Energy Reduction

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.

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