IPO = deforestation

September 28, 2006

It was on the newspaper few days ago that during the last 6 months there were 15 major IPO in Hong kong. On average each prospectus has 616 pages and weighs 1.36kg and there were total of 660,000 copies printed. Paper consumption was 919 tons which equates to 15,000 trees.

It is easily understood that there are legal concerns behind making these prospectus available to potential subscribers but I see no excuses for these companies doing IPO not to attempt reducing paper use. As usual no organisation assumes responsibility of wasting paper.

If there is a will, there is a way!

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