European Metal Recycling Limited (EMR) is a leading recycling company based in the United Kingdom that operates in the Recycling Facilities sector. The company specializes in the recycling of scrap metal, end-of-life vehicles, and other metal-based products. EMR has a global presence with operations in over 150 locations across the world, including the United States, Europe, and Asia.
EMR is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050. To achieve these targets, EMR is investing in renewable energy and energy efficiency measures across its operations.
One of the key initiatives that EMR has undertaken to reduce its carbon footprint is the implementation of corporate power purchase agreements (PPAs). A corporate PPA is a long-term agreement between a company and a renewable energy provider to purchase a fixed amount of renewable energy at a fixed price. By entering into a corporate PPA, EMR is able to secure a reliable and cost-effective source of renewable energy, which helps to reduce its reliance on fossil fuels and lower its carbon emissions.
EMR has already signed several corporate PPAs with renewable energy providers across the world. For example, in 2020, the company signed a 15-year PPA with Norwegian renewable energy company Statkraft to purchase 100% of the electricity generated by the 200 MW Ventos de Santa Eugenia wind farm in Brazil. This PPA will enable EMR to reduce its carbon emissions by over 500,000 tonnes over the lifetime of the agreement.
In addition to corporate PPAs, EMR is also investing in on-site renewable energy generation. The company has installed solar panels at several of its facilities in the UK, which generate renewable electricity that is used to power its operations. This helps to reduce the company's reliance on grid electricity, which is often generated from fossil fuels.
EMR is also investing in energy efficiency measures across its operations. The company has implemented a range of initiatives to reduce energy consumption, such as upgrading lighting systems, installing energy-efficient equipment, and optimizing production processes. These measures not only help to reduce the company's carbon footprint but also lower its energy costs, which improves its bottom line.
EMR's commitment to decarbonisation and renewable energy is reflected in its corporate energy strategy. The company has set a target to source 50% of its electricity from renewable sources by 2025, and 100% by 2030. To achieve this target, EMR is exploring a range of renewable energy technologies, such as wind, solar, and biomass.
EMR's commitment to decarbonisation and renewable energy is not only good for the environment but also for its business. The company's focus on sustainability and energy efficiency helps to reduce its operating costs, improve its bottom line, and enhance its reputation as a responsible and sustainable business.
In conclusion, European Metal Recycling Limited is a leading recycling company based in the United Kingdom that operates in the Recycling Facilities sector. The company is committed to decarbonisation and reducing its carbon footprint, and has set ambitious targets to achieve net-zero emissions by 2050. EMR is investing in renewable energy and energy efficiency measures across its operations, including corporate PPAs, on-site renewable energy generation, and energy efficiency initiatives. EMR's focus on sustainability and energy efficiency not only benefits the environment but also its business, by reducing operating costs, improving its bottom line, and enhancing its reputation as a responsible and sustainable business.