Xerox announces emissions reductions
The office equipment manufacturer, which has reported revenue of $12.3 billion so far this year, said it reduced emissions by 87,000 metric tons of carbon dioxide equivalents last year, from 486,000 metric tons in 2002.
Xerox set a reduction target of 10 percent in 2002 and announced Monday it would increase its target to 25 percent by 2012.
The emissions reductions were the result of improved energy efficiency in the production of toner, digital technology, and remote equipment monitoring to cut the use of company vehicles by Xerox's 15,000 equipment technicians. Reductions also came from replacing and updating equipment to improve energy efficiency, the company said.
Energy consumption from 2002 to last year declined 21 percent, driven by a 12 percent reduction in electricity use, a 27 percent reduction in natural gas purchases and a 30 percent reduction in gasoline and diesel fuel consumption.
"Our long-term experience has shown us that when we act in ways that benefit the environment, we make sound business decisions that not only benefit Xerox but also our customers and shareholders," said Patricia Calkins, Xerox vice president for environment, health and safety.
Xerox shares declined 11 cents, to $16.77, in midmorning trading.
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