May 17, 2007

Barclays ‘Highly Unlikely’ To Meet Energy Reduction Targets

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Barclays has released its 2006 corporate responsibility report (PDF). 

The bank now says that it is “highly unlikely” that it will be able to meet its overall energy reduction targets (20 percent by 2010 against a 2000 baseline) between 2007 and 2010. “This is disappointing, but we are taking what action we can to ensure that the shortfall is as small as possible,” the report sates.

Barclays says the culprit is the future energy requirements of its UK data centers. “Their projected growth was much higher than had originally been forecast,” according to the report.

Compared with the rest of its buildings and branches, the energy….

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