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April 22, 2014

Green is Part of Our Culture

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Freddie Mac employees join more than a billion people around the world today to observe Earth Day 2014, learning what they can do to help the environment and about the efforts to keep Freddie Mac green.

It's a commitment that extends well beyond today's Earth Day Fair, it's part of our innovative culture.  365 days a year, employees across the company are identifying areas where Freddie Mac can reduce our carbon footprint and make a positive impact on the environment.

In the early 1990s, it started with a focus on basic initiatives such as recycling paper and printer toner.  As employee participation grew over the years, we formalized an internal "green campus" group to meet regularly and discuss green initiatives. Today, employee-driven initiatives are embraced company-wide and are focused in three main areas: recycling, conservation, and reuse.

We are making a big difference. Last year alone we:

  • Recycled about 50 percent of our total generated waste
  • Reduced our energy consumption 3 percent
  • Purchased 10 percent recycled supplies
  • Diverted nearly 1,200 tons of waste from local landfills
  • Recycled over 14 tons of electronic waste through employee e-Waste days
  • Collected hundreds of cell phones, eye glasses, furniture, office supplies and cardboard boxes to donate to local charitable organizations

What began as a grassroots effort of a few employees has evolved into a broad company-wide commitment to develop and follow sound environmental conservation practices. There is more work to do, but our staff is up to the challenge of building on our progress with new ideas and initiatives – and continuing to do our part to make a positive impact on the environment and be good stewards of taxpayer dollars.

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