Voluntary target agreements to reduce CO2 emissions are a recipe for success that is paying off for smaller companies in Switzerland. Thanks to generous government programs energy saving is no longer a challenge for Swiss SME’s, it is an opportunity.
Many other publications overlook breaking business news focused on marketing or other business strategies. Born2Invest mobile app helps readers to be up to date with the newest information in this field and others, among which finance, biotech, markets, cannabis, fintech and Asia.
A bakery like Sprüngli is generally not associated with high energy consumption, but appearances can be deceiving deceptive. The ovens at Sprüngli’s central production site in Dietikon must be operational 24 hours a day, seven days a week, so that the bread, cakes, croissants, and Luxemburgerli always arrive fresh in more than 20 stores.
At the same time, there are numerous laws and requirements in the food sector as to how products must be stored. The cooling of food and production departments is a major source of energy consumption at Confiserie Sprüngli. In 2014, the company concluded a target agreement with the federal government to reduce their CO2 emissions.
One of the first jobs was the complete replacement of the refrigeration systems. In the same year, Confiserie Sprüngli switched its lighting to energy-efficient LED lights and invested in new ovens with better insulation and larger heat accumulators. The ovens are equipped with a modern control system, which, among other things, simplifies the transfer between work shifts. Employees who work at night will find a preheated oven with the right temperature for the product at the start of the work thanks to the control system.
In addition, the company underwent a refurbishment of the ventilation system in the production area and modern energy monitoring, which measures energy, water and gas consumption, temperature, humidity and CO2 content in the air. The conversion of the rather artisanal production plant to a modern and efficient production facility turned out to be a challenge.
The target agreements drawn up in cooperation with the Energy Agency for Industry (EnAW) are paying off for Sprüngli. According to EnAW calculations, thanks to the measures taken, the exemption from the CO2 tax and the EWZ efficiency bonus, the company saves around $249,973 (CHF250,000) per year – an amount that is significant for a company.
Proven energy concept
In Switzerland, companies that consume a certain amount of energy can conclude an individual target agreement with the Confederation in which they undertake to reduce their CO2 emissions. In return, the companies are refunded the CO2 tax and are supported in this by EnAW and the Cleantech Agency Switzerland. The concept of a voluntary target agreement and a steering tax is proving its worth. In 2018, the 4000 companies involved reduced their emissions by half a million tonnes of CO2 through the measures implemented since 2013.
The companies that have concluded a target agreement account for around half of Switzerland’s emissions from the industrial and service sectors. Thanks to low energy costs, the reimbursement of CO2 levies and the grid surcharge, the companies saved a total of $649,964 million (CHF650 million), as calculated by EnAW. The process begins with an energy check by an energy consultant, who determines the potential for energy savings and presents specific proposals. Each measure must be financially viable and amortized after eight years at the latest. The consultant accompanies the company throughout the entire implementation period.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in NeueBurcherZeitung, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Legalization trend drives cannabis ETFs to significantly grow
More and more US states are legalizing the use of cannabis. The trend around the plant is not only boosting...
VB Devices closes a €1.1 million round to consolidate its market entry
The operation of the Spanish startup VB Devices has raised more than $488,000 (€400,000) between new investors and current partners...
ESMA now wants to regulate ESG rating agencies
ESMA focuses on two “pain points” with regard to ESG ratings. On the one hand, it calls for minimum regulatory...
Bitcoin whale alert: major investors dump large amounts of BTC
Bitcoin whales have sold off larger amounts of Bitcoin (BTC) this month, according to the latest data from aggregator Glassnode....
ARisk, the startup of predictive risk algorithms, closes €350,000 round
ARisk, a university spin-off of the Polytechnic of Turin, founded by former Consob chairman Giuseppe Vegas, which develops predictive risk...
Featured6 days ago
Sella Data Challenge, Banca Sella’s challenge for new data-driven fintech solutions
Business5 days ago
One eye on the future, another on the past— LODE is solving the gold and silver liquidity problem
Featured5 days ago
Amundi will pay managers based on ESG returns
Business5 days ago
The markets continued their relentless climb with new all-time highs once again