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Xerox Tasks Employees with Developing Green Ideas, Saves $10.2 Million

By on January 6, 2011 in Green Economy, Sustainability in Business

by Beth Gray

Document systems and services giant, Xerox, recently took an innovative step toward reducing the company’s carbon footprint and ended up saving itself loads of money.  Last year, the company encouraged employees to develop and share ideas on sustainability and efficiency.  Run company-wide, the request brought in thousands of ideas.  From that group, 30 nominations were selected as finalists.  Eventually, 13 winners were selected by the company. 

By implementing the ideas of the 13 winners, Xerox managed to save $10.2 million in FY2010 and eliminate some 2.6 million pounds of waste.  As Leon Kaye of the website Triple Pundit noted, “Some may sniff that $10.2 million is small potatoes for a $15 billion dollar company, but a cursory look through Xerox’s financials reveals that net income after tax was $475 million last year.”  Regardless of net or gross income, however, Xerox’s progress is noteworthy. 

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