7 Eleven, Inc., the company that introduced convenience retailing to the world more than 90 years ago, has once again hit a major milestone: 77,711 7-Eleven stores open and ready to serve customers worldwide. As the world’s largest convenience chain, 7-Eleven is committed to using its global scale to make a difference.
“Since the inception of convenience retailing with the first 7-Eleven store in Dallas, Texas, a lot has changed in how, when and where we do business,” says Joe DePinto, 7-Eleven, Inc. President and Chief Executive Officer. “As customers continue to redefine convenience, we redefine our approach to ensure that we are exceeding their expectations. Today, that means accelerating our sustainability efforts to address social and environmental issues that are important to our customers and the communities in which they live and work.”
In addition to the sustainability initiatives already taking place at the local level, 7-Eleven collaborated with Plastic Bank to extract 140 metric tons of ocean-bound plastic from the environment in December 2021 – that’s equivalent to 7 million single-use plastic bottles. Founded in 2013, Plastic Bank builds recycling ecosystems in under-developed communities to fight both plastic pollution in oceans and high poverty levels in developing countries. People who gather ocean-bound plastics receive bonuses which help them purchase basic family necessities such as groceries, cooking fuel, school tuition and health insurance.
“We’re excited to work with 7-Eleven – a company that shares our vision of creating regenerative impact,” says David Katz, Founder and CEO of Plastic Bank. “Together, we have a unique opportunity to make a direct impact on the volume of plastic waste in our oceans, as well as the improvement of the livelihoods of collectors living in vulnerable communities.”
In addition to preventing ocean plastic, 7-Eleven has ambitious plans by 2030 which include cutting its carbon emissions and food waste by 50%, replacing plastic with eco-friendly materials in its packaging and sustainably sourcing food ingredients for its private brand products. 7-Eleven also continues to increase the supply of electricity from renewable energy projects and expand its electric vehicle charging options for customers as part of its efforts to reduce emissions. The retailer continues to develop its overarching environmental, social and governance (ESG) approach, while engaging with key stakeholders and value chain partners, like the partnership with Plastic Bank.