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Making Sustainability Work. TUHSD June 14, 2011. Jonathan Schwartz Manager, Asset Optimization. Kris Waters, CMIR Investment Recovery Manager. COX Operating Companies. Cox Conserves Commitment. Reduce our annual companywide carbon footprint, or greenhouse gas emissions, by 20% by 2017
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Making Sustainability Work TUHSDJune 14, 2011 Jonathan Schwartz Manager, Asset Optimization Kris Waters, CMIR Investment Recovery Manager
Cox Conserves Commitment • Reduce our annual companywide carbon footprint, or greenhouse gas emissions, by 20% by 2017 • Save 172,000 tons of greenhouse gas emissions annually - equivalent to the pollution produced by providing power to 26,000 homes
Sustainability Three pillars of truly sustainable private sector initiatives: • Social: Community growth, non-profit support, job creation, education • Economic: Financial return, cost savings, revenue generation, return on investment, long term financial viability, risk management/mitigation, financial impact of climate change • Environmental: Minimizing or offsetting waste, reducing carbon dioxide emissions, reducing non-renewable resource consumption
Private Sector Sustainability Drivers • Primary business-driven motivators: • Reduce Risk • Reduce Costs • Increase or Preserve Revenue • Build Brand Value • Impact Local Markets • Increase Employee Engagement
Local Cox Conserves Initiatives: Investment Recovery • Redeploy or sell assets for reuse wherever possible • Sustainably recycle unusable assets to recover material value • Highlights asset’s value throughout its life cycle
Local Cox Conserves Initiatives • Office and field operations waste recycling • Paper • Plastic • Cardboard • Coaxial cable • Reduced waste disposal costs • Proceeds reinvested in K-12 education programs through Cox Charities
Sustainable Private Sector Jobs • Facilities Management • Supply Chain Management • Investment Recovery Management • Network Operations / Engineering • Information Technology • Business Analysis • Finance
Business Case Analysis: Call Center Ballasts Digital Ballasts in Call Center • Installed 800 new digital ballasts in our call center building • Enhanced dimming capabilities and “smart technology” • - Integration of occupancy and lighting schedules • Saves maintenance costs due to increased lifespan of lamps and ballasts
Business Case Analysis: Call Center Ballasts 10 Year Investment Analysis ANALYSIS SUPPORTS A SUSTAINABLE STRATEGY!
Activity – SPPA • With no extra revenue or benefit, what is the cumulative cash flow? What is the Net Present Value (NPV) at an 8% discount rate? • Formula: • t - the time of the cash flow • i - the discount rate • Rt - the net cash flow at time t. • How much revenue or benefit is needed to have a positive NPV? • If a positive NPV is not achievable, what other considerations must be taken into account?
Curriculum Recommendations • Sustainable practices often make business sense • Don’t have to work in a traditional “green job” to make a career of sustainability • The field of sustainability is rapidly evolving • Every waste stream has some level of value • Creativity is critical to success in the sustainability arena Environmental, social, and economic sustainability is optimized by aligning personal values and business drivers.
Questions? ? Kris Waters, CMIR Investment Recovery Manager 623.328.3274 – direct kristina.waters@cox.com Jonathan Schwartz Manager, Asset Optimization 623.328.3281 – direct jonathan.schwartz3@cox.com