- Alpha Group News
- 15. December 2020
- Press Release | Alpha Trains
Alpha Trains commits to sustainability
Alpha Trains - first company in the private rolling stock leasing sector to announce carbon neutrality
Luxembourg/Cologne, 15. December 2020 - Alpha Trains reaches carbon neutrality for the period of 1st July 2019 to 30th June 2020, by both reducing and offsetting its carbon emissions. Thus, the company becomes the first private lessor of locomotives and trains in Continental Europe to announce being carbon neutral which underlines the lessor’s strong commitment to sustainability.
In 2019, Alpha Trains reduced its CO2 emissions by investing in modern office buildings, modern IT, reducing travel emissions and using renewable energy to power Alpha Trains’ offices. By additionally purchasing carbon credits to offset unavoidable carbon emissions, Alpha Trains reached CO2 neutrality in 2020.
Alpha Trains, working with Carbon Footprint Ltd – a leading sustainability consultancy, is investing in the “India Wind Power” project which was certified by Verified Carbon Standard (VCS VCS1523) and meets the requirements under the Quality Assurance Standard (QAS) for Carbon Offsetting. The goal of the project is to install 40 Wind Turbine Generators and generate power, using wind as a renewable energy. The electricity generated by the project’s activity will be supplied to the state electricity utility thereby assisting the sustainable growth of the region by providing clean and green electricity to the state electricity grid. Social and Sustainability Benefits of the project are the generation of employment opportunities during the construction and operation of the project and a contributing to reducing the energy demand supply gap in the region. The project is promoted by Panama Wind Energy Godawari Private Limited and located at Maharashtra state in India.
“Our efforts to reduce Alpha Trains’ carbon footprint reflects the commitment towards becoming a sustainable organization by improving environmental performance and driving long-term, sustainable growth. Protecting the planet for future generations and providing future-oriented mobility solutions are important for Alpha Trains and becoming carbon neutral is a major step forward on our sustainability journey.” Shaun Mills, CEO Alpha Trains Group.
“We are very proud to have supported Alpha Trains in achieving this significant milestone. To be the first rolling stock leasing company in Continental Europe to become carbon neutral should be applauded and celebrated by the industry, as well as hopefully being an example to follow.” Dan Hill-Morriss, Carbon Footprint Ltd.