BT earns £5.3bn through its carbon-saving products and operations
The British telecommunications company, BT, has announced its earnings from carbon-saving operations and products last year.
Found in the Delivering Our Purpose sustainability report, the company noted it generated £5.3bn (US$7.02mn) through carbon-combative products.
BT generated approximately the same amount in revenue from the products as it did the previous year, accounting for around 22% of its annual returns both years.
The amount of carbon the firm helped customers avoid reached 11.3mn, however, up from 10mn in 2016.
The savings can be attributed to a higher reliance on renewable power and energy efficiency initiatives.
“This report shows that weʼre making good progress on our 2020 goals and that weʼre contributing to solving some of the bigger challenges we as a society will face over the coming years, from climate change to access to an inclusive approach to connectivity and growth,” commented Richard Marsh, Sustainabilty Reporting Director at BT.
One of BT’s largest commitments aims to see the firm encourage its customers to reduce carbon emissions by three times as much as its own end-to-end emissions by 2020.
Currently, the company’s 3:1 goal has reached a ratio of 2.2:1, up from last year’s 1.8:1.
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.