“Transparency has a purpose – it enables you to perform at a higher level, it holds you to a higher standard. We do not see it as a burden – we firmly believe it is simply good business practice.”
~ OCTAL CEO, Nicholas Barakat
Boulder, CO (PRWEB) January 31, 2012
Renewable Choice Energy today announced the release of an extensive customer case study analysis on OCTAL, a global leader in the packaging industry. OCTAL has achieved tangible business benefits including cost savings, competitive advantage, strengthened partner relationships, and increased employee retention from being one of the first in its industry to track and publicly disclose the company’s waste, water, and carbon footprint as well as an in-depth product-level carbon footprint.
OCTAL makes the material used in the production of clear plastic packaging. In 2008 OCTAL invented a new manufacturing process to fabricate PET sheets for plastic packaging called Direct-to-Sheet PET (DPET™). It reduces the manufacturing process from nine steps to three. OCTAL’s innovation uses 67% less energy and has a 25% lower carbon footprint than traditional PET manufacturing.
With the guidance of Renewable Choice, OCTAL reports voluntarily and annually to the Carbon Disclosure Project (CDP), to the GreenerPackage.com database, and it has also conducted a product level carbon footprint analysis for DPET™. Beyond just creating a product that is better for the environment, OCTAL has taken steps to conduct its business opera¬tions in the most sustainable and transparent way possible.
OCTAL uses Mosaic™, a carbon accounting tool from Renewable Choice. Mosaic automates the carbon accounting process, replacing the manual work of spreadsheets with a web-based tool. Switching to Mosaic from the manual process has saved OCTAL an enormous amount of time and money: “We were trying to measure emissions using an overly complex enterprise carbon accounting system and found the project too costly and time consuming. In one month, Mosaic accomplished more than we had in a year,” Mohammed Razeem, OCTAL Sustainability Project Manager, explains.
Matt Wood, Director of Sustainability for Renewable Choice, describes what makes OCTAL different, “OCTAL is very proactive when it comes to disclosure and transparency in terms of their sustainability efforts. They fully understand that conducting business in this way will pay dividends in the end. They also believe in efficiency in all areas of business and have seen great improvements since implementing Mosaic.”
Voluntarily reporting on carbon emissions has brought tangible business benefits to OCTAL. CEO Nicholas Barakat says, “Transparency has a purpose – it enables you to perform at a higher level, it holds you to a higher standard. We do not see it as a burden – we firmly believe it is simply good business practice.”
To learn more, download the case study here.
About Renewable Choice
Founded in 2001, Colorado-based Renewable Choice Energy helps establish clients as leaders in their industry by supporting sustainability initiatives that increase transparency, reduce risk, lower costs, leverage competitive advantage and improve stakeholder relations. Renewable Choice has worked with hundreds of leading Fortune 500 and small companies alike and on over 2,000 LEED® green building projects. Our team of experts can help clients meet and exceed a wide range of objectives in the areas of the Carbon Disclosure Project, supply chain sustainability assessments and scorecard programs, greenhouse gas (GHG) inventories, carbon accounting, renewable energy credits, and carbon offsets. For corporate GHG inventories, Renewable Choice offers Mosaic, a simple, scalable and automated web-based carbon accounting software solution. Renewable Choice and our clients have received prestigious awards from the EPA and DOE for supporting and expanding the renewable energy market and have been featured in hundreds of media outlets including The New York Times, Wall Street Journal, CNN, USA TODAY, and more. To learn more, visit http://www.renewablechoice.com.