Green thinking saves Virgin Media parent-company $325m
The world's largest cable and telecoms company, Liberty Global, has announced savings of $325m in 2014 thanks to an ambitious environmental programme.
The company, whose brands include Virgin Media, Ziggo, Unitymedia, Telenet and UPC, released its 2014 CR report on Monday, revealing a 31% improvement in carbon efficiency and 34% improvement in energy efficiency.
The savings put the company well ahead of its key environmental goals: to improve the efficiency of electricity consumption by 15% every year through 2020 and become five times more carbon efficient by the end of the decade, compared to 2012.
The economic benefits of these initiatives also grew by 15%, surpassing $325m in 2014.
The improvements were primarily achieved through continued investment in new network technologies and the optimisation of energy use at data centers, as well as the production and procurement of renewable energy.
The company – which produced revenue of more than $18bn last year – said that 90% of its energy consumption comes from powering its networks.
Liberty Global chief technology officer Balan Nair said: “Our stakeholders expect us to play our role in the global effort to address the impact of climate change by providing products and services that advance resource efficiency.
“This also helps us protect our business against increasing costs of energy and other resources.”
In the UK, green initiatives included the digging of smaller trenches for the laying of broadband fibre optic cables. By making trenches both narrower and shorter, 60% less asphalt and 50% less concrete is required to refill the trenches, and the work can be done in 50% of the time.
Elsewehere, Liberty Global – which operates in 14 countries – made 37% of its newly deployed set-top boxes and modems from refurbished stock.
In total, more than 4.4 million set-top boxes and modems were refurbished, avoiding approximately 7,200 metric tons of waste that would otherwise have ended up in landfill sites.