Lord & Taylor signed a 2-year power purchase agreement (PPA) with Green Mountain Energy to purchase more than 13 million kilowatt-hours (kWh) of 100% wind power for its flagship Manhattan, and Eastchester (NY) stores. The green power purchase, which begins in November, will supply 100% of the electricity usage for the two stores. It is estimated that the renewable energy purchases will reduce the company's annual CO2 emissions by 20 million pounds, the equivalent of 3.6 million cab rides. Lord and Taylor stores will be purchasing renewable energy certificates (RECs) from wind farms through Green Mountain Energy.
Lord & Taylor recently joined EPA's Green Power Partnership, which is a voluntary program to utilize green power to reduce the environmental impacts associated with electricity use.
News Release -
Flagship Lord & Taylor to be 100% Wind-Powered