Saving energy is good for business.
Just days before Earth Day, Natural gas provider New Jersey Resources announced Apr. 19 that it has met its 2020 GHG emissions reduction target.
NJ Energy Company Meets 2020 Greenhouse Gas Target
New Jersey Resources announced yesterday it has already achieved its goal to reduce greenhouse gas emissions 20 percent by 2020, a target the state of New Jersey also has embraced,
How’s they do it?
The target was achieved, in large measure, by its chief subsidiary, New Jersey Natural Gas, which reduced its emissions by 33 percent by using heaters to keep natural gas flowing through the pipeline.
In addition to its pipeline energy reductions, NJR achieved airline and travel emission reductions of 29 percent and fleet reductions of 19 percent. It also achieved building emission reductions by retrofitting lighting in most of its buildings.
Here’s the company’s own press release:
NEW JERSEY RESOURCES MARKS EARTH DAY BY ANNOUNCING PROGRESS ON GOAL TO REDUCE EMISSIONS BY 20 PERCENT
And NJ Resources latest Corporate Sustainability Report
In a passionate opinion piece, GreenBiz editor Senior Editor Marc Gunther examines Walmart’s just-released 2012 sustainability report and asks: Is it good enough?
I’ll add: Is it the right way to go?
How Much of a Difference Can Walmart Really Make?
Read the report, and I think you’ll agree that Walmart is “greener” and more responsible than it used to be (that’s Duke’s claim), that the company does a lot of good (by delivering value to its customers and providing employment to 1.4 million people in the U.S. alone) and that it is a powerful driver of efficiency throughout the global economy (that’s at the core of Walmart’s business model, and its peculiar genius as a company).
As I read the report, I was reminded of that even Walmart — which is arguably the world’s most powerful company — can only go so far when it comes to protecting the planet.
Gunther gives Walmart well-deserved praise for its ambitious, far-reaching improvements in 10 focus areas last year:
- *Reduced waste by 80 percent
- *Expanded locally grown produce (up by 97 percent)
- *Pledged to source $20 billion from women-owned businesses in the U.S.
- *Saved customers $1 billion on fresh fruits and vegetables
- *Announced a “Great for you” icon that will help shoppers identify healthier food items.
Not to take anything away from these accomplishments, but I think Walmart benefits this year from the fast-start and low-hanging fruit.
If you double your locally sourced produce from none to one, that’s a 100% increase.
And what’s more, Gunther reminds us to keep an eye on the ball: the carbon emissions ball. For all the Walmart is doing business better, it’s doing more business and increasing its overall global carbon impact with each CFL bulb it sells.
Gunther says that the power to change Walmart’s course ultimately rests with us–not as consumers, but as engaged citizens.
Bank robber Willie Sutton supposedly quipped that he targeted banks because “that’s where all the money is.”
That came to mind when I heard that CFOs are stepping up to manage their company’s sustainability strategy.
Sounds like smart business to me.
I’m glad to see the the dots connect. The things that CFOs care about–profits, position, potential–are the same things that Sustainability can help manage.
The report cites CFO concerns that upcoming resource scarcities –namely water–are a short-term core business risk.
Short-term. As in 3-5 years short-term.
Via Ernst & Young/GreenBiz.com:
Seventy-six percent of survey respondents anticipate natural resource shortages will impact business, CFOs emerging as key players in sustainability
Read the full report.