Kingspan Celebrates Beating Net Zero Energy Targets
Kingspan announced it has beaten its target of generating at least half its aggregate energy use from renewable resources by 2016. Kingspan’s aggregate renewable energy use was 57 percent of its total energy use in 2016, meaning the company is firmly on track to hit its goal, set in 2011, of operating at Net Zero Energy (NZE) by 2020.
Kingspan’s North American operations have successfully passed the half way mark, as well, by also reaching 57 percent of total renewable energy use. Each individual manufacturing site, which includes panel, flooring, insulation, daylighting and solar integrated building envelope solutions, are pursuing regionally appropriate energy conversation and renewable measures. The Winchester, Va. Kingspan Insulation facility performed well above average at 74 percent of its total energy use from renewable resources in 2016.
Globally, Kingspan Group has taken a three pronged approach to reducing its energy foot print:
The building sector contributes 30 percent of global annual greenhouse gas emissions and accounts for 40 percent of global energy consumption. Unless more action is taken by Governments and corporates, the United Nations Environment Programme (UNEP) predicts that greenhouse gas emissions are set to double over the next 20 years.
Commenting on beating the 50 percent NZE milestone, Russell Shiels, President of Kingspan North America said:
“The Kingspan team in North America has worked hard to deliver on the company’s net zero energy targets. We have succeeded because every part of the business pulls its weight and makes reducing Kingspan’s carbon footprint a key business objective. In the United States we have taken particular pride in our DeLand, Florida facility reaching the 80% renewable mark in 2016. The DeLand facility also serves as our North American panels business headquarters and is a great example of Kingspan’s global ambition.
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 percent 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. 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.”
Kingspan has been able to achieve its goals, reducing its impact of the environments, while growing its business at a record pace through acquisitions and strong organic growth. Kingspan now has over 10,000 employees and more than 90 manufacturing plants operating across the world. In North America, Kingspan employs over 1500 staff across 16 manufacturing and distribution facilities.
Kingspan’s environmental achievements have been recognized through its A List ranking on the CDP Climate Performance Leadership Index, for the second year running. It is the only Irish-listed company recognised on this index compiled at the request of 827 investors who represent $100 trillion of assets under management. Kingspan is also a member of the RE100, a group of some of the world’s best known companies committed to using 100 percent renewable power.