Sharp increase in corporate CO2 emissions per employee The main sources of corporate CO2 emissions per employee are business travel by air, company cars and energy use in offices occupied by Redevco. In 2009 we set ourselves the target of reducing carbon emissions to 4,842 kg CO2/employee by 2020, i.e. a 30% reduction compared with 2009 levels. In 2010 emissions increased to
CO2 emission account (kgCO2e)
8,203 kg CO2/employee. This was attributable mainly to the huge increase in the number of long-haul flights (see next page) and to an increase in energy use in offices occupied by Redevco. Redevco’s corporate CO2 account, excluding its investment portfolio, can be summarised as follows:
2008
%
2009
%
2010
%
Air – Domestic
55,805
3%
76,107
4%
90,998
4%
Air – Short-haul
257,846
13%
183,874
9%
169,702
7%
Air – Long-haul
375,131
19%
313,522
15%
729,601
30%
Business travel air - subtotal
688,782
36%
573,502
28%
990,301
40%
Business travel rail
15,907
1%
12,315
1%
21,754
1%
Company car (excl. commuter travel)
444,302
23%
393,936
19%
326,795
13%
1,148,991
60%
979,753
48%
1,338,850
54%
Private car/Motor cycle
61,168
3%
68,217
4%
66,128
3%
Company car (excl. business travel)
152,109
8%
209,836
10%
186,933
8%
0
0%
0
0%
0
0%
34,969
2%
50,710
2%
72,278
3%
248,247
13%
328,763
16%
325,339
13%
531,038
28%
732,139
36%
796,582
33%
1,928,276
100%
2,040,656
100%
2,460,770
100%
Business Travel
Total emissions business travel Commuter Travel
Walk/Cycle Public transport Total emissions commuter travel
Redevco aims to be carbon neutral By offsetting the carbon emissions we can directly influence, Redevco aims to be carbon neutral. The total carbon emissions averted and offset have increased over the past few years. In 2011 Redevco used the Gold Standard VERs it acquired to offset 2,470 tonnes of CO2 in 2010 for a wind-farm project in Turkey, located north of Izmir.
Office energy use Energy use in Redevco occupied offices Total corporate emissions before offsetting Aversion and offsetting Averted emissions through purchasing at green tariff
0
0
0
Purchased Voluntary Emission Rights (VERs)
1,933,000
2,041,000
2,470,000
Total averted and offset
1,933,000
2,041,000
2,470,000
-4,724
-344
-9,230
Total corporate emissions after offsetting Corporate CO2 emissions per employee [kgCO2/employee]
6,322
6,917
8,203
Redevco Corporate Responsibility Report 2010
27