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Best Buy Cutting Energy Consumption In Stores

11/07/2011 12:01:00 AM Eastern

MINNEAPOLIS – Best Buy plans to implement
a new automated energy-management
system (AEMS) in all of its U.S.
retail stores that is expected to reduce
the company’s energy costs and carbon
outputs by 15 percent within three years.

The chain will begin implementing the
system in about 300 locations by Jan.
31, and expects to have it rolled out to
all 1,105 flagship stores by mid-2012.

Best Buy said the AEMS will have no
impact on jobs, and will save the company
about $1,500 per month per store
on power, or some $71 million over six
years. It currently spends about $10,000
a month per U.S. store on energy.

Once the savings have been proven,
the company will consider extending the
system to distribution centers, territory offices
and retail operations worldwide.

“Not only is energy management and
efficiency a top priority for Best Buy from
an environmental standpoint, but it is the
smart thing to do for our business,” said
executive VP and chief administrative officer
Tim Sheehan.

He added that the AEMS program will
help the company meet its overall goal
of reducing carbon across its brands
and operations by 20 percent over the
next eight years. Among other initiatives,
Best Buy has also eliminated 4,700 tons
of carbon emissions by replacing 264
full-size Geek Squad vans with smaller
utility vehicles that reduced the fleet’s
fuel consumption by about 4 percent.

Best Buy’s sustainability efforts also
extend to recycling. The company will
collect about 200 million pounds of endof-
life CE and appliances this year, at a
rate of about 387 pounds a minute, and
beginning this month will extend its free
recycling offer to nearly all products save
for the largest TV displays.