €100 million to further enable sustainable innovation, production and consumption of  their consumer health products, which include global brands such as Aspirin, Bepanthen, Claritin and Elevit, the company said Wednesday. This investment, which equates to two percent of the division’s sales, will help enable Bayer to drive the sustainable

Walmart sets $2 billion green bond offering

Walmart sets $2 billion green bond offering

BENTONVILLE, Ark. — Walmart entered the green bond market Wednesday with a record-setting $2 billion offering. The giant retailer said that net proceeds from the green bond offering will be used to fund projects designed to help Walmart achieve its sustainability goals. “It certainly seems like they’re serious about taking a sustainability leadership role within

Rite Aid issues corporate sustainability report

Rite Aid issues corporate sustainability report

CAMP HILL, Pa. — Rite Aid has published its third annual corporate sustainability report, detailing the company’s enhanced Environmental, Social and Governance (ESG) strategy. The report introduces four key pillars underpinning Rite Aid’s sustainability efforts: building a thriving planet, thriving business, thriving workplace and thriving community. “As a health care organization that aspires to support

Food Lion adds sustainability commitments

Food Lion adds sustainability commitments

SALISBURY, N.C. — Food Lion on Monday announced new sustainability commitments, promising to reduce energy use and greenhouse gas emissions, and to make it easier is for customers to know how and where their food is sourced. “In 2015, we set big goals for ourselves to achieve significant sustainability targets in several critical areas, and