Introduces Fuel Efficient Sprinter Vans to Company's Fleet of Delivery Vehicles;
Reduces Greenhouse Gas Emissions by 9.4 Percent
DELRAY BEACH, Fla. -- Office Depot (NYSE:ODP), a leading global provider of office products and services, has received the Environmental Excellence
Office Depot achieved this reduction in emissions output through a number of initiatives rolled out in 2006. The Company ended the year with more than 400 ultra low-emission Sprinter Vans in its fleet of delivery vehicles. The truck is 40 percent more fuel efficient than larger box trucks and, on average, get an estimated 15 or more miles to the gallon. Additionally, Office Depot saved approximately 1.25 million gallons of fuel by using inter-modal transportation - combining ships, railroads and trucks - instead of strictly utilizing over-the-road transportation. A Roadnet Transportation Technology system was also introduced in 2006 and resulted in an increased number of packages carried on each route and a decrease in the distance traveled and time.
"Our partnership with SmartWay Transport demonstrates that companies do have the opportunity to implement initiatives that are both environmentally and financially beneficial," said Mark Cartwright, Vice President of Transportation for Office Depot. "Through our introduction of a wide range of environmental initiatives, including our fuel-efficient delivery fleet, Office Depot has secured a leadership role in the industry."
Office Depot is one of 34 companies and organizations from among the Partnerships' more than 600 Partners to receive this distinction. The awards were announced today at the annual conference of the Council of Supply Chain Management Professionals in Philadelphia.
"When customers choose Office Depot to deliver their office supplies they are choosing a partner that has aggressively invested in lower carbon transportation methods," said Yalmaz Siddiqui, Environmental Strategy Advisor for Office Depot.
Margo T. Oge, Director of EPA's Office of Transportation and Air Quality added: "EPA is pleased to recognize Partners with SmartWay Excellence Awards. The award winners are leading the way toward a cleaner, more efficient transportation future with strategies that reduce emissions and increase profits."
SmartWay was introduced by EPA and a select group of fifteen shipping and business leaders in 2004 as an innovative, market-based partnership to reduce fuel use, greenhouse gas emissions, and air pollutants from the freight sector. Today, more than 600 businesses and organizations have joined the Partnership, including companies of all sizes, from Fortune 500 companies to family-owned businesses, each working to improve their environmental performance. Together, based on their three-year commitments, these companies, including Office Depot are conserving more than 600 million gallons of diesel fuel per year, saving the trucking industry nearly $2 billion in annual fuel costs, and eliminating nearly seven million metric tons of carbon dioxide emissions that contribute to global warming. By 2012, the SmartWay program, with full industry participation, estimates nationwide that it will achieve annual fuel savings of 3.3 to 6.6 billion gallons of diesel fuel, eliminating 33 - 66 million metric tons of carbon dioxide emissions and up to 200,000 tons of nitrogen oxide emissions.
For more information about SmartWay visit: www.epa.gov/smartway or call 734-214-4767. For more information about the SmartWay Award recipients, visit: http://epa.gov/smartway/awards07.htm.
Office Depot has an environmental vision to increasingly "buy green," "be green" and "sell green." As part of the Company's commitment to "be green," it has developed and implemented a number of environmental initiatives, including completing one of the largest energy efficiency lighting retrofits ever by retrofitting the Company's North American retail store chain with T5 energy-efficient lights; installing new high-efficiency heating, ventilation and air conditioning units; adding light-sensors in stores; and rolling out an Energy Management System upgrade to the majority of its North American retail store locations.
Information on Office Depot's emissions reduction initiatives and other environmental programs is available in the Company's 2007 Corporate Citizenship Report www.officedepot.com/corporatecitizenship and at www.officedepot.com/environment.
About Office Depot
Office Depot provides more office products and services to more customers in more countries than any other company.
Incorporated in 1986 and headquartered in Delray Beach, Fla., Office Depot has annual sales of over $15.4 billion, and employs approximately 52,000 associates around the world. Currently, the Company sells to customers directly or through affiliates in 43 countries.
Office Depot is a leader in every distribution channel -- from retail stores and contract delivery to catalogs and e-commerce. As of June 30, 2007, Office Depot had 1,186 retail stores in North America and another 369 stores, either company-owned, licensed or franchised, in other parts of the world. Office Depot serves a wide range of customers through a dedicated sales force, telephone account managers, direct mail offerings, and multiple web sites. With $4.7 billion in online sales during the last twelve months, the Company is also one of the world's largest e-commerce retailers.
Office Depot's common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com. Press materials and background specific to Office Depot's environmental initiatives and product offerings is available at http://mediarelations.officedepot.cc/environment.