Lego soars past its annual energy efficiency goal

Danish toy giant Lego has set its sights towards an ambitious renewable energy target after exceeding its energy efficiency plans for 2016.

In 2013 the company set out to increase its energy efficiency by 10% by 2016. After a dismal start – achieving just a 0.3% improvement in energy efficiency in 2014 – Lego ramped up its efforts and recorded efficiency improvements of 5.7% and 5.5% in 2015 and 2016 respectively.

The combined total of 11.5% takes Lego beyond its interim target and John Goodwin, with executive vice president and chief financial officer at Lego, said the group was “very pleased” to have exceeded its targets on this front.

Lego is now turning its sights towards meeting a secondary target; for all energy consumption at the company to be “balanced” by renewables by 2020, with the group making a major investment in the Burbo Bank offshore wind farm, which is currently under construction off the coast of the UK.

The investment has been made through a partnership involving Lego’s parent company Kirkbi A/S, Dong Energy and Danish pension fund PKA, with the wind development originally generating power in July 2007 with a nameplate capacity of 90MW, however an extension was mooted by Dong Energy which eventually led to the project securing a Contracts for Difference agreement to add more than 250MW to the site’s capacity.

This resulted in Kirkbi and PKA purchasing half of the wind farm for a fee of £660 million earlier this year, adding to last year's opening of the Borkum Riffgrund 1 wind farm, a 312MW development off the coast of the Netherlands, of which the Lego Group owns 31.5%.

Goodwin believes that investing in an ambitious responsibility agenda is an ongoing and integral part of the company, as well as to continuing to improve how it runs its business in relation to our environmental impact.

“In that process, we focus on a broad range of efforts, with energy efficiency and investments in renewable energy being one cornerstone. Another is our search for sustainable materials, on which we will continue our dedicated work in the coming years,” he said.

Follow Energyzine on Twitter. Like us on Facebook. Join us on LinkedIn.

Have your say...


Would you like to write your own Comment?



Your Comment

Your Name*
Please enter Your Name
Email Address*
Please enter an Email Address
Comment Subject*
Please enter a Comment Subject
Comments*
Please enter your Comments
 
RefreshPlay AudioHelp
 
I agree to the terms of use.
Please agree to the terms

There were errors. Please see the messages above.