Today GSK issued its 2010 corporate responsibility report, an annual summary of our commitments to conducting business based on strong values and ethical standards. While the report covers a range of issues and topics, the one I am proudest to see is the Company's new commitments to sustainability, including an ambitious target to become carbon neutral by 2050. We realize that may seem a long way away, but the fact is that the pharmaceutical industry is a significant producer of green house gases and there is a lot of work to be done to get us to our goal. Changes we make today to address this will have an impact on generations to come.
Along the way we've set interim targets, including reducing GSK's overall carbon footprint by 10% in the next four years and by 25% by 2020. We are also aiming to reduce GSK's operational water consumption by 20% by 2015 and to reduce the waste we send to landfills by 25% by 2015 and to zero by 2020.
Going green isn't just good for the environment, it's good for business. The company estimates it can save £100 million per year by 2020 through reduced energy, materials and distribution costs.
We believe we are the first pharmaceutical company to announce a carbon neutral target across all of our operations, and we recognize the need to take a stepwise approach. Changes are being made across the entire organization--and throughout our supply chain--including making our buildings and equipment more energy efficient, installing on-site renewable technologies, and encouraging the use of collaborative information technologies to reduce the need for business travel. In 2010, we installed North America's largest rooftop solar array at our consumer healthcare regional distribution center in York, Pennsylvania.
Earlier this year, GSK announced that it would be moving its Center City Philadelphia operations to a new, environmentally-friendly building in the city's Navy Yard. I'm excited about the steps we're taking towards sustainability and look forward to helping GSK meet the environmental challenges that face us all.