Kingspan Insulation is supporting Carbon Neutral Adelaide because unless more action is taken by governments and corporates, the United Nations Energy Programme predicts that greenhouse gas emissions are set to double over the next 20 years. The building sector has an important role to play, contributing 30% of global annual greenhouse gas emissions and accounting for 40% of global energy consumption.
Kingspan Insulation CEO Gene Murtagh said: “Without more action from the corporate sector, greenhouse gas emissions will continue to rise and the impact of global warming will become a bigger threat for future generations.”
In 2011 Kingspan Insulation made a commitment to operate at Net Zero Energy company by 2020. In 2016, the company has already achieved a 57% net zero energy performance and a 26% reduction in carbon intensity. Lighting and heating costs have been reduced by over 30%.
Kingspan CEO, Gene Murtagh, said: “We are very pleased to have exceeded our targets on our path to operating as a Net Zero Energy company by 2020, hitting 57% renewable energy in 2016. In the five years since launching this initiative we have seen multiple benefits including reductions in costs, less reliance on fossil fuels and demonstrating the business case for our systems and solutions.”
Globally, Kingspan Group has taken a three-pronged approach to reducing its energy foot print: