IAG Case Study
19 February 2006
Summary of Results:
Annual savings $99,474
Total Investment $340,000 (Including $76,000 Govt subsidies)
Return on Investment 38% (with Govt subsidies)
Pay back period 2.7 Years (inc Govt subsidies)
CO2 savings per year 882 tonnes CO2 equivalent
Insurance Australia Group Limited (IAG) is an international general insurance group, with operations in Australia, New Zealand, the United Kingdom and Asia. IAG’s businesses underwrite around $7.4 billion of premium per annum and employ around 16,000 people.
Ecosave completed an energy conservation project at the George Street Sydney Head Office, following the successful bidding for a tender.
The solutions that were implemented are:
- The refurbishment of twin fluorescent light fittings to a single tube, installing
a high performance reflector, maintaining the existing light levels in the Office
Tower and car-park.
- The replacement of 50w dichroic light fittings with 11w compact fluorescents.
- Installing voltage reduction units to save on the energy consumed by
fluorescent lights in the fire-stairs and car-park.
- Installing lighting controls to reduce the hours of operation in areas and
at times when they are not required.
Ecosave donates to Greening Australia, one native seedling for every tonne of CO2 and every 100 kilolitres of water saved, which additionally enhances the environment
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