A Cambridge, Ontario metal fabrication company, VeriForm, has become an ecological leader in a field notorious for neglecting the effects of their business and product on the environment. A capital investment of $78000 has allowed VeriForm to implement many small changes (i.e. a centralized programmable thermostat, high-efficiency lighting systems, etc.) which saves the company $120000 annually!
The eco-changes shrank VeriForm’s greenhouse gas emissions to 126 tonnes in 2009, down from 234 tonnes in 2006. That figure is even more impressive given that in 2009 the company’s sales were 28 per cent higher and the plant’s physical size was 145 per cent larger than in 2006.
The inspiration for going green was altruistic. “We were just trying to reduce our carbon footprint,” Mr. Rak says. But the financial rewards quickly became evident “once we started doing spreadsheets and payback analysis,” the 46-year-old says.
This is great proof that, contrary to popular belief, going green doesn’t mean losing money – VeriForm has shown that making smart upgrades that benefit the planet can also benefit profits.
Read the rest of the article at The Globe and Mail.