A total cost of ownership approach to sustainabilitySustainable TCO solutions
/ WE RECOGNIZE THAT THE GREATEST POSITIVE IMPACT OUR PRODUCTS HAVE ON SUSTAINABILITY IS THE ENVIRONMENTAL HARM THEY MITIGATE. THEIR GREATEST NEGATIVE IMPACT IS PROBABLY THE ENERGY THEY USE. WE THEREFORE AIM TO PROVIDE SUSTAINABLE SOLUTIONS WHICH ARE ENERGY EFFICIENT AND WHICH REDUCE POLLUTION. SUSTAINABLE PRODUCTS & SERVICES IS ONE OF OUR MATERIALITY ASSESSMENT TOPICS.
Taking a Total Cost of Ownership approach enables us not only to achieve our sustainability target but also to save our customers money in the process, something which we demonstrate in this report with several customer related stories. Our aim by 2020 is to be helping them achieve €20 million in environmental cost savings every year.
To do this, we firstly need to be able to measure the savings we are delivering. Although there are individual regional systems in place, our aim for 2017 is to create a measuring process which is consistent across the whole business in the way it captures data, and which clearly separates out the environmental element of the results.
Once we are able to identify and measure environmental cost savings, we will need to ensure our sales people can highlight the savings to customers. This will enable customers to make better informed choices, which will in turn help them in meeting their own sustainability targets. We also need to do all we can to maintain and increase those savings, by working with our suppliers to broaden the range of products with environmental benefits which we offer.
Demonstrate the financial benefit of sustainability
Firstly, by capturing environmental savings data we can demonstrate the financial benefit of sustainability to customers. Secondly, by inspiring customers to make sustainable choices we can encourage suppliers to develop more sustainable products. Lastly, by pursuing a Total Cost of Ownership approach, we can make sustainable products and services desirable not only from an environmental perspective, but from a business perspective too.
- ERIKS Annual Sustainability Report 2016 available now
- Consistency to global procurement
- ERIKS wins the 60M race
- Around the world in 80 days – fuel free
- All-round improvement in steam trapping stations
- Keeping the hydro-energy ﬂowing
- Working together for safe drinking water
- Sharing hydraulic safety knowledge
- Coffee, Tea or Safety?
- Partnership with Purpose
- On an emissions mission
- Safe Hands
- Boiler room efficiency
- Targeting compressed air
- Reducing Methane Emissions
- ERIKS top 10 tips for energy saving
- Sustainable cost savings at dairy factory
- ERIKS' Energy savings solutions meet Government policies
- Reducing waste with the swipe of a wipe