Wednesday 24 February 2021
Energy infrastructure firm SMS targets carbon neutrality by 2030
Energy infrastructure company SMS has announced its commitment to become a carbon neutral business by 2030.
The company, which installs, operates and manages smart meters and other carbon reduction technology assets, plans to increase the adoption of onsite renewable generation and battery storage to power its UK and Ireland estate while transitioning its nationwide fleet to electric vehicles (EVs).
Its 2030 plan builds on existing efforts to enhance operational sustainability and the low carbon solutions it delivers to the market, including renewable generation, battery storage and EV charging infrastructure.
In 2020, SMS mitigated more than 15,000 tonnes of carbon emissions through the installation of smart meters for energy suppliers as well as the net zero strategy and energy efficiency services it carries our for industrial, commercial and public sector clients.
As a result, its net-positive effect on the environment was equivalent to powering 18,500 British homes with 100% clean electricity for a year, with a carbon handprint eight times larger than its carbon footprint.
This achievement was recognised by the London Stock Exchange through the 'Green Economy Mark', which is awarded to LSE-listed organisations that generate more than 50% of annual revenues through green services.
SMS CEO Alan Foy said: “For more than two decades, SMS has played a vital role in the ongoing transformation of the UK's energy system through our services, including the installation of smart meters and our longstanding energy and carbon reduction solutions.
“To further address the urgency of tackling climate change and the need to limit global warming to 1.5C, we are today committing to become a carbon neutral company by 2030. On reaching this net zero goal by the end of the decade, our aim if to thereafter become a carbon negative business by targeting Scope 3 carbon reductions across our entire value chain.”
