Three companies – Metron, Dalkia and Amazon Web Services (AWS) – together with BNP Paribas, have joined forces to launch a unique European programme aiming to decarbonise the industrial sector through energy efficiency savings and sobriety.
The programme, launched on 23 November and named Decarb Fast Track, has been co-designed to subsidise easy access for 100 selected industrials to an energy management and optimisation toolbox for industrial facilities, helping them to reduce their consumption and reach a collective ambition of avoiding up to 100,000 tonnes of CO2.
Programme roadmap ahead
The programme has been jointly designed to subsidise easy access for selected corporates to an energy management and optimisation digital solution for industrial facilities.
Applications are now open for companies with industrial sites located in Europe and representing moderately emitting sectors, such as food and beverage, plastics and semi-conductors, chemistry and pharmaceuticals, pulp and papers, mining, metal and glass. Companies will be selected by an expert committee.
The 100 chosen companies will receive subsidised access to an innovative energy management and optimisation toolbox. This includes the implementation of an innovative Metron energy management solution, hosted on the AWS cloud at selected sites, and enabling the monitoring and analysis of consumption and emissions in real time.
The programme offers the opportunity for companies to receive tangible and measurable results in a short period of time. Participants are expected to achieve energy savings of up to 10% per site, and set out a framework for further results.
Selected sites will also receive personalised support from experts, who will identify, implement and finance energy performance projects over the lifetime of the programme, and companies will have access to shared intelligence and best practice through a community of peers.
Energy sobriety is key
Against the backdrop of energy scarcity and price inflation, energy sobriety is becoming a key lever and foundational principle to achieve supply chain autonomy and profitability on the road to net zero.
Companies in the industrial sector is reducing energy intensity using digital innovations across their operations. This is one of the most cost-effective measures to reduce Scope 2 GHG emissions within a relatively short period, whilst bringing tangible value to business in savings on energy expenses.
Commitments through KPIs related to energy efficiency are also becoming mainstream within sustainable financing frameworks, and can act as a further catalyst to the energy transition.
The Decarb Fast Track programme aims to help accelerate the decarbonisation of the industrial sector and inspire more industrial players to implement energy optimisation strategies, a powerful and accessible lever for the energy transition.
Accelerating energy efficiency is a vital aspect of implementing the transition towards net zero. Through the Decarb Fast Track programme, we are supporting leading industrial companies to scale up their climate action efforts, which is increasingly important in the current energy context.Antoine Sire, Head of Company Engagement, BNP Paribas Group
How BNP Paribas is supporting corporate energy efficiency
BNP Paribas has been an early advocate of energy efficiency as a crucial driver for decarbonisation across industrial operations and is committed to support energy optimisation initiatives across regions and sectors. As a key partner of the Movin’On Lab, a Michelin initiative, BNP Paribas led a community of interest on energy efficiency.
The Bank is at the forefront of mobilising finance to support clients implementing their net zero strategies. Recent sustainable finance support targets reductions in greenhouse gas emissions, and includes:
- L’Oreal’s launched inaugural €3 billion bond with sustainability-linked tranche targeting emissions reduction from sites;
- Tesco’s €750mn benchmark 8.5-year Sustainability-Linked Bond (SLB) targeting greenhouse gas emissions reductions;
- HP’s US$5 billion, five-year revolving credit facility structured as the company’s inaugural sustainability-linked loan (SLL), and a US$1 billion, 10-year sustainability notes offering targeting Scope 1 and 2 emissions;
- Lundbeck’s €1.5 billion four-year sustainability-linked loan (SLL) targeting Scope 1 and 2 emissions;