24 June 2009

Survey: 41% of retailers say sustainability is "key"

Prenova and Chain Store Age magazine have teamed up to produce a free report on sustainability and energy issues for retailers. You have to register with some basic data before you can download the PDF, but it's worth it. Here are a couple excerpts:
Without question, sustainability is a serious concern for retailers, regardless of the sales volume of the chain or the number of stores. In the survey, the largest percentage of retailers, 41.2%, said that sustainability is a “key component” of their strategy, and 38.6% said that sustainability is “important but not one of our top priorities.” Only 3% said “sustainability isn’t something we worry about.”

Why are the smaller-sized retailers slower to formalize their strategies? Is it simply that larger retailers have more resources to dedicate to the initiatives? Of those surveyed, only 13.9% of respondents — generally the larger-sized retailers — say that their sustainability strategies fall under the responsibility of an “energy management department,” whereas the majority of smaller retailers seem to parcel out the responsibilities to disparate groups, including facilities management, construction and finance.

Full disclosure: I'm the managing editor at Chain Store Age.

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