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Survey Shows National Retailers are Increasingly Concerned about Energy Efficiency

Prenova, Inc., the energy services firm managing over $2 billion in energy spend for dozens of national retailers, announces the results of the second-annual Energy Management & Sustainability Strategy survey. Findings indicate national retailers are increasingly concerned about energy efficiency and are refocusing efforts to promote cost-saving, sustainable business practices. Conducted in partnership with Chain Store Age, survey results are based on responses from nearly 200 retailers. 63% of retailers reported that they have a formalized energy management/sustainability program, with 45% indicating that sustainability is a "key component" of their overall business strategy. Only 5% of retailers admitted their organization doesn't worry about energy management/sustainability, yet twice as many lack specific programs to address these issues. 60% of retailers stated that saving money is their primary reason for pursuing sustainable business practices; while approximately 8% were more concerned about enhancing their corporate image Common sustainability projects include installing energy efficient lighting (80%), conducting onsite energy audits (50%), and implementing energy management systems (45%). While sustainability is clearly important to retailers, so far, only 21% are using renewable sources to meet a portion of their energy needs.