Case Study:
Bank of Ireland uses Advisor to achieve a €10 Million Energy Cost Reduction.
Bank energy monitoring: 8-10% Energy Savings & 92% ROI in 1st year.
In recent years, like other retail companies Bank of Ireland have focused on outsourcing of facilities management in order to reduce cost, however energy has remained an un-managed cost. Investments in bank energy monitoring and analysis will increase the effectiveness of business operation activities. A target of €450,000 is savings bank energy monitoring was set for the first year.
Challanges:
Bank of Ireland became the first financial institution in Europe to have attained external certification to ISO50001/EN16001. ResourceKraft Advisor has provided comprehensive auditable carbon data for these ends.
Bernard Higgins, Bank of Ireland’s Group Facilities Manager, Liam Relihan, CEO of ResourceKraft, Frank Casey, Vice-President Business Development ResourceKraft.
Benefits:
“It makes absolute business sense, ResourceKraft is delivering control of energy and water costs, like ERP does on managing our other business costs.”
Report card:
- Make energy savings
- Reduce carbon & meet sustainability targets
- Manage utility costs
- Maintain top-level support & service expected of a world-class financial institution
- Engage staff and management at all levels
- Manage energy across a diverse estate
ResourceKraft 15 minute interval measurements from electricity, fuel oil, gas and water provides empirical data. Knowledge has given us the ability to speak with authority to the internal stakeholders
We are set to achieve our savings targets with just branch out-of-hours electricity savings alone. We cannot control utility price increases. What we can control is our use and the costs associated with that.
Bank energy monitoring across 250 sites
“It makes absolute business sense, ResourceKraft is delivering control of energy and water costs, like ERP does on managing our other business costs.”
