Case study·Multi-Site Banking·Ireland

The first bank in Europe to achieve ISO 50001

Like many large organisations, Bank of Ireland had outsourced facilities management to reduce cost — but energy remained an un-managed line item. With Advisor providing continuous, auditable detail on electricity, gas, water and oil, energy became something the bank could measure, question and control across its branch estate.

Sector

Retail & commercial banking

Where

Ireland — national estate

Engagement

Advisor energy monitoring

The win

First EU bank certified to ISO 50001

At a glance

In recent years Bank of Ireland, like other retail organisations, focused on outsourcing facilities management to reduce cost — yet energy stayed un-managed. The bank set a target of €450,000 in energy savings in the first year and turned to ResourceKraft's Advisor to deliver the comprehensive, auditable carbon and consumption data it needed. It went on to become the first financial institution in Europe to attain external certification to ISO 50001 / EN 16001.

CustomerBank of Ireland
SegmentMulti-site retail banking
ProblemEnergy was an un-managed cost
Approach15-minute interval monitoring via Advisor
StandardISO 50001 / EN 16001
Year-one target€450,000 in savings

A Bank of Ireland site entrance, part of the branch estate monitored under this programme. — One site in the branch estate now monitored at 15-minute intervals across electricity, gas, water and oil.

01The brief

Energy as a managed cost

Bank of Ireland required a system that provided continuous detail on actual electricity, gas, water and oil use. That detail allows reconciliation against bills received — identifying discrepancies and ensuring the bank pays only for what it actually uses.

For a world-class financial institution, reliability is non-negotiable. In areas where security and safekeeping are essential, the monitoring system had to be dependable, robust and efficient. Investments in energy monitoring and analysis were expected to increase the effectiveness of business operations — not add operational risk.

02What we did

Empirical data, every 15 minutes

Advisor captured 15-minute interval measurements from electricity, fuel oil, gas and water — giving the energy team empirical data and the authority to speak to internal stakeholders with confidence.

Continuous multi-utility monitoring. Electricity, gas, water and oil tracked at 15-minute intervals across the estate, providing the granularity needed to reconcile against supplier bills.
Auditable carbon data for certification. Comprehensive, auditable records underpinned external certification to ISO 50001 / EN 16001.
Out-of-hours analysis. Branch out-of-hours electricity profiles alone were enough to put the bank on track to hit its savings targets.
Estate-wide visibility. One system to manage energy across a large, diverse estate — engaging staff and management at all levels.

It makes absolute business sense — ResourceKraft is delivering control of energy and water costs, like ERP does on managing our other business costs.
Group Facilities & Energy Manager, Bank of Ireland

03The outcome

On track to beat year-one targets

The bank was set to achieve its savings targets on branch out-of-hours electricity savings alone. As the Group Facilities & Energy Manager put it: “We cannot control utility price increases. What we can control is our use and the costs associated with that.”

Bank of Ireland was on course to exceed its energy-savings goals in year one, with the system revenue-positive in year two. A clean environment and effective environmental protection are fundamental to good business operations — and the bank committed to the ISO 50001 standard to deliver on that.

1st in Europe

financial institution certified to ISO 50001

15-min

interval data across four utilities

€450k

first-year savings target

Now able to: make energy savings · reduce carbon & meet sustainability targets · manage utility costs · maintain world-class service · engage staff at all levels · manage energy across a diverse estate.

Get in touch

Turn energy into a managed cost

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