Asda sustainability strategy set to deliver £800 million in savings by 2020
Asda has announced that it is on track to deliver customer savings adding up to £800 million by 2020, thanks to its commitment to sustainability initiatives. The retailer saved over £70 million in 2010 alone through reducing waste and energy usage in its operations, and delivered four years ahead of schedule on its promise to reduce absolute carbon emissions throughout its operations by 10 per cent.
Asda, which operates over 500 stores across the UK, has been working towards stretching sustainability targets since 2005, when global parent Walmart announced its commitments to reductions in energy use and waste.
Figures show that Asda has reduced its carbon emissions by 11.9 per cent – exceeding its target to achieve a 10 per cent reduction by 2015. Asda has recently been recertified under the Carbon Trust Standard – further evidence of its commitment to reducing its environmental impact.
Asda has eliminated 149,000 tonnes of carbon from operations since 2007 – the equivalent of taking 60,000 cars off the road for a year, reducing energy use in stores by an amount equivalent to that used by over 55,000 homes every year.