Eneco Secures Approval of Science-Based Targets for Carbon Cuts

World | Environmental Protection

Energy supplier Eneco Group has become the first Dutch firm to have its emissions reduction plans for electricity, heat and gas distribution approved under the Science-Based Targets (SBT) offshore windinitiative.

Announced yesterday, the company has committed to reducing greenhouse gas emissions per GWh from electricity consumed by its customers by 25 per cent by 2020, from a 2012 baseline.

Across the same timeframe, it has also set a target of cutting emissions from its gas and district heating offer by 16 per cent per household. And, for its own operations, the firm is seeking to reduce greenhouse gases per GWh of electricity used by its employees in half by 2020.

Guido Dubbeld, chief financial officer at Eneco Group, said the firm has already “substantially” reduced emissions from its purchasing, business operations and supply business thanks to investment in offshore wind, smart metering and other energy saving innovations.

“Worldwide agreements have been made to restrict global temperature rise to well below 2 degrees Celsius,” added Dubbeld. “Eneco has developed the One Planet Plan, with this plan we are challenging ourselves, our suppliers and our clients to operate within the limits of our planet.”

It follows the company’s acquisition of a minority interest in smart meter software specialist ONZO earlier this week in a bid to bolster its existing smart thermostat business.

The NGO-backed SBT initiative aims to encourage businesses to adopt emissions goals in line with the Paris Agreement’s stated aim of keeping global temperature increases well below 2C this century, and has so far secured the support of some of the world’s biggest corporations.

Eneco joins a list of companies that includes Walmart, Tetra Pak, Nestle, PepsiCo and Portuguese energy giant EDP – which had its targets approved last month – to have secured the seal of approval from the SBT committee.

So far 39 corporations have had their SBTs approved, while a further 178 companies have committed themselves to the SBT scheme and are working towards approval of emissions reduction targets.

Alberto Carrillo Pineda, leader of the SBT initiative, said setting science-based targets offered companies the opportunity to boost their competitive advantage in the transition to the low-carbon economy. “Companies like Eneco are choosing to lead the way in this transition because they are already seeing the benefits to their business including increased innovation, reduced regulatory uncertainty, strengthened investor confidence and improved profitability and competitiveness,” he explained.

Source: businessgreen.com