Foot Locker Reveals Its Progress in Hitting Net Zero Greenhouse Gas Emissions by 2050

Less than a week after announcing a major leadership change, Foot Locker Inc. released its 2021 Fiscal Year Impact Report, which offers a look into its environmental, social and governance (ESG) efforts. Included in the report is its climate change pledge. This pledge includes a goal to hit net zero greenhouse gas emissions by 2050 or sooner, which the retailer said is in line with climate scientist recommendations “to avoid the worst impacts of climate change.” In the 76-page report, Foot Locker Inc. revealed its progress on several sustainability-driven efforts. In terms of energy efficiency, the company said it completed LED lighting replacements across 100 stores in fiscal 2021, which the company said will result in estimated energy reductions of 748,467 kWh/year. Also, its proactive HVAC retrofitting efforts in the U.S. saved approximately 641,351 kWh. Looking ahead, the report stated its stores in France will be required in fiscal 2022 to implement a series of national energy reduction targets (40% by 2030, 50% by 2040 and 60% by 2050) and that the company plans to handle LED lighting retrofits and the installation of smart meters to monitor and reduce consumption. Also during fiscal 2021, in an effort to engage consumers in its net

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