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 VeriFormâ€™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 companyâ€™s sales were 28 per cent higher and the plantâ€™s physical size was 145 per cent larger than in 2006.
The inspiration for going green was altruistic. â€œWe were just trying to reduce our carbon footprint,â€ Mr. Rak says. But the financial rewards quickly became evident â€œonce we started doing spreadsheets and payback analysis,â€ 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.