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 Citizenship
Xerox Responds to Call from 'Carbon Disclosure Project' | |
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| Hundreds of international investors believe global warming is such a big issue that they banded together to request companies to disclose what they are doing to help. So for the second year in a row, Xerox Corporation has voluntary answered their request and participated in the "Carbon Disclosure Project," answering a series of questions that detail the company's commercial risks and opportunities that could result from climate change. The Carbon Disclosure Project sought to uncover the business implications of climate change on behalf of 225 institutional investors with assets of $31.5 trillion under management. Now in its fourth year, the project has expanded its reach to invite more than 2,100 companies worldwide to provide climate change information. Only 940 companies submitted the requested data, which was summarized in a report that the Project released on Sept. 18, 2006. The Xerox submission outlines the company's investment in product designs and technologies that conserve energy and reduce greenhouse gas emissions - in Xerox products, in manufacturing processes, and in how we do business. The report also details the status of Xerox's "Energy Challenge 2012" program, which encompasses the strategies and tactics being taken to ensure Xerox meets its greenhouse gas reduction goal. Announced in May 2005, the goal is to cut greenhouse gas emissions from Xerox worldwide operations by 10 percent from baseline year 2002 to the end of 2012. By 2004, the company was already on its way, with energy consumption cut by 3 percent and greenhouse gas emissions nearly 6 percent lower than 2002. Xerox reported that 59 percent of 2004 greenhouse gas emissions were indirect emissions from purchased electricity and steam, while 41 percent were direct emissions from combustion of natural gas, gasoline and diesel fuel. Seventy-nine percent of company emissions were associated with Xerox owned or leased facilities, while the balance - 21 percent - was associated with the sales and service vehicle fleet and other mobile sources. Among the strategies Xerox is using to meet the reduction target: - Shifts toward more efficient technologies.
- Process improvements to reduce energy demand.
- Increased reliability of Xerox equipment and parts.
- Equipment upgrades and energy management programs.
- Use of renewable energy sources.
In addition to submitting data to the Carbon Disclosure Project, Xerox earlier this month announced it joined the California Climate Action Registry. As a member, Xerox will work with the Registry to annually track, report and certify its greenhouse gas emissions. And in 2003, Xerox joined the U.S. EPA's Climate Leaders program and The Business Roundtable's Climate Resolve program."Xerox is serious about saving energy and reducing greenhouse gas emissions," said Patricia Calkins, Xerox's global vice president of Environment, Health and Safety. "It's not only financially and environmentally sound, it's important to our people, too." - XXX -To obtain Xerox's complete submission to the Carbon Disclosure Project, click here (PDF, 224KB). For more information about the Carbon Disclosure Project's 2006 report, visit www.cdproject.net. |
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