July 30, 2007

Hudson's Bay corporate headquarters achieves zero waste designation

TORONTO, ONT-Hudson's Bay Company (Hbc)'s corporate head office in downtown Toronto has become the first office tower in Canada to achieve the "zero waste" designation. Its 96.5% diversion rate from landfill (including organics) was confirmed through a third-party audit performed by C D Sonter Environmental Consultants. Based on the standards set out by the Zero Waste International Alliance, this makes the tower a zero-waste facility. Previously the 401 Bay Street office tower had been operating at 81% diversion rate. Hbc realized its achievement in co-operation with Ivanhoe Cambridge (the property's building management company) and Turtle Island Recycling. In addition to implementing a zero waste policy at its corporate head office, Hbc and Turtle Island have piloted zero waste programs at two Hbc stores in the Greater Toronto Area (GTA). Plans are also under way to introduce the program at five more stores and two other corporate offices by the end of August. The Zero Waste program is the first sustainability initiative to be rolled out under Hbc's new Global Mind brand. More information is available in Hbc's 2006 corporate social responsibility report, which may be viewed on the company's Web site, www.hbc.com.

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