For Lockheed Martin (NYSE: LMT) going green is good for the environment and good for business. In its 2010 Corporate Energy, Environment, Safety and Health Report released today online, Lockheed Martin details how energy, water and waste to landfill reduction programs are helping the company meet its sustainability targets and improve operational efficiencies.
The company said its energy savings program has identified 150 projects with potential carbon reduction of up to 161,000 metric tons and associated possible operating cost reductions over the next two years. It also said it is lowering annualized operating costs from using fewer natural resources.
"We are embedding sustainability practices into our DNA," said David Constable, PhD., vice president of Energy, Environment, Safety and Health for Lockheed Martin. "As we become more energy efficient, use fewer resources and apply sustainability solutions in the design and management of all our operations, we reduce overhead costs, deliver greater benefits to our customers and improve the environment in the 545 communities worldwide where we have operations."
For example, Lockheed Martin launched a "green information technology" program, which has consolidated 4,000 data servers since 2008, resulting in a savings of 26 million kWh of electricity consumption and $2.6 million in annual costs.
In 2008, Lockheed Martin set the goal of reducing by 25 percent in its water, waste-to-landfill and greenhouse gas emissions by the end of 2012, based on 2007 baseline performance. The company said it has achieved one of these goals and is on track to meet the others.
Other key achievements noted in the report include:
- Decreased waste to landfill by 1.1 million pounds from 2009 to 2010, and by 26 percent since 2007 primarily by expanding recycle programs and working with vendors to eliminate excess packaging;
- Reduced water usage by 136 million gallons from 2009 to 2010, and by 22 percent since 2007, through such initiatives as upgrading to low flow plumbing fixtures, making improvements to cooling towers and installing landscaping that requires less water;
- Cut carbon emissions by 95,000 metric ton CO2 equivalents from 2009 to 2010, and by 15 percent since 2007 through a combination of energy efficiency initiatives and the purchase of renewable wind and solar energy and renewable energy credits;
- Expanded its greening the supply chain program, working with 51 Indirect and IT suppliers. A program with Staples has achieved financial benefits and led to saving nearly 9,000 trees by using more recycled content in 2010. Working with Dell, Lockheed Martin eliminated extra packaging by insisting that computers be shipped in multipacks or recycled containers;
- Named as an environmental leader for its GHG emission reduction efforts among S&P 500 Industrial companies by the Carbon Disclosure Project and achieved U.S. Building Green Council LEED® certification for 21 company facilities with 19 additional sites working to achieve various LEED® certifications; and
- Reduced recordable workplace injuries by an absolute 49 percent from 2003 to 2010 and established new 25-Foot Safety Control Zone program to heighten employees' safety awareness in their immediate work area.
The report is available online and includes an interactive tool that allows individuals to view sustainability metrics by topic and location.