TORONTO, March 15, 2012 — Canadian retailers who adopt sustainable business practices are differentiating themselves in an increasingly competitive marketplace and also significantly reducing their costs, according to a new report released today by RBC and Retail Council of Canada (RCC).
"Retailers profiled in this report demonstrate that sustainable leadership doesn't need to be a huge endeavour and that, by taking the first step, they can create real change," said Andrea Bolger, head, Business Financial Services, RBC. "Making a commitment to sustainable business strategies has very tangible bottom line rewards and can help mitigate environmental risks."
The report, entitled Re-envisioning Retail, highlights the risks and opportunities associated with environmental sustainability. Retailers who have implemented sustainable business practices and have benefited from greater efficiency and productivity, improved employee retention and enhanced brand reputation are profiled in the report.
"Successful retailers re-envision themselves constantly; they must change as quickly as the world does," said Diane J. Brisebois, president and CEO of RCC. "Sustainability is now a necessity. This report illustrates the different ways retailers are evolving to do what is required and provides leadership to those who are looking for ways to improve their efforts."
"We want retailers to move beyond a 'compliance' mind-set to viewing environmental sustainability as an integral part of their business strategy," added Bolger. "By greening their operations they have the opportunity to realize incredible business value."
Retail industry leaders' sustainability initiatives profiled in Re-envisioning Retail include:
RBC and the environment
RBC has long been committed to environmental sustainability, and will maintain that commitment through the activities detailed in its Environmental Blueprint. The RBC Environmental Blueprint formalizes RBC's longstanding commitment to environmental sustainability, outlining our policy, priorities and objectives, which include reducing the intensity of our environmental footprint, promoting responsible lending, and offering environmentally responsible products and services. In 2011, RBC was named one of the Global 100 Most Sustainable Corporations in the World, one of Canada's Greenest Employers, one of Canada's Top 50 Socially Responsible Corporations, and one of Canada's Best 50 Corporate Citizens. RBC is also listed on the Dow Jones Sustainability World and North American Indices, the Jantzi Social Index, the FTSE4Good Index and the Canadian Carbon Disclosure Leadership Index.
About the Retail Council of Canada (RCC)
Retail Council of Canada, founded in 1963, is a not-for-profit, industry-funded association representing more than 45,000 store fronts of all retail formats across Canada, including department, specialty, discount, and independent stores, and online merchants. RCC's mission is to be the Voice of Retail in Canada. We speak for an industry that touches the daily lives of Canadians in every corner of the country - by providing jobs, career opportunities, and by investing in the communities we serve. RCC members are actively involved in improving environmental sustainability in every region of the country. Continuing to provide products and services that consumers want in a sustainable way is a top priority for RCC and our members.
For further information, please contact:
Margie McNeil, RBC, 905-606-1425, firstname.lastname@example.org
Angela Gordon, RBC, 905-816-5650, email@example.com
Sally Ritchie, RCC, 416-574-2552, firstname.lastname@example.org