Lexmark International, Inc. (NYSE: LXK) has released its 2007 Sustainability Report, highlighting the company's efforts to reduce its environmental footprint and provide unique, innovative printing solutions that help its customers print less and lower their impact on the environment.
Sustainability has been an important part of Lexmark's core values since the company's inception. Lexmark focuses its commitment in three key areas – customers, operations and community – which are rooted in the work Lexmark employees perform each day.
Lexmark's commitment to the environment begins with designing innovative products, solutions and services with the environment in mind. Among other environmentally conscious features, many Lexmark printers are energy efficient, come standard with two-sided and multi-up printing and include high-yield print cartridges so customers can print smarter and lower their costs.
Lexmark's Design for Environment program ensures environmental responsibility throughout all phases of the product life cycle. This includes selecting materials for use in Lexmark products that meet or exceed environmental requirements and offering global recycling programs for end-of-life equipment and cartridges. Worldwide, one out of three Lexmark toner cartridges was returned to Lexmark in 2007 for remanufacturing or recycling. In the U.S., cartridge returns for the past several years have consistently averaged between 40 percent and 50 percent.
Lexmark conducts the operations at its facilities worldwide in an environmentally responsible manner, focusing its efforts in three primary areas – energy efficiency, water conservation and waste minimization. A management system is in place at each of Lexmark's facilities to ensure goals are set and continual improvement is achieved.
Lexmark has also implemented environmentally responsible printing practices in its offices. For example, Lexmark's office in Suresnes, France, became a working showcase in 2007 to demonstrate sustainable printing in the workplace. Lexmark employees who work in the office are applying the same responsible printing practices that Lexmark delivers to its customers each day to help them print less and protect the environment.
The Suresnes office achieved a 20 percent reduction in the number of pages printed, a 55 percent reduction in energy usage and a 44 percent reduction in direct costs after implementing the sustainable printing showcase.
Lexmark believes it is important to be a responsible neighbor and employer in the locations where it operates. Creating environmental awareness and encouraging volunteerism in the communities where its employees live and work is at the core of Lexmark's value of corporate citizenship. With the collaboration of its employees, customers, industry groups and community partners, Lexmark believes a more sustainable future can be provided for generations to come.
Many of the community programs Lexmark champions involve trees and water, which are resources used in paper production. For example, Lexmark employees have contributed their time and talents worldwide to support reforestation efforts, habitat protection and restoration and the preservation of clean water.
"Lexmark's Sustainability Report shows the dedication of our employees to protecting the planet's resources and to helping our customers meet their sustainability goals and minimize their impact on the environment," said Paul J. Curlander, Lexmark chairman and chief executive officer. "We are pleased to share the progress we've made in our company's commitment to environmental excellence."
For more information about Lexmark's sustainability program, or to read Lexmark's Sustainability Report, visitwww.lexmark.com/environment.
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2008, Lexmark sold products in more than 150 countries and reported $4.5 billion in revenue. Learn how Lexmark can help you get more done at www.lexmark.com.
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