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26 Apr 13. Lockheed Martin continues to meet and exceed established sustainability goals as outlined in its 2012 Corporate Sustainability Report, released yesterday. The 2012 Corporate Sustainability Report highlights:
* Innovation for Conservation: The Corporation has innovated products for the land, sea, air and space that are smaller, lighter and use less power.
* Less Wasteful Packaging: To reduce the cost and labor involved in making and shipping canopies for F-35 fighter jets, the company successfully developed and implemented a reusable container for packaging, receiving and shipping parts.
* Reduced Consumption: Simply by using less electricity, natural gas and water, the company reduced consumption costs by more than $20 million in 2012 compared to 2007–savings that were reinvested in the business.
* Supplier Support: For the third year in a row, Lockheed Martin earned an “outstanding” rating from the Defense Contract Management Agency for its support of small and diverse suppliers.
* Smart Energy Management: Lockheed Martin delivered $54 million in energy savings incentives to utility customers and developed electrical generator systems that use dramatically less fuel for military customers.
* “Greener” Operations: The Corporation has reduced carbon emissions by more than 450,000 metric tons since 2007–the equivalent of taking almost 100,000 cars off the road.
* Water Conservation: Since 2007, Lockheed Martin has cut water usage by more than 700 million gallons–enough to fill an estimated 1,100 Olympic-sized swimming pools.
* Employee Volunteerism: In 2012, Lockheed Martin employees volunteered more than one million hours to help strengthen communities where they live and work.
* An Inclusive Workplace: Lockheed Martin was named a “Best Place to Work” by the Human Rights Campaign and received a “100” rating in the Human Rights Campaign Foundation’s Corporate Equality Index–a national benchmarking tool used to evaluate corporate policies and practices related to lesbian, gay, bi-sexual and transgender employees.
This is the second year that Lockheed Martin has published a comprehensive Sustainability Report. In 2012, Lockheed Martin established the Office of Corporate Sustainability to integrate business decision-making affecting all stakeholders. The company also integrated the Global Reporting Initiative framework in sustainability reporting efforts.