In compliance with the Global Reporting Initiative (GRI), ABM Industries Incorporated (ABM - Analyst Report) 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 Jones.
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 period.
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 intangible assets.
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 Accenture plc (ACN - Analyst Report), AMN Healthcare Services Inc. (AHS - Snapshot Report) and Barrett Business Services Inc. (BBSI - Snapshot Report) are worth considering. While Barrett carries a Zacks Rank #1 (Strong Buy), Accenture and AMN Healthcare each carry a Zacks Rank #2 (Buy).