Key findings:
- To date, EP100 members have reduced their emissions by 395 million metric tonnes of CO2e, more than the current annual emissions of the UK and Belgium combined. Saving $1.6 USD billion since the implementation of energy efficiency measures.
- Last year alone, EP100 members reduced 54.4 million metric tonnes of CO2e, that’s equivalent to the emissions from the electricity consumed by 10.5 million homes in the US.
- In 2023, three EP100 members reported hitting their EP100 energy efficiency targets.
Unlocking energy security and global climate ambitions
The necessity of accelerating energy efficiency alongside renewables was recognised at COP28, where 123 countries committed to doubling the annual rate of energy efficiency improvement, from 2% to over 4% every year until 2030. This is global recognition, of the highest order, that smarter energy use is critical to a sustainable and more certain future.
In the report Toby Morgan, Senior Manager, Built Environment, calls on governments and corporates to meet the challenge set at COP28: “The built environment stands at the forefront of the battle against climate change and the drive towards global energy security – energy efficiency is key to winning that battle.”
EP100 members are taking up the challenge through measures such as, implementing more efficient manufacturing and construction processes, installing LED lighting, constructing more energy efficient buildings, taking on deep building renovations, and offering energy efficiency guidance packs to tenants to help improve resident energy use.
