The Internet Drives Environmental Cost Savings of up to $44 Million

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FOR IMMEDIATE RELEASE:

The Internet Drives Environmental Cost Savings of up to $44 Million

Best Performing Companies

Spend 56% Less on Environmental Management

MASSACHUSETTS, BOSTON, Feb. 22 -/E-Wire/-- A new study by the BTI Consulting Group (Boston) of how more than 225 companies use the Internet to manage environmental information found that the best performing industrial companies can save up to 56% percent on environmental costs. BTI's exclusive research shows that a typical large company spends $80 million on environmental costs, while the best companies can reduce that to less than $40 million through strategic use of the Internet. BTI finds that the bulk of the savings come in several phases that include standardizing and automating environmental management processes, developing work processes and then developing common work platforms for these processes.

"The Internet offers a dramatic boost in quality" says Michael B. Rynowecer, President of The BTI Consulting Group. "The quality improvements are boosting performance and lowering environmental costs." continues Rynowecer. "It also improves relations with regulatory and oversight bodies" Rynowecer adds.

The study also shows that environmental managers are increasingly looking for collaborative data sets and centralized access to common source of information.

The study, E-Strategies for Environmental Management: Opportunities for Performance 2001, which will be released in early February, analyzes all aspects of E- Strategies including a comprehensive needs analysis and guidelines for success. BTI is the leader in providing high-impact research to the environmental management community. It is the only firm in the world that has continuously benchmarked all aspect of environmental and remediation management for the last 11 years.

The BTI Consulting Group

Roanne Neuwirth, Phone (617) 439-0333, [REDACTED-EMAIL]

http://www.bticonsulting.com

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