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Go-Ahead’s energy bills ‘higher than profits’

30/05/2015

One of the UK’s largest transport companies spends more on energy bills than it earns in operational profits.

One of the UK’s largest transport companies spends more on energy bills than it earns in operational profits. Go-Ahead Group runs a number of rail and bus firms in the UK, with more than 800 trains and 4,600 buses.

Group Environment and Energy Manager, Chris Grinsted said: “We spend upwards of £120 million a year on our energy bills which is more than our annual operating profit and it’s just going to increase.”

The company’s annual operating profit was £103.2 million last year. It is looking for sustainable measures to improve their finances. Mr Grinsted added: “Sustainability at this level is just business sense, it’s practical.

“Potentially, it’s a business critical issue to ensure we use it as efficiently as possible.” He also said  transport emissions account for around 20% of CO2 in the UK and “the only way of effectively tackling it is going to be via public transport”.

This is “potentially a huge opportunity” for the company. He added: “We need to make sure we’re in a position to maximise that. “90% of our carbon footprint comes from us using our trains. “If you’re managing sustainability then it seems as though you are managing everything else well.”

Huong Truong

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