06 May '11, 6am

Bloomberg Claims 200% ROI on Sustainability

Every dollar that Bloomberg has spent on sustainability has saved two dollars in operating costs, according to the company’s first public sustainability report. The media and financial services company said that demand reduction and capital investment projects have led to over $25 million in net savings since 2008. According to the report (pdf), last year Bloomberg met its targets on renewable energy credits, external energy star compliance, waste diversion and Forest Stewardship Council (FSC) certification, but missed goals related to on-site renewable energy, paper use and recycled content. REC purchases were up 25 percent from 2008 to 2010, to 60 percent of kWh, exceeding initial targets. This was due to savings made through deregulated energy contracts and to unexpected RECS bought to satisfy LEED requirements, the report said. Almost half of Bloomberg’s 13,000 employe...

Full article: http://www.environmentalleader.com/2011/05/06/bloomberg-m...

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