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UBS ranked number one in CRC Energy Efficiency league table

Zurich | | Corporate Responsibility

 

UBS was recently ranked joint number one in The Environment Agency's new performance league table ranking over 2,000 organisations in the UK according to early actions metrics by installing smart meters and satisfying the requirements of the Carbon Trusts Standard (CTS) for good energy management.

The CRC Energy Efficiency Scheme (CRC) is a mandatory UK emission trading scheme aimed at large organisations who use more than 6,000MWh of electricity a year.

The scheme, which was launched by UK Government in April 2010 aims to reduce carbon emissions through energy efficiency. UBS submitted its first Annual and Footprint reports for 2010/2011 in July this year. The reports are a summary of UBS’s emissions from electricity and gas supplies. In total, we consumed 116,620,217kWh of electricity and 12,691,851kWh of gas, which emitted a total of 65,450 tonnes of CO2. For comparison, an average UK household emits six tonnes of CO2 per year.

Being at the top of the table means that UBS already has good voluntary Automatic Meter Reading (AMR) coverage and energy management is certified by the Carbon Trust. To stay at the top of the table, UBS has to make sure that certification with CTS is maintained and more importantly, we need to show a reduction in absolute carbon emissions year-on-year.

Last year, we set a target to reduce electricity consumption by 10 percent against the previous year. In the UK, we achieved 7 percent reduction through no and low cost measures. This year, we have set a further 10 percent reduction (based on 2010 figures), a challenging target that the UK CREAS team hopes to be able to reach. However, this ambition will only be achievable with the support, involvement and contribution of everyone in the business.

The challenge to maintain a high rank on the CRC league table next year is ahead of us. Cutting carbon emissions and ensuring a sustainable future for our business is a priority and we will continue to identify new areas to reduce energy consumption bringing tangible, significant cost savings to our business.

The Environment Agency’s Director of Environment and Business Ed Mitchell said he was encouraged to see that six out of 10 organisations taking part in the scheme have taken steps to improve their energy management. He added: ‘The UK needs its high-street shops, major businesses, councils, government departments and other big energy users to use less electricity to help meet tough carbon reduction targets. The scheme encourages all big organizations to measure and reduce energy which in turn should also save them money and help cut the UK’s carbon footprint.’

By publishing the carbon footprint figures for public viewing, the Environment Agency is making energy efficiency a reputational issue for the 2000+ organisations that are taking part, including major supermarkets, retailers, restaurant chains, hospitals and government departments and thus creating a further incentive for sustainable energy management strategies.

Future league tables will be based on all participant’s efforts to improve their energy efficiency.