Canadian Tire honored for sustainability practices
Toronto -- Canadian Tire Corp. has been honored with the Globe Award for Best Green Retailing Practices. The award is presented to the company that has demonstrated excellence in executing end-to-end sustainable practices and has made measurable environmental performance improvements to its retail operations.
“Canadian Tire continues to raise the bar with its work in business sustainability and we are very pleased to have been honored by The Globe Foundation,” said Tyler Elm, VP corporate strategy and business sustainability. “We are successfully integrating sustainability into our business strategy and operations and we are highly optimistic about future opportunities to build on our results.”
The Globe Awards are judged by a panel of experts in the Canadian business community to recognize leading Canadian companies whose corporate sustainability practices yield bottom-line results.
Canadian Tire's strategy aims to embed sustainable practices in every aspect of its business operations, including: management of its products and packaging from procurement through post-consumer use, transport from suppliers to distribution centers and stores, and the maintenance and enhancement of the buildings portfolio and other operations.
Last week, Canadian Tire released its fourth quarter and year-end business sustainability results, which included 438 initiatives completed in 2011. Combined, these initiatives are forecasted to avoid more than $5.6 million in costs, 2,451 tons of waste and more than 6,900 tons of greenhouse gas (GHG) emissions annually.