UK Businesses could waste over £30 billon worth of energy this year
A new report from eEnergy shared exclusively with CITY A.M. estimates 30 per cent of all purchased energy is currently wasted in commercial buildings, warehouses and education facilities. According to eEnergy’s calculations, this forecasts a staggering £33.9 billion worth of energy waste from UK businesses this year, enough to power Greater London for more than…
The Carbon Trust launches new net-zero certification for businesses
Ten companies including Virgin Media 02, and the gas distribution company SGN, will be trialling a new certification scheme called the ‘Route to Net-Zero Standard’, launched by The Carbon Trust. The new certification will be open to businesses of all sizes and sectors and will not be geographically bound. Businesses will be assessed on their emissions…
New report finds corporations over-reliant on carbon offsetting
The report was issued by the New Climate Institute and not-for-profit Carbon Market Watch and surveyed the net zero pledges of 25 major multinational corporations. Three companies (Maersk, Vodafone and Deutsche Telekom) were praised in the report for their deep decarbonisation plans to cover 90% or more of their whole value chain emissions by their…
NatWest launches green loans to help SMEs retrofit and embrace renewables
Recognising the lack of support available for businesses to achieve sustainability ambitions, NatWest has announced it is launching green loans, and through Lombard, green asset finance propositions for qualifying SMEs, with no arrangement fee. “Climate change is one of the biggest global challenges we face today, and SMEs have a critical role to play in…
UK Sales of electric vehicles set to almost double in 2022
A forecast from DriveElectric predicts UK sales of electric vehicles (EV) could almost double in 2022 to 330,000. Hybrid and pure EVs have all increased in sales last year. Sales of electric vehicles in the UK saw a significant increase in 2021, more than the five previous years combined, according to data collected by the…