- SAVINGS – Approximately £77 million
A national high street bank wished to realise cost efficiencies by fully outsourcing their energy and sustainability services.
Their commitment to Environmental Responsibility demanded that they find a partner that shared similar values, was able to work with them in a transparent and collaborative way, and could deliver an aggressive guaranteed savings target of approximately 263GWh of energy consumption before 2022.
As the client’s employee comfort is of utmost importance, it was key for their partner to deliver the required energy savings whilst ensuring no disruption to the bank’s service. The client’s environmental comfort policy would also need to be maintained throughout, ensuring that no complaints were raised.
We delivered an Energy Performance Contract that guaranteed savings, as well as utilities procurement, budgeting, reporting and bill validation services.
Our solution was supported by our Service Operation Centre in Bracknell, which allowed us to remotely measure, monitor and enhance the performance of the client’s building estate.
We provided our client with a dedicated energy and environment team, delivering an end-to-end service, from strategy to delivery, and an integrated service offering throughout all areas of the client’s UK property operations.
We also delivered an integrated Building Management System Controls service model and an industry-leading measurement and verification application to guarantee savings.
The client now benefits from a completely outsourced Energy and Environment function that holds the subject-matter expertise to deliver a unified end-to-end energy and environment strategy and service.
The Energy Performance Contract is set to deliver approximately £77m cumulative savings and benefits to the High Street Bank over the life of the contract.
Our team of subject-matter experts has consistently maintained 100% environmental compliance. We have also secured the client two successful re-certifications to the Carbon Trust Standard, as well as arranging a 10-year Power Purchase Agreement deal for the client to procure over 20% of its power demand from renewable sources.
Through continual reductions in energy consumption, the client can further commit to their ambition to be the best bank for customers.
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