News & Views From the Front Line
Monday, 25 January 2010
Indirect benefits outweigh cost savings for BT by a long, long way
I was doing some background research on BT's sustainability activity for the Green Executive and the
Service Network talk I'm giving in two week's time. Their sustainability report says they've saved £400m between 2005 and 2009 and supported bids worth a potential £1.9bn in 2009. Which means:
• direct cost savings: £100m per annum
• indirect business benefit: £1,900m per annum
= indirect benefits are worth 19 times as much as direct cost benefits
So, please, don't be taken in by by the old "go green and save money" line - BT could have lost out on direct economic costs and still made a handsome profit on their sustainability programme. The prize is much, much bigger than just a few bob's worth of energy savings. The best of the best have their sights set much, much higher. Have you?
Labels: costs, environmental strategy, green business, savings
# posted by Gareth Kane : 10:22
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Wednesday, 22 July 2009
Still can't afford this Green Stuff?
I've just been interviewing Paula Widdowson, Director of CSR for Northern Foods for book#2. Their CSR efforts saved them £2m last year, and they expect £4m this year and £11m the year after. Less enlightened companies are still saying "we can't afford to do this in a recession!" How can they afford not to?
Great tip from Paula: Northern Foods colour code their machines with small stickers. Red means "leave this on", Amber says "If you think this should/could be switched off, then ask" and Green says "If this isn't doing anything, then switch it off". For one of their factories, this cost £22 to implement. Genius.
Labels: recession, resource efficiency, savings
# posted by Gareth Kane : 11:15
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