Bupa's Energy Saver Fund and Internal Carbon Pricing

Bupa's Energy Saver Fund and Internal Carbon Pricing

  • Overview

    Summary

    Bupa has established a £50m investment over 2014 and 2015 into low carbon and energy saving technology. This fund will help to deliver our absolute carbon reduction target of 20% by 2015 (2009 base).

    Bupa has also established an internal carbon charge on emissions from business flights for 2014.

    This is the first step towards embedding the true cost of pollution into our capital approvals and decision making by 2020. We will further explore carbon pricing and how to embed carbon into core business decisions in 2014 and 2015 and this can deliver more low carbon behavior change and projects inside Bupa.

    Our current carbon charge is funding two offset projects, one in Peru is financing efficient low emission cook stoves, which reduce air pollution and the associated damage to heart health

    Commitment Target(s)
    • 2014 – Establish internal carbon price on business flights in 2014

    • 2015 – Implementation of all Energy Saver Fund projects within 2014/15 timeframe.

    • 2015 – 20% CO2 reduction by end 2015 (2009 base)

    • 2015 – Explore carbon pricing and how to embed carbon into core business decisions in 2014 and 2015 and this can deliver more low carbon behavior.

    • Supporting resources

      Progress on Energy Saver Fund implementation, carbon reductions, and internal carbon pricing will be publicly reported in Bupa’s Annual Report.

      Sustainable Development Goals
      1. No poverty; 3. Good health and well-being; 7. Affordable and clean energy; 9. Industry, innovation and infrastructure; 10. Reduced inequalities; 11. Sustainable cities and communities; 12. Responsible consumption and production; 13. Climate action; 14. Life below water; 15. Life on land
      Issue areas
      Biodiversity; Climate Change; Energy; Health; Poverty; Principle 7; Principle 8; Principle 9
      Industry sector(s) that apply to this commitment
      Health care equipment & services
      Country(s) where this commitment will be implemented
      GLOBAL

      Partners

      Names of committing organisations

      Note: All organisations listed above are accountable for the commitment made. These organisations are required to complete an annual communication on progress for the duration of the commitment, either jointly or individually, as laid out in the accountability section of the submission form.