The latest corporation to join the LED revolution is Santander – the UK’s 5th largest bank, with 800 branches and 14 office buildings nationwide. A £17.5m investment by UK Green Investment Bank and Sustainable Development Capital will be the country’s largest ever energy efficient lighting retrofit project.
Energy and Climate Change Secretary Amber Rudd praised the project as a great example of the way companies can take practical steps to cut greenhouse gas emissions. “We need research, innovation and serious private sector interest in clean energy technology to make real progress in transition to a global low carbon economy.”
A total of 90,000 new LED bulbs are to be installed across Santander’s entire estate. The project will generate energy savings of more than 50% and cut greenhouse gas emissions by more than 7,000 tonnes each year, the equivalent of removing 3,000 cars from the road. Santander says the improvements to the quality of lighting will also enhance the customer experience.
Ed Northam, Head of Investment Banking, UK Green Investment Bank, said: “The relatively simple action of installing LED lighting can have a big impact on efforts to reduce the cost of electricity and cut energy demand while creating a better environment for customers, clients and employees. Santander has recognised this, and should be congratulated for sending a signal to corporate UK that energy efficiency makes good business sense.”
Chris Richold, Director, Santander, said “Santander has been keen to demonstrate leadership in environmental sustainability and finance. There are fewer better ways to do so than to conduct and finance an energy efficiency upgrade throughout our entire UK estate. We look forward to working with SDCL and GE to help replicate similar solutions for our clients in the UK and around the world.”
An LED retrofit can massively reduce the cost of electricity and increase energy savings, whilst creating an improved environment for customers and employees. We hope that more UK corporations recognise Santander’s efforts in creating positive change, and decide to make the switch to LED.