Steelcase Demonstrates Commitment to Renewable Energy by Announcing
Investments Equivalent to 100% of Company's Global Electricity Use
The Company Promotes Further Investment by Extending Renewable Energy Purchase
Program to Suppliers
GRAND RAPIDS, Mich., March 13, 2014 (GLOBE NEWSWIRE) -- Steelcase Inc.
(NYSE:SCS), the global leader in the office furniture industry, has announced
the company's renewable energy investment is equivalent to 100% of its global
electricity consumption. This long-term commitment makes Steelcase the 15^th
largest 100% renewable energy purchaser in the United States according to the
U.S. EPA's Green Power Partnership. It reflects the company's larger energy
strategy which has, to date, resulted in a 60% reduction in energy use since
the company began tracking its consumption in 2001.
Steelcase has chosen to purchase its renewable energy credits (RECs) from a
portfolio that includes newer projects and non-emitting sources like wind and
hydroelectric energy in North America and Europe. Steelcase is the first major
company in its industry to purchase non-emitting renewable energy equivalent
to 100 percent of its global electricity consumption.
"Our commitment to renewable energy is reflective of our passion for
innovation and the environment. We're helping grow an industry that will
ultimately benefit the entire world," said Jim Keane, President and CEO of
Steelcase Inc. "But as a reflection of our company values, we maintain a sense
of urgency in limiting our use of fossil fuels. Steelcase remains focused on
identifying innovative ways to build the energy efficiency of our operations,
to reduce the embodied energy of our products, and to help our customers
optimize their own real estate and energy use."
"We congratulate Steelcase Inc. for using 100 percent renewable energy and
taking a leadership position on the environment," said Blaine Collison,
Director of EPA's Green Power Partnership. "The impressive green power
commitment of Steelcase helps reduce carbon emissions and provides an
excellent example for other organizations."
In an effort to expand positive impact, Steelcase has created a one-of-a-kind
program that will encourage the company's suppliers to purchase clean RECs
from new wind energy facilities that came online in 2011 or later. Those
partners choosing to participate will benefit from Steelcase's volume discount
"We see this program as both a business advantage and extension of the
company's long-term commitment to sustainability," said Angela Nahikian,
director of Global Environmental Sustainability for Steelcase. "As demand for
fossil fuels begins to outpace global supply, we'll know that we've played an
important role in developing a market for clean energy. It's exciting to be
able to offer this great benefit to our trusted partners."
For more information about Steelcase's sustainability efforts, please visit
About Steelcase, Inc.
For more than 100 years, Steelcase Inc. has helped create great experiences
for the world's leading organizations – wherever work happens. Steelcase and
our family of brands – including Steelcase®, Coalesse®, Designtex®, Details®,
Nurture®, PolyVision® and Turnstone® – offer a comprehensive portfolio of
furnishings, products and services designed to unlock human promise and
support social, economic and environmental sustainability. We are globally
accessible through a network of channels, including approximately 650 dealers.
Steelcase is a global, industry-leading and publicly traded company with
fiscal 2013 revenue of $2.9 billion.
CONTACT: Laura Van Slyke
Steelcase Inc. Logo
Press spacebar to pause and continue. Press esc to stop.