How is manufacturing going green? Essentially, it is the “greening” of manufacturing, in which workers use fewer natural resources, reduce pollution and waste, recycle and reuse materials, and moderate emissions in their processes. Green manufacturers research, develop, or utilize technologies and practices to lessen their impact on the environment.
Why are companies going green? Greening processes can result in efficiency gains by reducing energy costs, allowing businesses to secure green tax credits, improving operational efficiency, and embedding circular economy principles internally. Such gains directly translate into commercial benefits.
Are companies becoming more green? Companies are now joining the sustainability movement in large numbers; a trend that’s expected to increase in 2020. Research shows the number of American businesses with formal green programs in place is up 54%, according to a study conducted by Xerox.
What percentage of companies are going green? Eighty percent of leading companies around the world now report on sustainability, according to Big Four firm KPMG’s 2020 Survey of Sustainability Reporting, “The Time Has Come.”