New York City -- A Thursday report by Crain’s New York Business said that Lord & Taylor has signed a two-year contract with Green Mountain Energy Co. to provide the department store retailer with 100% of its electricity needs at two stores, including the Fifth Ave. flagship location.
The move has garnered the attention of the Environmental Protection Agency, which places Lord & Taylor, effective August, as No. 17 on the its Green Power Partnership list of Top 20 retailers embracing clean energy.
The Green Mountain contract will provide 13 million kilowatt hours of wind-generated power annually.
"We're very excited that we are able to implement this cleaner energy and carbon offset solution now," Brendan Hoffman, CEO of Lord & Taylor, told Crain’s. "We are thrilled to incorporate green power as part of our business practices."