Carbon Dioxide Emissions
As a result of the CRC Energy Efficiency Scheme we are now able to include carbon dioxide emissions from across the Legal & General Group.
In 2011/12 we have extended are carbon reporting to Include carbon emissions data from the following business divisions:
UK occupied properties
Legal & General Ventures
Legal & General Investment Properties
Suffolk Life (offices & SIPP properties)
International Offices (France, Netherlands & USA)
Legal & General Estate Agencies
All Legal & General’s energy use was reported together in response to the CRC Energy Efficiency Scheme. Data from across the Group has been used to set targets for 2012-2014.
The CRC Energy Efficiency Scheme uses financial penalties related to each tonne of carbon emitted to encourage organisations to use energy more efficiently.
We now understand the number of carbon credits we’ll need to buy in July 2012 to cover our emissions. At the current rate of £12 per tonne of carbon we estimate an annual cost of £394,848 for the year 2011/12.
Global Energy Use
Our office emissions have reduced 23% since 2008, this reduction has come through ISO14001 certification and headcount reduction. Business travel is managed through our green travel policy, budget control and education.
It has been encouraging to see more staff using trains. Car-based business mileage is down 4.4% since 2010 and rail use increased by 9% over the same period. We’ve also seen a reduction in domestic and European air travel (decreased by a total of 1.7% since 2010), offset by an increase in long haul flying, which is up 28% since 2010. This was expected due to our overseas expansion programme where the priority is to get good governance processes in place early in the relationships.
Targeted Carbon Dioxide (CO2) Emissions (UK Energy and Business Travel)