A Quote by Ray Anderson on waste, environment, sustainability, conscious capitalism, and business

We began to tackle the face of mountain we identified as waste. We defined waste, by the way, as any cost that we incurred that does not add value to our customer and that translates to doing everything right the first time, every time. It’s not just waste material, scrapped and low quality and so forth. If you send something to the wrong destination and have to get it back and reship it -- that’s waste. If you incur a bad debt -- that’s waste. So we defined waste very broadly and over time we actually said that any energy that comes from fossil fuel by our definition is waste and we need to eliminate it. We really began to think in different ways about our business in terms of climbing this mountain and it became very clear very quickly this was the smart thing to do. Not only did we start to generate answers for those customers, they embraced us for what we were trying to do. The goodwill in the market place has just been stunning. The rest of the business case is pretty simple. I cost it down not up.

Ray Anderson

Source: Ray Anderson on conquering Mount Sustainability: http://www.greenlivingonline.com/Business/ray-anderson-conquering-mount-sustainability-and-inspiring-us-along-the-way/

Contributed by: ~C4Chaos