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This excerpt taken from the BBBY DEF 14A filed May 24, 2006. Display &
Design Ideas recently noted that, “[M]any retailers and
designers…say the seeds are in place for this trend to become entrenched in
retail design.” According to Nick Axford, head of research and consulting at CB
Richard Ellis, “Those who dismiss this as a passing fad or public relations ‘greenwash’
do so at their peril.”
Several large retailers appear to have recognized this already. Target’s most recent corporate responsibility report, states that, “Target puts tremendous focus on best practices for energy efficient building design and operations.” Staples also emphasizes energy efficient design. According to the company’s director of energy and environmental design, “Energy is [its] competitive advantage.” As concerns about rising energy prices, climate change and energy security continue to increase, we believe the focus on energy efficiency will only intensify. For large retail chains this focus will extend not only to stores but also to the supporting distribution and transportation networks. It is vital that our company be well positioned to compete going forward. Taking action to improve energy efficiency can result in financial and competitive advantages. Ignoring this quickly growing trend could position our company as an industry laggard and expose it to competitive, reputational and regulatory risk. Resolved: Shareholders request that the Company assess its response to rising regulatory, competitive, and public pressure to increase energy efficiency and report to shareholders (at reasonable cost and omitting proprietary information) by December 31, 2006. |
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