Business News
Pitney Bowes Recycles 14.5 Million Pounds of Waste in 2009
Wednesday 09. June 2010 - Company Avoids Nearly 27 Thousand Metric Tons of Carbon Emissions
Pitney Bowes Inc. (NYSE: PBI) today announced that by recycling 14,532,290 pounds of waste in 2009, the company avoided emissions of 26,938 metric tons of carbon. Verified by the U.S. Environmental Protection Agency (EPA) through the companys participation in the voluntary WasteWise program, this amount of carbon emissions is equivalent to the annual greenhouse gas emissions from 4,932 passenger vehicles.
“Environmental responsibility is an important part of our effort to provide sustainable value to customers and shareholders,” said Ellen Huang, director, environmental affairs, Pitney Bowes Inc. “Our collaboration with the U.S. EPA enables us to track our waste reduction efforts year after year, which is a great barometer of progress for us.”
In 2008, the company recycled 13,686,766 pounds of waste, an amount equivalent to 16,147 metric tons of carbon or the annual greenhouse gas emissions from 2,956 passenger vehicles. In 2009, Pitney Bowes was able to greatly increase the amount of avoided carbon emissions due in part to a secure destruction program that recycles paper after it is shredded. Since 2004, the company has avoided approximately 120,345 metric tons of carbon emissions. The company earned recognition in the WasteWise Hall of Fame in 2007 for its success in recycling and waste prevention.
The companys recycling of waste is a part of a broader initiative to measure, analyze and reduce its carbon footprint. In 2010, Pitney Bowes will participate in the Carbon Disclosure Project (CDP8) questionnaire for a third year, affirming its commitment to measuring carbon emissions and reducing environmental impact. An analysis of Pitney Bowess responses is expected from the CDP in September 2010.