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Keysource Blog

Sustainability increasingly critical for businesses

Sep 17, 2019 4:23:01 PM

A number of key developments in the sector mean that sustainability is increasingly high on the agenda and at Keysource we are seeing a significant shift in attitude. It started as companies began to see real cost benefits as a result of changing to more efficient cooling and power solutions and continued as they faced the reality of fines and penalties. This coincided with a groundswell of public awareness around the impact of businesses on the environment with high profile campaigns from organisations including Microsoft and LinkedIn.

Today we are seeing organisations genuinely implementing sustainable business measures not just to save money but also a part of a “Responsible Business” strategy. In some cases, this is being used as a marketing strategy to appeal to customers who are increasingly engaged in this area and rate it a priority alongside price and service delivery. We are also seeing a focus on sustainable design in the project specification which can include the ability to operate without water, energy storage systems redundancy and monitoring, and 100% renewable power from local, new, renewable projects.

However, when Innovate UK recently undertook a building performance evaluation review it highlighted that most buildings were significantly underperforming against expectations. In the non-domestic sector, average total carbon emissions were 3.8 times higher than the average design estimate. Perhaps a BPE study for critical facilities would be valuable to helping the UK meet its 2050 Net zero target and could help underpin an accurate energy certificate to further incentivise businesses to look at sustainable approach? It is also worth noting that just because a building isn’t performing as it was designed doesn’t mean its destined to be inefficient.

Finally, accurate and regular reporting also remains extremely important with the introduction of SECR (streamlined energy and carbon reporting) attracting similar penalties to those associated with non-compliance of financial reporting. SECR builds on, but does not replace, existing requirements that companies may face, such as mandatory greenhouse gas (GHG) reporting for quoted companies, the Energy Saving Opportunity Scheme (ESOS), Climate Change Agreements (CCA) Scheme, and the EU Emissions Trading Scheme (ETS). SECR extends the reporting requirements for quoted companies and mandates new annual disclosures for large unquoted and limited liability partnerships (LLPs).

At Keysource we are committed to supporting our clients’ sustainable goals, whatever their drivers.

 

Topics: Energy Consumption, CO2 Emissions, Carbon Footprint, Sustainability, Thought Leadership

Ted Pulfer

Written by Ted Pulfer