Barclays has made a renewable energy purchase that will reduce its carbon footprint by up to 125,000 tons of carbon dioxide per year - the equivalent to the emissions produced by 19,000 homes in the UK in the course of a year, the company reports.
Starting from April 2007, 50 percent of Barclays UK electricity consumption will come from renewable sources, compared to three percent previously, according to the company. Barclays UK offices including its Canary Wharf headquarters and major UK branches will be powered solely by renewable energy. Under the terms of the contract, Barclays will buy approximately 300 GWh of renewable energy per year for the next three years from EDF Energy.
“This three-year contract with EDF Energy is an important milestone which will help us to significantly reduce our carbon footprint,” said Andrew Flett, head of environmental management. “However, the greenest form of energy is the energy you don’t use and working to reduce our overall energy consumption remains our priority. ”
Retailers, Developers and Eco-Business Leaders...learn about green retail trends, consumer buying habits and sustainable business practices. Register NOW to Attend!
The 2008 Green Leaders Survey collects sustainability program insights from business and civic leaders. Learn from peers what works and what doesn't. Take survey>>
Recycling rates in the U.S. are low and getting lower. The U.S., by far the world's biggest consumer of aluminum ... continue »
Nearly three-quarters (73 percent) of financial institution executives say they plan to build new or undergo a major remodel of an existing ...
click to view full size chart »
This promotional video features restaurateurs discussing sustainable solutions and Conserve, the environmental initiative of the National Restaurant Association....
Join the Discussion