Business Guide to Paper Reduction - Tufts Office of Sustainability
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