Net Zero Ambitions
Luceco’s customers are increasingly coming to them with sustainability goals including net zero carbon and zero energy building targets. By conducting a lighting audit, Luceco can make recommendations for a new design of fixtures and controls that reduce energy consumption whilst improving the quality of life for the people who live and work in them.
LED lights typically produce useful light at least 15 times longer and consume up to 80% less energy than their conventional counterparts. The longer life of LEDs produces savings throughout the product life cycle. This includes savings on materials, and installation costs (as systems will run for 10 years or more) and maintenance and replacement costs. This makes them the go-to option for companies targeting net zero.
Science Based Targets initiative (SBTi)
On the 28th of October 2021, the SBTi launched the first-ever science-based Net-Zero Standard. This will combat the current inconsistencies that surround net-zero targets, and allow companies to decarbonize at the pace and scale required to align with the goals of the Paris Agreement and keep 1.5C in reach. It is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature(WWF).
- Luceco plc commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2031 from a FY2021 base year.*
- Luceco plc also commits to reduce absolute scope 3 GHG emissions from use of sold products 27.5% within the same timeframe.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks
Leading the Charge
Luceco Group, is proud to announce its collaboration with the Electrical Contractors Association’s (ECA) Leading the Charge digital series. Leading the Charge is a collection of films, podcasts, and articles, exploring the sector’s pivotal role in realising the UK’s energy security and net zero ambitions. Topics include renewables, energy storage, retrofitting, automation, and electrical safety. As well as raising awareness of these key issues, it aims to help inspire the next generation of installers coming into the electrical industry.
The venture is supported by a select group of industry experts, including Luceco Group. For Luceco, the project was a perfect alignment given Luceco’s commitment to achieving net zero and in tackling climate change. The company are making strides thanks to innovative products, and collaborations with experts and consumers in the electrotechnical industry.
"We felt the core message and timing of the Leading the Charge campaign seemed a great fit for Luceco and aligned perfectly with our own net zero ambitions and goals, so we’re delighted to be part of it and very much look forward to its success.” - Simon Shenton, Head of Luceco LED Development
The Future of LED Lighting
With over 100 years of combined lighting design experience, Luceco’s team of lighting designers use the latest design software by Relux to design their lighting solutions. As part of their recommendations, they include ‘return on investment' estimates to indicate potential return and energy savings. Lighting controls are an integral part of any installation.
These controls help the user to automate the lighting experience. They also allow for granular control over lighting levels, such as daylight dimming, which can lead to a significant reduction in energy consumption. With LED there are already significant energy cost savings and with additional lighting controls, even more efficiencies can be made.
At Luceco, our mission is to provide energy-efficient lighting products that not only enhance your living spaces but also promote sustainable living. We believe in utilising innovative technology to reduce carbon footprint and preserve our planet for future generations.
To build a leading portfolio of thoughtfully designed and diligently made products that provide environmentally responsible electrical and lighting solutions to our customers. To continually invest to sustain the competitive advantage provided by our people, culture and business model.
Our culture at Luceco Lighting is customer-driven, with a focus on team collaboration. We empower our energetic, loyal team to be bold and innovative in delivering sustainable lighting solutions. Our principled approach means we hold ourselves to the highest ethical standards.
Operating sustainably is a key part of the Group’s culture and is reflected within our Purpose, Mission and Strategy; where we have made sustainability a central pillar of the Group’s success
John Hornby - Chief Executive Officer
Case Study // Envantage
In 2021 the introduction of TCFD (Task Force on Climate-related Financial Disclosures) reporting requirements, alongside increasing demands from investors and customers for climate action, Luceco sought help to develop a carbon management strategy. As a key supplier to major retail brands in the UK and abroad, it quickly became clear that an increase in transparency around energy and carbon emissions was needed.
Envantage took Luceco through their Carbon Roadmap Programme which would help them to set up the right governance structure, assess their climate-related risks and opportunities, and quantify their Scope 3 emissions. These steps laid the foundations for establishing ambitious emission reduction targets through the Science Based Targets Initiative.
To achieve these targets, we have developed an action plan so that Luceco can work towards reducing their emissions, increase transparency and accountability for stakeholders, and enable them to respond to the CDP climate change module.
Working with Envantage has given Luceco a clear understanding of its carbon impacts and enabled the group to take the lead on its own carbon reduction goals.