Company Ranked Ninth Greenest Large Company
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 5, 2012--
Office Depot (NYSE: ODP), a leading global provider of office
products and services, today announced that it has been recognized in
Newsweek magazine’s annual Green
Rankings as the number one greenest large retailer in America for
the third consecutive year. Across all industry sectors, Office Depot
was ranked as America’s ninth greenest large company.
“It is a tremendous honor to receive the Top Green Retailer ranking in Newsweek’s
Green Rankings once again,” said Kevin Peters, President, North America
for Office Depot. “As an organization entrenched in service, we focus on
continually meeting and exceeding the needs of our customers. For
customers whose needs include buying green office products from
suppliers committed to the environment – Office Depot has shown once
again that we’re the greener way to get their supplies.”
Office Depot received the highest mark for transparency of environmental
disclosure among retailers evaluated and was recognized for its
innovative use of electric bicycles to deliver products in certain
markets. The main reason for the company’s top ranking, however, was due
to its ongoing effort to reduce its environmental footprints including
carbon, water, waste and materials; and its best-practice environmental
management program through its strategy to “buy greener, be greener and
Implementation of this strategy is tracked in a PwC-reviewed Environmental
Dashboard, which details how Office Depot has improved
“Our environmental strategy is a business strategy,” said Yalmaz
Siddiqui, Senior Director, Environmental Strategy for Office Depot. “We
start with what our customers want and align our internal and external
environmental efforts toward meeting their needs. What’s great about the
recognition that comes from Newsweek’s rankings is that it
encourages more eco-conscious customers to choose Office Depot. And
through their greener purchasing efforts, we collectively drive
long-term environmental footprint reduction across the whole value
About Newsweek’s Green Ranking Methodology
To produce the 2012
Green Rankings, Newsweek collaborated with leading
environmental research providers, Trucost and Sustainalytics,
to assess each company’s environmental footprint, management of that
footprint, and transparency. The Green Rankings focus on the largest
publicly traded companies in America (the U.S.
500 list) and worldwide (the Global
500 list). Each list consists of the largest 500 companies by
revenue (most recent fiscal year), market capitalization, and number of
employees, as of April 30, 2012. A number of the largest U.S.–based
companies appear on both lists.
For complete information about the rankings and how they were
calculated, please visit: http://www.thedailybeast.com/newsweek/2012/10/22/newsweek-green-rankings-2012-full-methodology.html
About Office Depot’s Environmental Initiatives
In 2003 Office Depot launched The
Green Book™ catalog of environmentally preferable products and has
released a green catalog almost every year since; Office Depot’s
closest competitor created its first such catalog in 2008.
In 2004 Office Depot developed an industry-leading environmental paper
purchasing policy, helping its customers avoid sourcing from
potentially controversial forest sources.
In 2005 Office Depot expanded an extensive Ink
& Toner Recycling Program for customers.
In 2006 Office Depot released a Green Book catalog in 7 European
In 2007 Office Depot started a Green Customer Awards program, publicly
recognizing large customers for their greener purchasing practices.
In 2007 Office Depot also launched an educational seminar series
focused on greening the workplace. This has since rolled out to over
20 cities in the US, and has been attended by over 2,000 purchasing,
facilities and administrative executives across the country.
In 2008 Office Depot created a website for greener purchasing: www.officedepot.com/greeneroffice.
In 2009 Office Depot created the Green Business Review, a report which
shows customers green spend and the environmental and financial
trade-offs of greener purchases.
In 2010 Office Depot helped customers achieve LEED Credits by creating
a report to track “sustainable purchasing” in the format required by
the US Green Building Council.
In 2011 Office Depot launched its GreenerOffice Delivery Service that
gives customers a greener way to get their office supplies in paper
bags instead of cardboard boxes.
In 2011 Office Depot expanded its “Green Fleet” of environmental
delivery vehicles to Portland, Ore.
In 2011, the Company hosted the first annual Office Depot Greener
Purchasing Summit & Awards Ceremony, recognizing 25 organizations for
Leadership in Greener Purchasing.
For more information about Office Depot’s environmental initiatives,
About Office Depot
Office Depot provides office supplies and services through 1,680
stores, a dedicated sales force, top-rated catalogs, and global
e-commerce operations. Office Depot has annual sales of approximately
$11.5 billion, employs about 39,000 associates, and serves customers in
60 countries around the world.
Office Depot’s common stock is listed on the New York Stock Exchange
under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com
Source: Office Depot
Stephanie Sampiere, 561-438-2563