Renewable energy
In FY25, 100% of Ernst & Young LLP (EY UK) energy consumption was backed by renewables certification. This was achieved through a combination of Renewable Energy Guarantees of Origin (REGO) certificates received via our UK Virtual Power Purchase Agreement (VPPA), renewable energy supplied by our landlords and our continued purchase of renewable biogas.
Our VPPA is also helping to decarbonise the UK energy sector, by adding more renewable electricity into the national grid than we consume.
Performance against our FY25 targets
Target: Reduce total energy (kWh) consumed by 15% per m2 (compared to FY19)
FY25 energy efficiency (kWh per m2) fell by 24.7% compared to FY19. The reporting period saw a notable uplift in the occupancy levels of UK offices compared to the previous year – notably at our largest office (More London Place) where building occupancy increased by 9%. However, FY25 consumption per head (i.e. kWh / FTE) at this site decreased by 1.3%. As the lease end date for this site approaches, we will consider utilising ground / air source heat pumps to reduce energy consumption beyond that already achieved, following previous lighting, plant and equipment upgrades.
Short-term opportunities for implementing further energy efficiency measures across the UK estate are somewhat limited, as most Heating, Ventilation and Air Conditioning (HVAC) plant servicing buildings where our offices are located is owned and operated by the landlord. However, we remain committed to reducing energy consumption wherever possible and will upgrade to low-energy LED lighting in our Bristol and Luton offices during 2025.
In July 2024, our Cambridge office relocated to state-of-the-art premises in Cambridge Square. Our Leeds operations moved to a new low-energy site in Wellington Place in September 2024, having building-specific energy targets and performance monitoring in place. Our third largest UK office (Birmingham) will move to new energy-efficient premises. We therefore expect to see reduced energy consumption for these UK offices during FY26.
*FY19 is the base year, as determined by EY Global when setting its Global Carbon Ambition and related energy reduction targets for member firms.
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