MONDAY, 15 AUG 2022



Facebook Linked In Twitter

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout



brought to you by Deloitte

Lidl Is The First To Adopt Green Retrofit Programme With EDGE In Cyprus

Lidl Is The First To Adopt Green Retrofit Programme With EDGE In Cyprus

Lidl Cyprus continuously reduces its environmental footprint with a retrofit programme that is decarbonising its stores across the country. By achieving EDGE certification, Lidl Cyprus is saving 743 tons of carbon dioxide, 90.862 cubic metres of water and 1.551 MWh of energy per year.

Lidl Cyprus, has achieved EDGE green building certification for 17 stores across Cyprus, using the international green building standard created by the International Finance Corporation (IFC), member of the World Bank Group.

EDGE helps property owners and developers build and operate green buildings. It is supported by free software that encourages solutions to improve energy efficiency, water efficiency and the embodied energy in materials by at least 20% compared to a local baseline, which is the minimum standard for EDGE certification. The local baseline is calculated based on building codes, local climatic data and standard industry practices for Cyprus. It provides the perfect platform to improve the sustainability of a retail business, helping to quantify performance and reduce the carbon footprint of stores and distribution centres.

Lidl Cyprus started the EDGE certification process in 2018 with Sintali and SGS. By using the EDGE App to identify opportunities for efficiency improvements, Lidl Cyprus identified areas for retrofit which would both reduce carbon and provide a cost-effective return. This included highlighting the most effective green technologies to adopt, such as LED lights and reduced flow water fittings in most stores and implementing the retrofit strategy. Once the buildings met the EDGE standard, they were certified with Sintali-SGS, who developed a streamlined process to help Lidl certify its portfolio of stores in a resource-efficient manner.

For all existing stores, applying EDGE meant taking stores that were built years ago and bringing them up to current building codes, before working on the 20% efficiency improvements. In some cases, stores were constructed over 5 years ago. This makes the retrofit effort significant and underlines Lidl Cyprus’s sustainability strategy of focusing on constant improvements over time.

As the next phase, the company will be certifying its new stores with EDGE, while continuing to seek additional opportunities through the EDGE App to improve the resource efficiency of all of its existing building stock. 

You can find out more about EDGE certification here.


EY And Hult International Business School Announce New Masters In Sustainability, Free For All EY People

The EY organization, in association with Hult International Business School, today ...

Recommendations For Small And Medium Sized Enterprises Against Cybercrime

The biggest cybercrime problems faced by Cypriot small and medium-sized enterprises ...

American Presence At The 8th International Compliance Forum

Erik Woodhouse will honor the highly anticipated event with his presence. Creating ...



Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...