Cost Savings
Why are we calculating the financial savings?
New purchases at the University of Leeds can be divided into two main areas. Items purchased for new
buildings and refurbishments and items purchased by departments on an ad-hoc basis. As the University only
purchases items through approved suppliers, the financial information is relatively easy to acquire. With
increasing pressure to reduce our spending at the University, we can use this information to give an accurate
record our financial savings through reuse.
How do we calculate the financial savings?
As data is readily available from our approved suppliers, we are able to use actual financial values to
keep a running total of our reuse. We take the cheapest cost of replacement as the standard price for any
items reused. This means that, although not an accurate portrayal of our savings, our total is a minimum value –
meaning that our actual savings are likely to be much higher!
How is the data reported?
Once an item is reserved on the system, it is the responsibility of the users to discuss collection.
Once collected, the items need to be signed off by the collector. Once signed off, this information is automatically
recorded on a database which is managed by the sustainability team at the University. This information can be
extracted as required and can be used to report our carbon savings.
Click here to view the yearly financial savings
