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Staples Joins Green Power Market Development Group

Thursday, March 13, 2003 7:00 am EST

Dateline:

WASHINGTON

Public Company Information:

NASDAQ:
SPLS
"Green power procurement that helps make renewable energy more attainable is a key element of our environmental strategies"

WASHINGTON--(BUSINESS WIRE)--The World Resources Institute (WRI) announced today that Staples, Inc. has joined the Green Power Market Development Group. The announcement was made during WRI's Sixth Sustainable Enterprise Summit in Washington, DC.

Convened in 2000 by WRI, the Green Power Market Development Group (http://www.thegreenpowergroup.org) is a unique commercial and industrial partnership dedicated to building corporate markets for green power, that is, renewable energy sources such as solar, wind, biomass and landfill gas. The Group seeks to develop 1,000 megawatts (MW) of new, cost-competitive green power by 2010 - enough capacity to power 750,000 American homes.

"I congratulate Staples on joining the Group's efforts to encourage the use of green power," said WRI president Jonathan Lash. "This is a demonstration of true environmental leadership and will help advance a clean energy future."

Staples joins The Dow Chemical Company as the newest members of the Group. As part of its participation, Staples is committed to increasing its green power procurement to five percent of its total energy use by the end of 2003, from current levels of less than three percent. Staples' commitment will avoid the release of approximately 17 million pounds of carbon dioxide into the atmosphere per year, relative to national average power plant emissions, which is equivalent to avoiding the emissions of more than 1,400 cars per year.

"Green power procurement that helps make renewable energy more attainable is a key element of our environmental strategies," said Mark Buckley, vice president of environmental affairs at Staples. "We look forward to working with the forward-thinking members of the Group to share best practices, and to further diversify Staples' renewable energy portfolio for our stores and distribution centers throughout the U.S. - totaling more than 1,200 facilities."

The Green Power Market Development Group now numbers 12 members, which also includes Alcoa, Inc., Cargill Dow LLC, Delphi Corporation, DuPont, General Motors, IBM, Interface, Johnson & Johnson, Kinko's, and Pitney Bowes.

Staples, Inc. is an $11.6 billion retailer of office supplies, business services, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, France, Italy, Spain, Belgium, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has 58,000 associates serving customers in approximately 1,500 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.

The World Resources Institute (http://www.wri.org/wri) is an environmental research and policy organization that creates solutions to protect the Earth and improve people's lives.

Contact:

WRI (media officer)
Christopher Lagan, 202/729-7684
http://newsroom.wri.org

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