Walgreens (NYSE:WAG) latest investment will help in reducing its carbon footprint

Boston, MA 03/17/2013 (wallstreetpr) – Walgreens (NYSE:WAG) the largest chain of retail drugstores in the U.S. spanned across 50 districts through 8,071 retail stores is headquartered in Deerfield – Ill. Walgreens ventured into building America’s first Net Zero Energy retail store. These green buildings are in rage as they produce more or at least as much energy as these buildings consume in a given time period. The strategic location of the store (at the intersection of Chicago Avenue and Keeney Street) would give easy access to the engineers’ of Walgreens to scrutinize the store for next one year & evaluate if the store reaches its goal of net zero energy use.

Walgreens advocates that its latest investment is a colossal step towards reducing its carbon footprint & since the retail giant operates over 8,000 stores, this move is expected to impact the nation’s environment considerably.

This revolutionary store, located in Evanston is not only expected to shrink Walgreens’ electricity consumption by 40.0% rather it is also expected to generate electricity. As per engineers’ estimates, the store would generate 256,000 kilowatt hours of electricity per year while consuming 200, 000 kilowatt hours during the same time-period. These targets would be achieved through the usage of geothermal wells, 800 roof-top solar panels, LED lighting, 2 wind turbines and energy-efficient building materials.

Walgreens’ is also taking initiatives to place the store in the LEED Platinum category & would get it admitted into the International Living Future Institute’s Living Building Challenge. However, this would not be the first for Walgreens as two of its stores already hold the prestigious LEED certification. This is one of the many PURE Walgreens initiatives which focuses on the health & wellness of its customers & the planet at large.

These initiatives if successful would strengthen Walgreens’ reputation as a responsible corporate entity giving its brand a positive boost. These corporate social responsibility measures would also put the brand on the world map as one of the emerging leaders taking gigantic measures on issues of global warming and carbon containment.

Shares of Walgreen Company (NYSE:WAG) were down by 0.33% to close at $42.58

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.

Published by Ruchi Gupta

Swati Goyal has over 6 years of experience in financial research & analysis domain. She has built financial models varying from consumer goods to banks. She has her articles published in leading dailies of the nation

Recent Stories

SignUp Now For Our Featured Newsletter