Accelerating the net zero agenda in retail.
The retail industry as we know it is changing. Economic insecurity, unpredictable buying behaviours and environmental concerns are presenting new challenges for the sector to overcome. In this very competitive sector keeping energy overheads down and maximising sustainability is crucial. Additionally, at a time when consumers are in strong support of the environment and tackling climate change, retailers must take positive steps to decarbonise their operations to secure their future.
According to a study from the Carbon Trust, a 20% cut in energy costs can represent the same bottom line benefit as a 5% increase in sales. For retailers, understanding the efficiency of their premises and operations through accurate data ensures low consumption costs, mitigates wastage and overspending impacts on their bottom line.
The British Retail Consortium (BRC) has set targets to decarbonise stores by 2030, deliveries by 2035 and products by 2040, giving retailers a compelling reason to implement a net zero plan. Added pressure comes from supply chains, and their net zero targets for decarbonised logistics operations, and from consumers and employees who are calling for sustainable sourcing for products.
Implementing a good energy management and sustainability strategy is key to achieving these carbon reduction and energy saving goals across a retailer’s portfolio, new premises, and any retail expansion or diversification plans. With our support businesses can reduce their carbon emissions and consumption costs and achieve their sustainability targets helping to improve their green credentials, foster relationships up and down the supply chain and maintain a competitive edge.
Essential benefits for your organisation
- Improve profit margins by cutting energy costs and reducing overheads
- Comply with legislation and regulatory requirements
- Demonstrate your commitment to energy conservation and sustainable operations
- Reduce the maintenance costs of buildings, associated services, and equipment, prolonging the lifespan of assets
- Contribute to reducing environmental pollution
- Meet and exceed UK CO2 reduction targets
- Opens green finance potential
- Improves internal conditions for building occupants and visitors
- Helps support customer and staff retention.
Whether you operate shops, banks, shopping centres, supermarkets, cinemas or distribution centres, providing the best customer experience is key. However, consumer demand for sustainable and environmental practices is rapidly rising. In such a competitive sector, retailers must be transparent and accountable for their GHG emissions.
We work in partnership with retailers throughout the UK to help them to achieve their energy management and sustainability goals.
We recognise the challenges of managing and analysing large volumes of data, as well as working towards emissions targets, legislative compliance, and critical cost reduction.
Our range of products and services help organisations fulfil their energy management strategies, drive down GHG emissions, and simplify their Scopes 1, 2 and 3 reporting.
We also offer a suite of Tenant Billing solutions, including a fully outsourced service, billing software, and consultancy advice which can be specified as part of your own energy management.
Whatever your energy management objectives may be, you can be assured that we have the skills and expertise to help you achieve them.
Recommended services for retailers
Call 01908 690018 to learn more about how we can help the retail sector