My findings on Eco-efficiency

I found a useful and well explained article on a Canadian industry website. It helped me to understand what eco-efficiency is. This is what I now know;

Eco-efficiency is increasingly becoming a key requirement for success in business. Its a management strategy for doing more with less and it is achieved by completing three objectives;

1 Increasing product or service value
2 Optimising the use of resources, and
3 Reducing environmental impact.

Each of these gives an opportunity for cost savings, so it makes very good business sense to follow them. Case studies show that companies that have bought Eco-efficient technology and practices have higher productivity and innovation, increses competitiveness and improves environmental performance.

Reaping the Benefits
Eco-efficiency offers a number of practical benefits for your business, including

Reduced costs - through more efficient use of energy and materials;

Reduced risk and liability - by "designing out" the need for toxic substances;

Increased revenue - by developing innovative products and increasing market share;

Enhanced brand image - through marketing and communicating your improvement efforts;

Increased productivity and employee morale - through closer alignment of company

values with the personal values of the employees; and,

Improved environmental performance - by reducing toxic emissions, and increasing the recovery and reuse of "waste" material.
http://www.ic.gc.ca/eic