Sobeys Quebec, National Bank of Canada team to help environment

11/15/2011

Sobeys and the National Bank of Canada have establishment of a partnership allowing each participant to contribute as it sees fit to the reduction of greenhouse gas (GHG) emissions.

Sobeys will sell carbon credits produced as a result of store improvements to the National Bank, allowing it to neutralize its GHG emissions.

It’s the first of this type of agreement between two private companies in Quebec and involves the equivalent of 15,000 tonnes of CO2 per year, comparable to taking 3,000 vehicles off the road each year.

Sobeys Québec president Marc Poulin said: "This agreement was made possible by specific GHG reductions that Sobeys has already made at 44 of its Quebec IGA stores, where we have replaced refrigeration gases that are detrimental to the environment. The NBC partnership will facilitate new investments to reduce GHG emissions in most parts of Quebec where our two companies operate, motivating us to continue the efforts we have undertaken voluntarily since the mid-2000s."

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