With close to 1100 locations, the majority of the company’s stores are located in rural areas of the United States. Tractor Supply Company recently launched its Stewardship Program, focused on efficiency gains and the elimination of waste. This program is led by the company’s Stewardship Committee, composed of eight senior executives. So far the company has made significant improvements within its logistics and transportation operations. For example, by replacing its plastic shipping containers with cardboard boxes, which can be recycled at the stores, Tractor Supply Company is saving more than 700,000 gallons of diesel fuel per year. From the replacement of old forklifts with new low emission and energy efficient models to the use of remotely monitored energy management systems, Tractor Supply Company is also working to decrease its energy use.
Although not publicly available, Tractor Supply Company revealed that it tracks key performance metrics and has reduction goals in place. The company is currently working with its suppliers regarding sustainability issues. Portfolio 21 has asked Tractor Supply Company to develop raw material restrictions as part of its initiatives with suppliers.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 10/31/12 and may not reflect current opinions or subsequent events.