Casey's General Stores Energy Use 2012
|Company||Casey's General Stores, Inc.|
|Filer||Calvert Asset Management Company, Inc.|
|Subject(s)||Energy Efficiency (buildings); Energy Efficiency (products)|
|Resolved Clause Summary||Energy use targets|
WHEREAS: The retail industry accounts for the largest energy bills and the second largest amount of greenhouse gas emissions in the entire commercial sector of the U.S. economy, according to the Chief of U.S Environmental Protection Agency’s ENERGY STAR Commercial and Industrial program.
Our company has more than 1600 stores, corporate headquarters buildings, and buildings associated with its distribution center. In addition, our company has a fleet of delivery trucks. All of which expose our company to significant energy costs.
Our company could reduce its exposure to volatile energy prices and save money by using energy more efficiently in its buildings and in its transportation and distribution systems. Our company has not provided information on its assessment of the affect of energy use on the business nor on steps the company is taking to reduce energy use.
According to the Retail Industry Leadership Association (RILA), “decreasing dependence on natural resources like fuel and materials, both internally and in the product supply chain, reduces exposure to price fluctuations and market volatility.”
Also according to RILA, “the business case to use natural resources more efficiently while reducing dependence on nonrenewable materials is increasingly clear. For retailers, reducing direct environmental impacts like energy and water usage, waste generation, and land use provide opportunities to streamline business operations and save costs.”
According to the Environmental Protection Agency, a 10 percent decrease in energy costs has an equivalent impact on operating income as a 1.26 percent increase in sales for the average retail store.
According to the U.S. Department of Energy (DOE), while U.S. liquid-fuel consumption has changed little since 1990, global petroleum consumption has risen by 30% over that period of time. Demand in developing countries is projected to increase global consumption by at least another 25% by 2035. That growth, together with the increasing geographical concentration of “easy” crude oil resources, will place upward pressure on future crude prices and likely increase price volatility. Even if the United States was entirely self-sufficient in oil, domestic crude prices would remain coupled to the global market and be subject to the global dynamics of supply/demand, as well as international events according to DOE.
Retail companies like Lowe’s, Target, and Wal-Mart are addressing energy use through concrete actions such as reducing in-store energy use and increasing the efficiency in their transportation systems. In addition many retail companies publicly report on their efforts to reduce energy use.
Shareholders request that Casey’s General Stores assess its current companywide energy use in its stores, buildings, and transportation systems; set targets to reduce energy use in the future; and report to shareholders (at reasonable cost and omitting proprietary information) on its findings and progress by July 1, 2013.