ATLANTA, Jan. 23, 2020 /PRNewswire/ -- The Home
Depot® has been recognized as a global leader on
corporate climate action for its efforts to reduce its
environmental impact and build a more sustainable future for
consumers and their homes. CDP, an environmental impact non-profit,
named The Home Depot to its Climate Change "A List" for its actions
to cut carbon emissions and mitigate climate risks.
Every year, thousands of companies disclose data about their
environmental impacts to CDP for independent assessment and receive
scores ranging from A to D- for how effectively they are tackling
climate risks and building toward a future zero-carbon economy.
The Home Depot is focused on reducing carbon emissions by
continually improving energy efficiency in its operations and
expanding investments in renewable and alternative energy. As a
result, the company has reduced absolute carbon emissions by over 3
million metric tonnes since 2009. This was achieved amid
significant growth – from $66 billion
in sales in 2008 to $108 billion in
2018. The company also set science-based targets in 2018 to achieve
a 40 percent reduction in its carbon emissions by 2030 and a 50
percent reduction by 2035.
"We're honored to be recognized by the CDP for our efforts to
reduce our environmental impact," said Ron
Jarvis, vice president of environmental. "Our results come
from making improvements kilowatt by kilowatt. We've retrofitted
LED lighting in more than 1,300 stores, installed energy-efficient
heating, air-conditioning and ventilation systems in 133 stores,
and have updated HVAC units in 467 stores. As a result of these and
other initiatives, from 2010 to 2018, energy consumption at our
U.S. stores decreased 26 percent, ahead of our stated goal for a 20
percent reduction by 2020. We constantly strive to improve the
sustainability of our operations, because it's good for our
business and good for the planet."
Even as its business grows, The Home Depot has taken steps to
lessen the environmental impact of each mile its goods travel with
the company's multiyear supply chain synchronization initiative.
This approach incorporates and builds on clean transportation best
practices throughout its supply chain. In 2018, the company shrank
its supply chain emissions intensity by six percent, reducing the
carbon dioxide produced for each unit consumed. The company
also eliminated over 117,000 truckloads in the U.S. in 2018 through
supply chain efficiencies, and leverages green technologies like
hydrogen fuel cells, which produce off-the-grid power, within its
supply chain operations.
The company also believes the biggest environmental impact it
can make is through the products it sells to customers. The Home
Depot is tracking ahead of stated goals to help customers cut
greenhouse gas emissions by 20 million metric tonnes through
2020. The company offers over 22,000 ENERGY STAR®
products in stores and online, and sold more than 231 million units
of these products. This furthers The Home Depot's goal to help
customers save $2.8 billion in energy
costs.
To learn more about how The Home Depot is reducing its
environmental impact, view the 2019 Home Depot Responsibility
Report. The report is available as an overview infographic, digital
book and PDF on The Home Depot's corporate newsroom Built from
Scratch.
About The Home Depot
The Home Depot is the world's
largest home improvement specialty retailer,
with 2,291 retail stores in all 50 states,
the District of Columbia, Puerto Rico, U.S. Virgin
Islands, Guam, 10 Canadian provinces and Mexico. In
fiscal 2018, The Home Depot had sales of $108.2
billion and earnings of $11.1 billion. The Company
employs more than 400,000 associates. The Home Depot's stock is
traded on the New York Stock Exchange (NYSE: HD) and is included in
the Dow Jones industrial average and Standard & Poor's 500
index.
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SOURCE The Home Depot