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05.10.2018, 10:41

Majority of C-suite Executives Yet to Set Carbon Targets

Company News, Energy Management, Energy Management and Conservation, Energy, Water & Waste, EMEA
The latest YouGov research has revealed that 61 per cent of C-suite executives and energy managers in the private sector have not set out a target to reduce their carbon emissions, despite the fact carbon savings nearly always mean financial savings.

 

Based on the responses of 848 C-suite executives and energy managers this result is all the more surprising given the fact that 73 per cent rank sustainability as being very important for their organisation. The findings have been released by Veolia, the UK’s leading resource management company, to coincide with the launch of their ‘Tackling Energy Efficiency in Buildings’ whitepaper.

 

Among respondents with an energy spend of over £2 million per year 45 per cent thought the condition of their buildings were just OK or poor. Yet investments in improving energy efficiency provide a quick return on investment in the form of energy and utilities cost savings.

 

With the impact of Minimum Energy Efficiency Standards (MEES) and Energy Savings Opportunity Scheme (ESOS) Phase 2 regulations coming into force, the research highlights the importance for businesses to develop robust long-term energy efficiency plans. This will be further emphasized by the government plans to require businesses to report their CO2 emissions from 2019.

 

Nick Painter, Head of Energy Efficiency at Veolia UK, said:

“Building efficiency plays a significant role in improving productivity yet this latest research backs our experience that sustainability aims are not always matched by action. We know that real benefits come from adopting a site-wide approach and going beyond small retrofits such as LED lighting.

 

“Under-investment, both financial and time-related, is leaving a yawning gap between the ideals of the corporate sustainability policy and the reality on the ground. We hope this report acts as a wake-up call for business and spurs quantifiable improvements that move the debate beyond words and into action. More importantly businesses are missing out on significant cost savings as energy prices continue to rise – savings that will make a positive impact on their bottom line and their CR reports”.

 

 

Professor Nick Voulvoulis, Professor of Environmental Technology, Centre for Environmental Policy, Imperial College London added: “Cities of the future will have to be more resource-efficient, resilient, sustainable and environmentally friendly. However, it is the choices we make today that will allow for these. Improving the energy efficiency of buildings can help alleviate many of these challenges - from climate change to public health problems to unemployment and poverty”

 

Veolia’s energy services are specifically designed to identify the carbon footprint of sites and buildings, reduce consumption and utilise sources of clean energy. Backed by Hubgrade, Veolia’s smart energy management centre, the services include energy and environmental auditing, operational energy efficiency and strategies that cover the application of modern control technology, installation and management of energy plant.  These use the latest building management systems, hot water, HVAC, lighting, energy procurement, insulation, lighting, refrigeration, combined heat and power, sustainable energy, compressed air, demand-side management and bill validation. Combining these with effective maintenance and smart metering keeps savings on track, and can also guarantee them and provide a solid investment business case for building users.

 

The White Paper, Tackling Energy Efficiency in Buildings’  is based on research from the responses of 848 C-suite executives and energy managers and is available on from www.veolia.co.uk/services/energy-efficiency-buildings.

 

For more information visit www.veolia.co.uk.

 

 

About Veolia UK

Veolia is committed to protecting the environment and improving the lives of the communities in which it operates. Veolia has been awarded two of the UK's most prestigious business accolades for its role as an environmental and social sustainability leader. It was recognised in 2016 as Business in the Community's Responsible Business of the Year, and in 2014 it was awarded the Queen's Award for Enterprise in Sustainable Development.

 

 

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