Mother Earth is getting a little bit of relief as more companies yield to pressure from environmentalists and activist shareholders to reduce their carbon footprints. But Gaia isn't the only one who's benefiting: Just ask the world's top 10 green companies, which have managed to save some serious greenbacks in the process of going green.
IBM (IBM), which tops the chart of Newsweek's 2010 global green rankings, saved more than $370 million from its energy conservation efforts during the 19-year span leading up to 2009, the company says. And IBM isn't alone. GlaxoSmithKline (GSK), which ranked No. 5 on Newsweek's green rankings chart, managed to save £3.8 million (nearly $6.3 million) in energy costs during a three-year period by reducing its carbon footprint by 4%, according to an Energy Efficiency Newsreport.
And even during these dour economic times, companies are apparently willing to increase their investments in green efforts, according to an MIT Sloan and Boston Consulting Group study on global sustainability and innovation.The report found 25% of survey respondents had expressed a willingness to increase their sustainability commitment in 2009, but that figure rose to 59% in 2010. And over the next year, 70% of survey respondents said they expected to increase their investments and sustainability management efforts.
Source: www.dailyfinance.com
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