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Stagecoach Group today (15 April 2010) launched a new sustainability strategy with a plan to further reduce the carbon emissions from its transport operations in the UK and North America.
The transport group is backing the new strategy, Revolution in the Way We Travel, with an £11m investment programme and a range of targets for its bus and rail businesses.
Stagecoach Group is targeting an overall reduction of 8% in buildings CO2e emissions and a cut of 3% in annual fleet transport CO2e emissions. It follows a reduction in the carbon intensity of its UK businesses of 5.7% in the three years to 30 April 2009
It is estimated the new five-year programme, from 2009-10 to 2013-14, will save a total of nearly 150,000 tonnes of CO2e, with the Group’s annual emissions reduced by around 40,000 tonnes CO2e by April 2014.
Stagecoach’s carbon reduction initiatives include:
Brian Souter, Stagecoach Group Chief Executive, said: “We have made significant progress in recent years in reducing our carbon footprint, but we believe more needs to be done. That is why we have developed a five-year investment programme with stretching targets for improvement. We look forward to working in partnership with our customers and our stakeholders to make a real difference in the local communities we serve.”
Earlier this year, Stagecoach Group was awarded the prestigious Carbon Trust Standard after taking action on climate change by measuring and reducing its carbon emissions. Stagecoach is the first Scottish-based transport group - and one of only two listed UK public transport operators - to have achieved the stretching carbon reduction benchmark. It covers all of the Group’s bus and rail operations in the UK.
The company already reports annually on its carbon emissions and discloses its global carbon footprint to the Carbon Disclosure Project, the world’s largest corporate greenhouse gas emissions database
Stagecoach has won a number of awards in the past year for its environmental initiatives. It was named Best Green Travel Provider at the inaugural 2009 Scottish Green Awards as well as being recognised for the Best Green PR Campaign. The company’s groundbreaking BioBus initiative – which involves running buses on recycled cooking oil – was also a winner at the 2009 VIBES (Vision in Business for the Environment) of Scotland Awards.