Ernst & Young turn off company logo signs to reduce energy consumption
Consulting firm Ernst & Young has decided to turn off its corporate logo signs to reduce energy consumption. Several employees took to social media to talk about the initiative. The company is looking for other ways to reduce its energy consumption.
Logo signs have been deactivated in EY offices in Denmark, Norway, Finland and Sweden. It’s one of the first in a list of steps, employees said.
“Because we all need to do what we can to reduce our energy consumption, so there is more energy for those who will need it most in the months to come,” said Azad Singh, head of the Nordic Marketing Automation at EY.
This initiative comes at a time when Europe is facing an energy crisis, a consequence of the Russian-Ukrainian war. As Europe imposed sanctions for the war, Russia reduced its supplies to the continent. Gas prices in Europe have also more than doubled since the start of the year. He cut gas supplies to several countries, including Bulgaria and Poland, because they refused to pay in rubles rather than the currency of the contract.
At the Shanghai Cooperation Organization summit in Uzbekistan, Russian President Vladimir Putin said Russia had nothing to do with European crises and that the EU should lift sanctions preventing the opening of the Northern Gas Pipeline Stream 2. “At the end of the day, if you have a craving, if it’s that hard for you, just lift the sanctions on Nord Stream 2, which is 55 billion cubic meters of gas a year, just push the button and everything will turn on,” Putin said. He, in fact, blamed the “green agenda” for the crisis.
Nord Stream 2 runs parallel to Nord Stream 1. It was built a year ago, but Germany pulled out days before Russian troops were sent to Ukraine. Additionally, Russian gas giant Gazprom said the Nord Stream 1 gas pipeline, which is Europe’s main supply route, will remain closed due to repair work.
Russia has been accused of militarizing energy supplies in retaliation for Western sanctions against Moscow by Europe. On the other hand, the West has been accused of launching an economic war that has impacted the operations of Nord Stream 1.
(With contributions from the agency)
Also read: 17% of Indian CEOs say companies are under pressure to become sustainable: EY report