Thursday 1st March 2007
Co-operative Bank has revealed it is to go "beyond carbon neutral" in its continuing drive towards sustainability.
Parent company Co-operative Financial Services (CFS) stated that in addition to its pre-existing commitment to carbon neutrality, the business is now to undertake efforts to repay ten per cent of its outstanding carbon debt to the environment.
The news follows the revelation that the company has reduced its carbon emissions by 43 per cent since 2002.
This has been achieved by reducing energy usage, as well as by efforts from staff to limit the number of miles travelled as part of their daily business, the firm claimed.
CFS chief executive David Anderson said: "We cannot ignore the legacy we have left over the years. That is why we are going beyond carbon neutral."
"If we are to continue to fight climate change, all organisations must look to reduce their current and past carbon footprint wherever possible," he added.
Figures published by Co-operative Bank showed that ethical consumerism outperformed sales of cigarettes and alcohol in 2006.
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