A shareholder resolution filed at Kroger by corporate responsibility group As You Sow, received strong support from approximately 31% of Kroger’s shareholders. The resolution highlights the need for Kroger to responsibly manage its carbon emissions by increasing its renewable energy adoption. While Kroger has made some improvements in energy efficiency, it has adopted minimal levels of renewable energy--especially compared to peer companies like Walmart, which has joined the RE100 initiative and acknowledges the competitive advantages that renewable energy provides. Adopting a comprehensive plan to move towards renewable sources of energy will help mitigate the company’s climate and reputational risks and position the company to adapt to a low carbon future.
“For a company of Kroger’s size, increasing renewable energy is an obvious pathway to reducing its carbon footprint and taking advantage of scalable, cost-effective sources like wind and solar,” stated Lila Holzman, Energy Program Manager at As You Sow. “By showing support for this resolution, shareholders are asking that Kroger address the significant risks associated with lagging behind competitors in adopting low cost, low carbon, renewable sources of energy.”
As You Sow | http://www.asyousow.org