Starbucks Announces Global Greener Stores Commitment

Sep 13, 2018 3:30 PM ET
Summary: 

Building on a legacy as the world’s largest retail builder of LEED®-certified stores, Starbucks commits to designing, building and operating 10,000 “Greener Stores” globally by 2025

Starbucks teams up with experts including SCS Global Services and World Wildlife Fund (WWF) to develop new, open-sourced “Starbucks Greener Stores” framework

Championed by Starbucks partners (employees) who are accredited sustainability experts and advocates, Starbucks Greener Stores will be operated sustainably while helping the company avoid $50 million in utilities expenses over the next 10 years

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Today, Starbucks Coffee Company (NASDAQ: SBUX) announced the “Starbucks Greener Stores” framework and a commitment to design, build and operate 10,000 “Greener Stores” globally by 2025. “Starbucks Greener Stores” framework will be built upon comprehensive performance criteria that help ensure the company’s approach to designing, building, and operating its company-owned stores sets a new standard for green retail. Over the next year, Starbucks will develop an accredited program to audit all existing company-operated stores in the U.S. and Canada against the framework criteria, culminating in 10,000 “Greener Stores” globally by 2025, encompassing existing stores, new builds and renovations. “Starbucks Greener Stores” framework will also be open-sourced to benefit the broader retail industry.

“Starbucks Greener Stores” framework will be co-developed by leading experts including World Wildlife Fund (WWF) and will be audited and verified by SCS Global Services, a third-party verification organization that also oversees Starbucks Coffee and Farmer Equity (C.A.F.E.) Practices. This framework will be open-sourced to enable other retailers to engage in this initiative.

“Willingness for Starbucks to independently verify a large-scale complex deployment of a robust, impact driven and an innovative multi-attribute Greener Stores program to address climate change, demonstrates leadership, integrity and transparency, which are core values shared by SCS,” said Stanley Mathuram, Vice President at SCS Global Services.

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