Lowe’s Commits to Greenhouse Gas Emission Targets – Trillium Withdraws Shareholder Proposal
May 27, 2014 // BOSTON, MA: Trillium Asset Management is pleased to announce that we have successfully withdrawn our shareholder proposal at Lowe’s (NYSE: LOW) following commitments from the company to set quantitative targets for the reduction of greenhouse gas emissions.
Lowe’s has committed to setting a scope 2 reduction goal (emissions from purchased electricity), which targets the largest portion of the company’s emissions. The company has set an intensity goal to reduce green house gas emissions 20% by 2020. The target will be included in the company’s Social Responsibility report as well as in the company’s 2015 form 10-k.
In addition to green house gas emission reduction targets, Lowe’s has also set goals to increase energy efficiency and reduce waste. These goals will apply to the 1,830 Lowe’s stores and distribution centers across the US, Canada, and Mexico.
“By establishing these goals Lowe’s is taking a significant step towards reducing the company’s greenhouse gas emissions,” said Brianna Murphy, vice president at Trillium. “We commend Lowe’s for engaging in a productive dialogue and for providing more transparency as they move towards greater energy efficiency.”
You can find more information about Lowe’s green house gas emission targets at: http://responsibility.lowes.com/environment/2020-goals.
For more information: Randy Rice, Trillium Asset Management, (617) 515-68989, firstname.lastname@example.org