Polaroid Pact to Limit CO2 Emissions, Cut Costs

The Polaroid Corporation has agreed to cut its carbon dioxide emissions by at least 20% by 2005 compared to 1994 levels, and 25% by 2010. The imaging company announced the pact today with partners World Wildlife Fund and the Center for Energy & Climate Solutions.

According to Jennifer Morgan, director of WWF’s Climate Change Campaign, the agreement will reduce emissions equivalent to removing more than 12,000 cars from the road.

“Business leadership is an important ingredient in the fight to reduce the threat of global warming,” Morgan said. “By taking advantage of the cost-effective technologies that reduce both costs and pollution, companies like Polaroid are becoming part of the climate change solution, proving that fighting global warming is good for business.”

According to a press release, the reductions will be achieved companywide, using clean energy and energy-efficient technology that will reduce costs and emissions.

Polaroid says it plans to renovate or replace heating and cooling systems and industrial boilers, replace old factory motors with more efficient models, install high-efficiency lighting and energy management systems, buy “green” electric power and switch to cleaner fuels for power generation.

Sen. John Kerry, Democrat of Massachusetts, lauds the agreement: “Innovative initiatives such as the Climate Savers Campaign are playing critical roles in helping us understand the powerful unity between the environment, technology, and business creativity,” Kerry said in a statement. “Polaroid’s announcement today is proof that economic growth can compliment environmental stewardship.”