Case Study
Aldermore Bank provides finance to business owners, homeowners and landlords, and supports savers. It is part of the Aldermore Group, which also includes MotoNovo Finance Limited.
Energy audits identified opportunities to reduce carbon emissions by 172.6 tCO₂e through no-cost and low-cost measures.
Zenergi has supported Aldermore Bank for several years, collating data and calculating and reporting on its annual energy consumption and carbon emissions.
A working group has been established between Zenergi and Aldermore Bank, with monthly meetings to ensure the implementation of the net zero strategy remains on track.
Installation of the recommendations is estimated to save Aldermore Bank £94,955.10 per annum.
Aldermore Bank was keen to build on its solid ESG and environmental commitments with the development of a strategic net zero roadmap. The bank appointed Zenergi as its specialist carbon partner to provide the necessary energy audits and carbon calculations to support the development of the strategy.
Zenergi has supported Aldermore Bank for several years, collating data and calculating and reporting on its annual energy consumption and carbon emissions for the Energy Savings Opportunity Scheme (ESOS) and Streamlined Energy and Carbon Reporting (SECR).
Aldermore Bank recognised the opportunity to consolidate its mandatory greenhouse gas reporting and build on it to develop its strategic net zero roadmap. Zenergi’s strong working relationship with the bank, success of previously collating and reporting on energy data, and 20+ years’ experience in helping customers achieve their energy and carbon saving objectives positioned Zenergi as the ideal partner.
Zenergi’s proven Measure, Prepare, and Deliver Zen Zero framework provided calculations of Aldermore Bank’s scope 1, 2 and 3 emissions for 2021-2022. Zenergi’s energy engineers then carried out energy audits across all of Aldermore Bank’s sites in the UK to develop a strategic net zero plan for the bank, including targets and pathways for scopes 1, 2 and 3.
The energy audits identified opportunities to reduce carbon emissions by 172.6 tCO₂e through no-cost and low-cost measures, including staff behavioural change; upgrading to LED lighting; installing timer switches; and updating building managements systems (BMS). Installation of the recommendations is estimated to save Aldermore Bank £94,955.10 per annum.
Aldermore Bank is now working towards a science-based target of being net zero by 2030 for scopes 1 and 2, with a reduction in purchased goods and services by 2030 for scope 3. A working group has been established between Zenergi and Aldermore Bank, with monthly meetings to ensure the implementation of the net zero strategy remains on track.
"Working with an expert partner has allowed us to move forward with confidence and we have already started to bring together a focused structure and plan to deliver our milestones. We would highly recommend Zenergi and their Measure, Prepare, and Deliver approach towards Net Zero.”
Tom Harding
Head of ESG and Sustainability
Aldermore Bank
Energy audits identified opportunities to reduce carbon emissions by 172.6 tCO₂e through no-cost and low-cost measures
Installation of the recommendations is estimated to save Aldermore Bank £94,955.10 per annum.
