GlobalData offers a comprehensive analysis of PetSmart, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on PetSmart‘s ESG performance. GlobalData’s company profile on PetSmart offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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PetSmart, a leading pet retailer, is committed to reducing its carbon emissions and upholding sustainability in its operations. The company consistently assesses options for minimizing its carbon footprint and strategically invests in resource efficiency for both environmental impact reduction and cost-effectiveness. The primary contributor to its greenhouse gas (GHG) emissions is the electricity consumption in its stores. In 2022, the company reported emissions of 63,569 MTCO2e for Scope 1 and 221,588 MTCO2e for Scope 2. Notably, store electricity usage accounted for 77.4% of the total emissions, amounting to 550,000 mWh.
The company has already taken several actions to reduce its emissions and promote sustainability. For example, PetSmart's Arcadia Trail® brand launched a line of eco-conscious apparel made from 100% recycled polyester fiber. The brand also features certified carbon-neutral kibble, MSC certified wet food and fish oil, cleaners free from harsh chemicals, and toys made with hemp and post-consumer recycled materials. Additionally, PetSmart has implemented sustainable building practices, with four of its stores meeting LEED certification standards and its distribution center achieving LEED Silver certification.
PetSmart is also actively working on waste diversion and recycling initiatives. The company has diverted significant amounts of e-waste from landfills since 2008 and has implemented programs for recycling corrugated cardboard and plastic stretch wrap in its distribution centers. In its stores, PetSmart has achieved a waste diversion rate of around 58%, and in its distribution centers, it has achieved a rate of 60%.
To further reduce its environmental impact, PetSmart plans to improve energy usage monitoring across all emissions scopes using Schneider Electric technology. This data will help inform the company's reduction goals for the near and long term. PetSmart is also exploring options for renewable energy, such as solar facilities.
In conclusion, PetSmart is committed to reducing carbon emissions in its operations. The company has already taken significant steps, including sustainable product offerings, LEED-certified buildings, waste diversion programs, and energy usage monitoring. By implementing these initiatives and investing in renewable energy, PetSmart is working towards a more sustainable future for the pet retail industry.
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