Conversations on conservation in industries have shifted. The talk went from saving up on costs to saving the environment. Finally, it shifted to include both. More firms are facing environmental issues, especially when some political leaders look the other way.
The narrative that spouts the high cost of eco-friendly practices is getting obsolete. Greening the industries is the new story. Here are the epic heroes:
DuPont is one of the early adopters in the field of sustainable solutions. The company that manufactures fibers, plastics, and refrigerants committed to helping curb climate change since 2000. Their promise was to reduce greenhouse gas emissions (GHG) by 65%. By 2007, DuPont was already saving up $2.2B a year. This they achieved through energy-efficient processes.
The company which we know so well for their durable appliances have invested heavily in their “Ecomagination project”. GE’s idea was to invest more resources in research and development (R&D) to launch eco-friendly solutions. These ground-breaking solutions should save money and reduce environmental impact for their customers. They also sought to manage their own carbon footprint. In 2013, they have seen a tenfold growth in takings. Their $12B stake since the 2005 launch resulted in revenues worth $160B. And, their savings?–$300 million.
Toyota is currently on track to realizing their 6th Environmental Action Plan. The five-year plan aims to create a low-emission recycling-based society by 2021. It also aims to reduce environmental risks and promote such ways.
The success of the first five plans not only in terms of savings easily ushered this sixth venture. Toyota has shown success in reducing GHG. Between 2001 and 2012 alone, they reduced GHG vents per vehicle by 47%.
Companies outside of the manufacturing sector have also taken the green initiative. These include Tesco, Walmart, Marks & Spencer, Amazon, Google, and Citibank among other eco-friendly firms. We also know about Tesla and their green plan as disclosed by businessaimed. Whether investing in renewable energy projects or doing lean and green solutions within, these companies have chipped in for a better world. Thanks also to companies like Lundbergtech (lundbergtech.com) who provide better waste management solutions.
Painting the Industry Green
So how can manufacturing industries go green? One way is for companies to be wary of their wastes. Handling solid wastes is among the concerns any firm faces. Businessaimed can attest to that.
In the US, the 1960-2014 data revealed that paper and paperboard were the most common municipal wastes. Such issues have ushered coalitions such as The Paperless Project, organizations, and companies to have a stake in implementing eco-friendly practices. Information on these practices is available on sites like lundbergtech.com. Some of these practices include the installation of safe and efficient waste handling systems in manufacturing facilities.
Companies can also rely on organizations and similar bodies that have an extensive grasp on environmental care. The World Wildlife Fund and the Carbon Disclosure Project have come up with “The 3% Solution”. This project charts a new path for firms, one that is profitable, practical, and climate change-curbing.
Greening the industries is a rising movement. It is throttled not only by the environment-conscious bodies, CEOs, or governments. Investors, including the small ones, have a part, too. Some investors put their money behind companies with good business practices. Others invest in R&D of energy-saving technologies.
It goes without saying that when it comes to the environment, everyone is a stakeholder.