Sustainability

New York City -- A report released Thursday by The Conference Board said that the rate of dismissal of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25% of boards of directors facing a chief executive succession have opted for an outside hire.

According to the 2011 CEO Succession Report, 51 CEOs in the S&P 500 left their post in 2010, making the rate of CEO succession approximately 10%, consistent with the average number of annual succession announcements from 2000 through 2009.

East Palo Alto, Calif. -- Ikea said Wednesday it has plugged in the solar energy installation at its store in East Palo Alto, Calif.

The 38,000-sq.-ft. array consists of a 302-kW system, built with approximately 1,344 panels. The Swedish home furnishings retailer’s program will produce approximately 427,900 kWh of clean electricity annually – the equivalent of reducing 326 tons of carbon dioxide (CO2), eliminating the emissions of 58 cars or powering 35 homes yearly.

CINCINNATI — Kroger has released its fifth annual sustainability report.

 Some of the highlights noted in the report include:

• Kroger stores reduced overall energy consumption by 30% since 2000. 

• Company-wide, including all facilities, Kroger has saved more than 2.2 billion kilowatt hours.

Cincinnati -- In its fifth annual sustainability report, released Tuesday, The Kroger Co. said it continues to meet its benchmarks, including reducing in-store energy consumption by 30%.

"In 2010, Kroger stores saved enough energy to power the city of Fort Worth for a full year,” said Rodney McMullen, president and COO of Kroger. “We sent less waste to landfills, recycled more plastic, and provided our customers with five million more reusable bags.”

BENTONVILLE, Ark. — Wal-Mart Stores announced that it has completed its investment for a 51% stake in South African-based Massmart Holdings Limited for ZAR148 per Massmart ordinary share.

Massmart will continue to trade on the JSE Limited to provide Massmart shareholders with the ability to participate in the growth opportunity of the combined entity.  

NEW YORK — Macy’s announced that it will offer an exclusive collection of area rugs that have been certified by GoodWeave, an international nonprofit organization that works to ensure rugs made by hand in Nepal and India are free of child labor. The GoodWeave collection, including 20 styles available in various sizes, will be carried in select Macy’s stores in New York and New Jersey.

Bentonville, Ark. -- Wal-Mart Stores, announced Monday that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited.