Did you know? According to Crain's Business, being environmentally friendly—like planting trees around campus, replacing light bulbs, and composting food waste—has significant perks for colleges and universities that go far beyond the feel good factor:
"Being environmentally friendly has potential perks for colleges and universities beyond the altruistic. For one, using less energy or sending less trash to landfills comes with measurable cost savings. For another, it's a way to differentiate an institution in a competitive marketplace."
Cost Savings Are Significant
Among a number of initiatives identified, the article notes a recent Ohio university residence hall that cut waste costs in half by implementing a simple recycling program. Strides in solar and wind energy, along with on-campus farming, have also made significant impacts:
"[Universities have] turned sustainability initiatives into an internal investment strategy...They used to be looked at as a cost from the campus budget. Now, there's an upfront cost, but the university knows it will recoup and reinvest the savings."