Go-Ahead, one of the UK’s largest transport companies has claimed that it spends more on it’s energy bills than it earns in company profits.
The group runs a number of UK rail and bus firms which have more than 800 trains and 4,600 buses.
Group Environment and Energy Manager, Chris Grinsted said: “We spend upwards of £120 million a year on our energy bills which is more than our annual operating profit and it’s just going to increase.”
The annual profit last year was £103.2m.
They are looking for sustainable measures to improve their finances. Mr Grinsted added: “Sustainability at this level is just business sense, it’s practical.“Potentially, it’s a business critical issue to ensure we use it as efficiently as possible.”
He also said transport emissions account for around 20% of CO2 in the UK and “the only way of effectively tackling it is going to be via public transport”.This is “potentially a huge opportunity” for the company.
He added: “We need to make sure we’re in a position to maximise that.“90% of our carbon footprint comes from us using our trains.
“If you’re managing sustainability then it seems as though you are managing everything else well.”