Lords Group Trading has signed a contract with the Sustainable Energy First consortium to “source renewable energy as part of its drive towards net zero and to ensure competitive energy costs.”
The arrangement will “significantly reduce its Scope 2 market-based emissions to close to zero on its premises by purchasing renewable electricity that is backed by recognised energy certification.” The consortium itself meanwhile “brings together a network of renewable energy generators, including wind, solar and hydro to form a robust portfolio of clean power.”
Using this range of assets, it provides customers with access to traceable, REGO-backed green energy.
As part of its wider net zero drive, Lords Group Trading is also installing solar panels on its buildings as part of a phased programme, and is replacing its lighting with energy efficient LED fittings across all its sites. In addition, 92% of its company provided cars are electric or hybrid, while it plans to start a trial for an electric HGV truck later this year.
Chief Financial Officer Stuart Kilpatrick said: “By joining the Sustainable Energy First Consortium, we have secured competitive energy pricing to protect the business from electricity price fluctuations, while positively contributing to the environment and reinforcing our commitment to decarbonisation as we make significant progress on our Net Zero journey.”
The Sustainable Energy First Consortium “provides a credible renewable supply solution by connecting a diversified portfolio of more than 100 renewable generators with over 80 corporate off‑takers.” In doing so, the organisation says it replaces opaque green tariffs and complex CPPAs with a transparent, fully traceable supply model.
Through half‑hourly matching and a fixed‑price structure, SEC reports it can deliver “meaningful Scope 2 emissions reductions while strengthening organisational resilience against energy market volatility.”
Additionally, SEC “supports 245 GWh of renewable generation annually, saves 41,324 tonnes of CO₂e each year, and has directly enabled new UK renewable assets to come online.”
