In compliance with the Global Reporting Initiative (GRI),
ABM Industries Incorporated
) recently released its report on Corporate Sustainability
efforts for fiscal year 2012. The report contains detailed
information about the company's practices related to Corporate
Social Responsibilities (CSR) for both employees and clients.
The report divulged that as on Oct 2012, ABM served around 351
buildings, which are LEED (Leadership in Energy and Environmental
Design) Certified green projects. Additionally, it highlights
ABM's success in fulfilling its commitment to expand services in
key markets by acquiring Air Serv, HHA Services and Calvert
The report also observes that ABM's Bundled Energy Solutions
program managed to bring down its clients energy usage by 28.6%,
thereby saving $3 million of client's energy costs. In the
report, ABM also stressed that it is currently working under
numerous projects to provide advanced energy-related solutions.
ABM's contract with Wright State University (WSU) is expected to
curtail the university's energy consumption by 40%, helping it
save a whopping $35.8 million in energy costs over a 15-year
ABM's commitment as a responsible corporate entity is
noteworthy. We appreciate the company's initiatives to engage in
business activities that meet market demand, while ensuring a
sustainable future for its stakeholders and the community as a
whole. ABM's CSR leadership is expected to enhance the company's
goodwill, thereby increasing the intrinsic value of its
The company is a leading player in building and maintaining
services and provides solutions in engineering, lighting,
commercial cleaning, energy solutions and parking and security to
commercial, industrial and institutional customers.
ABM currently carries a Zacks Rank #2 (Buy). Other leading
players in the business services sector such as
AMN Healthcare Services Inc
Barrett Business Services Inc
) are worth considering. While Barrett carries a Zacks Rank #1
(Strong Buy), Accenture and AMN Healthcare each carry a Zacks
Rank #2 (Buy).
ABM INDUSTRIES (ABM): Free Stock Analysis
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