Back in August, the U.S. Securities and Exchange Commission ordered public companies to make most proxy materials available online and notify investors they could access those documents at corporate websites. For Sun Microsystems, the rule has been a boon for the environment and the bottom line. More than 90 percent of Sun’s (JAVA) investors preferred to view the docs online, according to the Silicon Valley computer and software company. That meant Sun was able to slash the number of printed copies of proxy materials for its 2007 annual shareholders meeting from 800,000 to 75,000. Printing nearly 100 million fewer pages translates to saving 11,964 carbon-absorbing trees, according to the Environmental Defense Paper Calculator.
Sun Investors Go Paperless
October 22, 2007 by Todd Woody