Saving energy saves money – it’s good business practice
In 2009 we spent approximately $15 million on initiatives directly aimed at reducing GHG emissions. Our energy reduction initiatives are focused on lowering electricity demand and reducing fossil fuel use in our business operations and vehicles. Electricity use is our second largest manageable operating expense.
Our energy reduction plan includes short-, medium- and long-term measures for reducing electricity and heating/cooling demand. We have just begun our energy efficiency program and already we have saved more than $2.8 million in operating costs within one year.
In 2009, we began large-scale implementation of energy-efficiency projects that can have a positive payback in less than one year.
|Initiative||Canada||U.S.||Status/ Next Steps|
|Temperature control (water heaters, programmable thermostats).||Lowered temperature.|
|Lighting retrofits or conversion in branches.||Quantification of 672 Canadian branches.|
|Weather stripping entry doors.|
|Control systems for lighting, fans.||250 stores have been completed.|
|Programmable thermostat installation/reprogramming.||To be completed by December 31, 2009.|
|Timer/photocell control of exterior signage.||250 stores have been completed.|
|Integrated recycling programs.||Nine corporate offices in New Jersey are participating in a pilot program.|
|Cleaning during daylight hours.||Expanded to two buildings in Toronto, Ontario.|
|Optimized our lighting schedules and replaced incandescent lighting.|
|Programmable thermostats for electric baseboard heaters.||445 stores have been completed.|
|Enhanced ventilation of rooftop air-handling units.||Currently under review.|
|LED lighting retrofit for lighting of TD logo (change incandescent lights to LEDs) in branches.|
|Network PC management software (PC power-down software).|
|Retro commissioning of controls system for corporate sites.||Completed in our Creekside building in Mississauga, Ontario.|
|Reduce air conditioning demand by installing thermal ice storage systems.||A pilot project in London, Ontario, to reduce air conditioning demand.|
|Initiate development of a green information technology strategy.||We will include our green IT strategy in the 2010 Corporate Responsibility Report.|
|Initiate our green building design and operation program.||Currently in pilot stage.|