- Mitie and Sustainable Development Capital LLP (SDCL) have launched a new partnership to support organisations wanting to roll out large-scale decarbonisation and energy efficiency projects for their estates, but are faced with significant upfront investment
- Mitie will use its engineering and energy management expertise to help customers design and manage their sustainability projects from end to end
- SDCL will seek to provide the capital to fund these projects and make them available for use by customers, with fees linked to an energy services contract
Mitie, the UK’s leading facilities management business, and Sustainable Development Capital LLP (SDCL), an investment firm specialising in energy efficiency and decentralised energy generation, have launched a new partnership to help both public and private sector organisations plan their decarbonisation roadmap and fund the low carbon equipment and technology they need to make their sites net zero.
Through this partnership, Mitie and SDCL will help organisations looking to roll out equipment, such as solar panels to generate renewable energy on site, as well as air and ground source heat pumps to switch buildings from gas to electricity-based heating systems, to decarbonise their buildings and improve their energy efficiency. With research showing that Finance Executives believe that limited expertise (50%) and access to capital (34%) are among the top factors limiting their business’ investment in decarbonisation1, this partnership will help remove some of the major roadblocks in many organisations’ net zero journeys.
Mitie will use its engineering and energy management expertise to help customers manage their sustainability projects from end to end, starting with the auditing of sites to collect baseline energy consumption and carbon emissions data to identify the right solutions for each building. Mitie will then use this roadmap to help its customers procure, install, and maintain the equipment to decarbonise and make sites more energy efficient. SDCL will selectively provide capital to fund the delivery and installation of the solutions identified by Mitie, so that organisations aren’t encumbered by large upfront capital investments. SDCL will maintain long-term ownership of the projects, making them available for use under an energy services agreement.
“Tackling the built environment is essential for decarbonising Britain. There are many technologies available today that are proven to help businesses reduce costs and carbon emissions from their sites, however large upfront capital costs mean that many are delaying their actions towards reaching net zero.
“This partnership with SDCL will help more businesses overcome these challenges and go further, faster towards their net zero transition while ensuring their operational costs stay on track. We look forward to using our energy management and engineering expertise to help customers with every aspect of their decarbonisation journey.”Pradyumna Pandit, Managing Director, Energy and Sustainability, Mitie
“Investing in decentralised and efficient energy solutions can contribute to over half of global carbon emission reduction targets by 2030. Onsite energy and energy efficient measures are commercially and technologically proven and capable of implementation at scale today.
“SDCL has worked with Mitie for many years and is pleased to be entering into a partnership to provide cheaper, cleaner and more reliable energy solutions to businesses.”Jonathan Maxwell, CEO and Founder, Sustainable Development Capital LLP
Mitie offers a wide range of sustainability services, enabling businesses to take a holistic approach to sustainability. Decarbonisation projects can be designed to help organisations make the most out of the funding while ensuring that they can be incorporated into their wider net zero strategy, covering fleet, waste management and landscaping.
This initiative is part of Mitie’s Plan Zero commitment to reach net zero for its operations by 2025 and to help its customers implement solutions to reduce their carbon emissions. Mitie has helped customers cut over 353,000 tonnes of carbon, the equivalent to around 11 times Mitie’s own annual emissions, in the last decade. Mitie has also announced that it will be rolling out solutions to decarbonise four of its properties by the end of the Financial Year 2022 and to make an additional 14 sites net zero every year until all its portfolio of more than 50 buildings have been decarbonised.
Notes to editors
Organisations interested in more information should visit www.planzerocarbon.com
1. Research of 100 people responsible for sustainable investment in their business carried out by Verdantix in June 2021 on behalf of Mitie
Eligibility for the SDCL programme will be assessed on a case-by-case basis.
Founded in 1987, Mitie’s job is to look after places where Britain works and is the leading facilities management company in the UK. We offer a range of services to Central Government and Defence customers; Communities (Healthcare, Education and Local Authorities); and Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning and Office Services) to Private Sector clients in Financial Services, Manufacturing, Transport, Retail and Telecoms and increasingly to the public sector. Finally, our Specialist Services (Care & Custody, Landscapes and Waste Management) division serves both the public and private sector in these niche businesses.
Mitie acquired Interserve’s FM business in December 2020 and now employs 75,000 people we are the champion of the ‘Front-Line Heroes’ who have kept Britain working during the COVID-19 pandemic. We take care of our customers’ people and buildings, through the ‘Science of Service’, delivering essential services and deploying industry leading technology to create safe and effective workspaces.
The business continues to execute its technology-led strategy and in the past six months has received multiple awards.
Sustainable Development Capital LLP (“SDCL”), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.
SDCL is headquartered in London and also operates worldwide from offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.
Further information can be found at www.sdclgroup.com
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