TORONTO, March 19, 2012 /CNW/ - Canadian Tire Corporation, Limited (CTC, CTC.a) is proud to announce that its business sustainability strategy and performance were recognized with the GLOBE Award for Best Green Retailing Practices.

"Canadian Tire continues to raise the bar with its work in business sustainability and we are very pleased to have been honoured by The GLOBE Foundation," said Tyler Elm, Vice President, Corporate Strategy and Business Sustainability. "We are successfully integrating sustainability into our business strategy and operations and we are highly optimistic about future opportunities to build on our results."

The Green Retailing Practices Award is presented to the company that has demonstrated excellence in executing end-to-end sustainable practices and has made measurable environmental performance improvements to its retail operations. Considered to be the most high-profile national awards series of its kind, the GLOBE Awards are judged by a panel of experts in the Canadian business community to recognize leading Canadian companies whose corporate sustainability practices yield bottom-line results.

Canadian Tire's strategy aims to embed sustainable practices in every aspect of its business operations, including: management of its products and packaging from procurement through post-consumer use, transport from suppliers to distribution centres and stores, and the maintenance and enhancement of the buildings portfolio and other operations.

Last week, Canadian Tire released its fourth quarter and year-end business sustainability results, which included 438 initiatives completed in 2011. Combined, these initiatives are forecasted to avoid more than $5.6 million in costs, 2,451 tonnes of waste and more than 6,900 tonnes of greenhouse gas (GHG) emissions annually. These results are the equivalent to the energy use and emissions from powering more than 1,080 Canadian homes.

"Far beyond a 'green' initiative, the business sustainability strategy centres around three key areas - products and packaging, transportation of products and buildings and operations," continued Elm. "Canadian Tire promotes the use of low-carbon energy, energy efficiency and material efficiency, reducing greenhouse gas emissions and waste."

For more information on Canadian Tire's business sustainability strategy, visit: http://corp.canadiantire.ca/EN/MAD/BusinessSustainability/Pages/default.aspx

ABOUT CANADIAN TIRE

Canadian Tire Corporation, Limited (TSX: CTC.a) (TSX: CTC) is one of Canada's most-shopped general retailers and the country's largest sporting goods retailer, with more than 1,700 retail and gasoline outlets from coast-to-coast. Our primary retail business categories - Automotive, Living, Fixing, Sports, Playing and Apparel - are supported and strengthened by our Financial Services division, which offers such products and services as Canadian Tire Home Services, credit cards, retail deposits, in-store financing, product warranties, and insurance. Nearly 68,000 people are employed across the Canadian Tire enterprise, which was founded in 1922 and remains one of Canada's most recognized and trusted brands.