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Business Guide to Paper Reduction - Tufts Office of Sustainability

Business Guide to Paper Reduction - Tufts Office of Sustainability

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High ROI from <strong>Paper</strong> <strong>Reduction</strong> Campaigns<br />

• General Electric estimates an up <strong>to</strong> $10 billion cost reduction in the coming years<br />

through digitizing many <strong>of</strong> its processes. This effort has already helped GE identify<br />

approximately $1.5 billion in potential cost-savings for 2001. 39<br />

• Public Service Electric and Gas Company saved 100 <strong>to</strong>ns <strong>of</strong> paper and $320,000<br />

through the use <strong>of</strong> electronic communications. 40<br />

• Legacy Health Systems saved $279,000 in reduced paper consumption by<br />

centralizing files, reducing distribution lists, and consolidating forms. 41<br />

• Lockheed Martin estimates savings <strong>of</strong> eight million sheets <strong>of</strong> paper and $250,000 by<br />

putting a 100-page manual on the Internet. 42<br />

• Bell Atlantic saved 29 <strong>to</strong>ns <strong>of</strong> paper and more than $60,000 by expanding the use <strong>of</strong><br />

electronic purchasing orders and invoices. 43<br />

In natural systems as in business operations, efficient, minimally wasteful processes are<br />

significant fac<strong>to</strong>rs in long-term stability. As these examples indicate, there does not need <strong>to</strong> be a<br />

distinction between paper reduction efforts that are good for the environment and good for the<br />

bot<strong>to</strong>m line. The two even amplify each other – while cost-savings will be the most tangible<br />

benefit, a reputation for being environmentally conscious can also be good for business.<br />

<strong>Business</strong> <strong>Guide</strong> <strong>to</strong> <strong>Paper</strong> <strong>Reduction</strong> 6

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