Post-Lead Paint - Some Serious Green
The consensus on Wall Street seems to be that the defendants will triumph in the lead paint public nuisance litigation - eventually. That's the rub: The When. Whenever that is, the stocks of defendants such as Sherwin-Williams, NL Industries, and Millennium Holdings will soar.
But that's only part of the serious green. The other part is that once the lead paint defendants are up from under the yoke of public nuisance litigation they will be expected to report on how they are creating products and processes that help save planet earth. After all, the business is chemical-intensive and involves global shipment of weighty materials.
The platform for that part is likely already being erected. But there's more. From a public-relations standpoint, I know that the public, consumers, government, NGOs, and even vendors want to hear about breakthrough developments aka technological ones.
For instance, on monster.com, a global paint company in Ohio is running a help-wanted for a Virtual Paint Technician. The job description reads:
"This position will deliver project processing by using Proprietary software to create projects in the Color Marketing Services group. Incumbent will be responsible for creating templates that are used to send to our clientele for color and design ideas."
Since the company placing the help-wanted is global, immediately what jumps out are:
- This virtual position is saving millions of gallons of oil that would have been used in jet, boat, and truck/car fuel.
- This position represents the beginnings of the Wiki-ing of the company's global best and brightest. Not only does this save in transportation costs but a cooperative model usually yields better i.e. green ideas that are cheaper for consumers.
- Technology is the DNA for doing more with less, i.e. less chemicals, less materials of all kinds, less risk to the environment.
Other sprouts of green in the paint industry? Here's what gets attention:
- Re-usable and/or biodegradable containers.
- Reduced shipping via sending ingredients that can be mixed in the plant or store vs. heavy gallons of paint and coatings transported long ways.
- Re-cycling centers for left-over paint and coatings. Consumers will be compensated for depositing the left-overs. And, eventually, applying technology to better calculate how much paint is needed for a job.
- Donating and/or discounting paint to neighborhoods in which foreclosed property has become a blight. Those purchasing homes will receive that benefit.
- Establishing the chemical industry's equivalent of the World Economic Forum to research and pool best green global practices. Monthly members will meet electronically through something like iChat to push for progress. The group's Wiki will be open to anyone who wants to share good ideas and know-how.
Paint companies wanting to tell us about doing serious green can leave a comment or contact Mgenova981@aol.com.