SERIOUS MONDAY: FT AND CITIBANK ENVIRONMENTAL AWARDS

The Financial Times and Citi Private Bank announced the winners of their first Environmental Awards.

F.Hoffman la Roche (Roche) was the winner as the large cap company in Europe, Consolidated Edison (Con Edison) from the United States, Mackies, Ltd. A farming and food business based in Scotland was rewarded the most carbon efficient small/medium enterprise in Europe.

Carbon efficiency was measured by reduction of carbon emissions in operations when compared to turnover and compared to their peers. Trucost Plc. provided technical support and quantitative environmental impacts.

Roche

<!–[if !supportLists]–> <!–[endif]–>Improved carbon efficiency by 31%

<!–[if !supportLists]–> <!–[endif]–>19% reduction in direct emissions equating to a total reduction in emissions of 120,000 tonnes of CO2.

<!–[if !supportLists]–> <!–[endif]–>Roche adopted new building technologies and is holding a Best Practices Summit for its North and South American operations.

<!–[if !supportLists]–> <!–[endif]–>Roche is demonstrating a commitment to phasing out all halogenated hydro carbons from its cooling systems by 2015.

ConEdison

<!–[if !supportLists]–> <!–[endif]–>Improved Carbon efficiency by 20%

<!–[if !supportLists]–> <!–[endif]–>Reduction of direct emissions by 17% resulting in a total of 1.3 million tonnes of CO2.

<!–[if !supportLists]–> <!–[endif]–>Reductions were achieved by replacing old technology with natural gas burning combustion turbines.

<!–[if !supportLists]–> <!–[endif]–>Con Edison has committed to voluntarily reducing its Greenhouse gas emissions and has already achieved this by reducing its sulfur hexafluoride emissions by 62%

Mackies, Ltd.

<!–[if !supportLists]–> <!–[endif]–>Was awarded the small/medium enterprise award for its commitment to generating 100% of its energy needs through wind turbines.

<!–[if !supportLists]–> <!–[endif]–>The company produces a surplus of energy from its private wind turbines and supplies electricity to the national grid to power 1000 homes.

<!–[if !supportLists]–> <!–[endif]–>Its ability to generate its own energy requirements and supply renewable energy to the national grid, improved carbon efficiency of 70%.

European companies provided the most entries across a wide range of sectors, mostly large cap companies. National Grid, BT Group, Imperial Tobacco and Novo Nordisk made the final short list.

US entries were dominated by large cap companies from the high tech sector. Xerox and General Motors were commended.

FT and Citi also commended Asian Pacific companies but there were too few entries to usefully compare results.

“We were impressed by the quality of entries to these awards and the commitment shown by these businesses to tackling the challenge of carbon emissions. We congratulate this year’s winners for their schemes and dedication, and look forward to building on the success of these inaugural awards next year,” said John Ridding, CEO, and Financial Times.

Dawn

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