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BETHESDA, Md., Sept. 13, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced it will implement aggressive new global environmental goals to decrease its use of natural resources at all stages of product development and business operations over the next eight years.
By 2020, the company is targeting absolute reductions in carbon emissions by 35 percent, facility energy use by 20 percent, waste to landfills by 35 percent and water use by 10 percent, using third-party verified environmental performance from 2010 as a baseline. These represent voluntary reductions which go beyond current regulatory requirements. The eight-year horizon aligns with U.S. Executive Order 13514, which requires U.S. federal agencies to achieve similar environmental goals.
"With our Go Green 2020 goals, we can apply a new focus to the way we develop products, manage suppliers, operate facilities, design office space and other decisions we make throughout the business lifecycle," said Chris Kubasik, vice chairman, president and chief operating officer.
In April 2012, the company announced that it had met or exceeded its previous set of environmental goals of reducing carbon emissions, waste-to-landfill and water use by 25 percent since 2007, while revenues rose 12 percent in the same period. According to publicly available data and the recently released Carbon Disclosure Project 2012 S&P 500 Report, Lockheed Martin is leading major aerospace and defense companies, and many other large industrial manufacturers, in meeting environmental performance targets.
Several projects of varying scale contribute to the company's environmental performance improvements, including the largest outdoor solar LED lighting system in the state of Fla. at the Orlando facility; the recently implemented fuel cell power generation system at the Sunnyvale, Calif. site; and using reusable containers for aircraft parts that eliminate wood packaging and streamline the production process in Fort Worth, Texas.
More information about Lockheed Martin's energy, environment, safety and health performance can be found at: http://www.lockheedmartin.com/csr2011.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion.
SOURCE Lockheed Martin