ALEXANDRIA, Va.—This week at the NACS Convenience Summit Asia, leading global convenience retailers, business and industry experts named Seven & i Holdings Co. Ltd. the winner of the 2021 NACS Asian Convenience Retail Sustainability Award. The Coca-Cola Company, the world’s largest total beverage company, sponsored the award.
The award recognizes Seven & i for its “Green Challenge 2050” initiative. Launched in May 2019, the environmental declaration establishes goals for 2030 and 2050 related to CO2 emissions reduction, plastics countermeasures, food loss and waste/organic waste recycling countermeasures and sustainable procurement.
“We believe that reducing waste of energy, resources and raw materials to achieve our goals will lead to cost reductions,” notes the Seven & i website.
Seven & i operates around 22,500 retail stores throughout Japan and interacts with about 25 million customers each day. To help reduce the company’s negative impact on the environment, Seven & i is working with various stakeholders in the value chain to reduce CO2 emissions caused by energy consumption, reduce waste and promote recycling.
To address CO2 emissions, the company’s goal for 2030 is to reduce emissions from store operations by 30% and reduce emissions across its entire supply chain. By 2050, Seven & i set a goal to reduce emissions from store operations to net-zero.
For plastics use, Seven & i is promoting the reduction of the environmental impact associated with containers and packaging by pledging to make 50% of the containers and packaging used in original products (including Seven Premium) consist of environmentally conscious materials by 2030, and 100% by 2050.
For food waste, the “Green Challenge 2050” aims to raise the company’s organic waste recycling rate to 70% by 2030 and 100% by 2050, and the amount of food loss and waste will be reduced by 50% by 2030 and 75% by 2050.
“We’re excited to recognize the leadership of Seven & i as it pursues significant and compelling sustainability strategies that drive long-term growth and set a high bar for how convenience retailers can improve their operational performance, competitiveness, customer perception and staff engagement,” said NACS President and CEO Henry Armour.
In addition, 7-Eleven Australia received honorable mention for its “cup rescue” initiative, where approximately 20 million cups have been diverted from landfills. Working with Simply Cups, the retailer is leading the cup recycling revolution in Australia so that takeaway cups can be collected, processed and recycled. After use, customers can deposit their cup, lid or straw into a cup recycling unit and the stores will arrange to have them recycled.
The NACS Convenience Summit Asia is taking place this week from August 17-19 in a virtual format that transports participants into the epicenter of retail disruption and innovation for an immersive look into the future of convenience retailing. To learn more, visit convenience.org/CSA.