HD Home Depot Inc

By Colin Kellaher

Home Depot Inc. Thursday unveiled new renewable-energy and sustainability initiatives, as the home-improvement giant works to reduce its environmental footprint.

The Atlanta retailer said it plans to produce and procure energy from 335 megawatts of renewable and alternative energy projects by 2025, equivalent to the amount of energy it takes to power more than 90,000 homes.

As part of the initiative, Home Depot said it will nearly double the number of stores with on-site solar panels and continue to leverage on-site fuel cells and off-site wind and solar energy.

In an update to a prior pledge to cut carbon-dioxide emissions by 50% by 2035, Home Depot said it reduced its greenhouse-gas emissions by 10% last year, mainly through energy reductions and supply-chain efficiencies. The company said it cut its electricity consumption in U.S. stores by 383 million kilowatt hours, tripling its 2018 reduction despite adding three new locations.

Home Depot Thursday also announced a new pledge to eliminate expanded polystyrene foam and polyvinyl chloride film from its private-brand packaging by 2023.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 23, 2020 09:00 ET (13:00 GMT)

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