Driving Eco-efficiency.Eco-efficiency can help create competitive advantage, sustainable earnings and superior shareholder value by enhancing at least five value drivers. * Cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. and liability reduction. 3M has saved over $750 million through pollution prevention and waste reduction efforts. Dow, Procter & Gamble and Baxter International Baxter International Inc. (NYSE: BAX), is a global healthcare company with 48,000 employees and 2006 sales of US$10.4 billion. Its headquarters is in Deerfield, Illinois. are three other high-profile examples. Almost by definition, the most eco-efficient companies are also the least exposed to legal and financial liabilities. * Sales and market share growth. DuPont, Monsanto, Interface and others produce top-line revenue growth with new products and services predicated on environmental out-performance. * Franchise and brand value. Major corporations remain dependent on their "social license to do business," a license that can be revoked summarily over perceived environmental transgressions. The Brent Spar Brent Spar or Brent E, was an oil storage and tanker loading buoy in the Brent oilfield, operated by Shell UK. With the completion of a pipeline connection to the oil terminal at Sullom Voe in Shetland, the storage facility had continued in use but was considered to be of no North Sea oil platform incident, for example, cost Royal Dutch/Shell fully 30 percent of its market share in Germany within one month. * Stakeholder stakeholder n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property. satisfaction. Key stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. can all be positively influenced by a green track record. Senior executives at companies as diverse as Intel, Georgia Pacific and Bristol-Myers Squibb Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were , for instance, believe their superior environmental performance and reputation have generated concrete shareholder value through improved relations with regulators, customers, suppliers and employees. Furthermore, stakeholder relationships can affect the time-to-market requirements for new products and facilities. Every month that can be shaved from the time it takes to build a semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. plant and get it operational, for example, translates into increased competitiveness, market share and profitability. * Innovation capacity. Evidence suggests environmental innovation and excellence can be contagious, spreading to other functions and departments. Northern Telecom, Mobil and Interface all point to instances where eco-innovations helped create a new corporate ethos and elevated the companies' overall innovation quotient. - Source: Innovest Strategic Value Advisors |
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