Weekly News Bulletin: Jul. 8-14, 2005


Shaw Seeks To Develop Plant to Handle Carpet Waste

Shaw Industries Inc. is developing a $10 million plant in Dalton, Ga. to handle the thousands of tons of overruns and remnants produced during each year of carpet production. The company hopes to save $2.5 million a year in fuel costs, as well as additional avoided disposal costs. The plant will also incinerate the 6,000 annual tons of sawdust that the company produces from manufacturing wood flooring. The Carpet and Rug Institute estimates that 4.7 billion pounds of carpet are dumped in landfills each year, comprising an estimated 1 percent of the nation's total landfill space...Read More »



Wells Fargo Factors Environmental Considerations into Lending Standards

Wells Fargo has announced that it will tighten its lending standards in an attempt to address potential environmental risks. The bank has joined Citigroup Inc., Bank of America Corp., and JP Morgan Chase & Co. in taking a harder look at environmental lending standards. The company also plans to provide $1 billion of financing over five years for environmentally friendly business opportunities. The company has pledged by year's end to adopt new due diligence procedures for mid-size and large business clients in environmentally sensitive regions, and will adopt the "Equator Principles," designed by the World Bank's private sector arm to direct project financing in such regions...Read More »



Waste Management Sponsors Two PGA Tours

Waste Management has announced three-year deals to sponsor professional golf's PGA Tour and senior-oriented Champions Tour. The company is now the "official environmental waste services provider" of both tours...Read More »



Waste Industries Completes Acquisitions in Nashville, Atlanta

Waste Industries has announced the acquisition of residential collection routes from ASP Sanitation near Atlanta and a multi-service collection operation and facility from Mark Dunning Industries near Nashville. The company will tuck both acquisitions into existing operations, allowing it to streamline operations in both areas...Read More »



Report Finds More Companies Acknowledging Environmental Performance

The Social Investment Research Analysts Network has found that an increasing number of the nation's largest publicly traded companies are reporting annually on their environmental and social performance as well as their financial performance. A new SIRAN study indicates that more than half of the S&P 100 index-58 companies-have special website sections devoted to social and environmental performance, and 39 companies issue annual corporate social responsibility reports...Read More »



Office Depot Records Major Increase in Recycled Paper Sales

Office Depot has announced that 65 percent of its 2004 U.S. paper sales came from recycled paper, marking a 373 percent increase from 2003. In 2004, the company was the first in the office products industry to establish annual quantified performance objectives, and also reported that the average annual post-consumer waste recycled content of all paper it sold in the United States last year rose by 125 percent...Read More »


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