Starbucks is Planning to do This by 2025

Starbucks is making an effort to be more green and will be building 10,000 “greener” stores by the year 2025.

The global coffee giant announced on Thursday that it plans to build the stores around the world by 2025 and the move will encompass new store and renovations.

Not too long ago the company had also announced that it has plans to do away with single-use plastic straws from its stores by 2020.

“Woven into the fabric of Starbucks is the view that the pursuit of profits is not in conflict with the pursuit of doing good,” CEO Kevin Johnson said in a call with CNBC.

“We have been on a sustainability journey for many years, it starts with the way we grow our coffee to the work we do with LEED-certified stores, to the work we do around greener cups and plastic straws. Today’s announcement extends that to go beyond a LEED-certified store and will focus on operating those stores in a more sustainable way.”

Starbucks’ plans will save the company $50 million in utility costs over the next ten years. The company has also said that with building on its current 10-year legacy of utility cost savings generated from its green practices already in place, the company could save some $30 million annually in operating costs.

“This framework represents the next step in how Starbucks is approaching environmental stewardship, looking holistically at stores and their role in helping to ensure the future health of our natural resources,” said Erin Simon, director of R&D at World Wildlife Fund, U.S.

“When companies step up and demonstrate leadership, other businesses often follow with commitments of their own, driving further positive impacts.”

Disclaimer: We have no position in Starbucks Corporation (NASDAQ: SBUX) and have not been compensated for this article.