Santander Achieves CarbonNeutral Certification
04 January 2011
Commitment to Low Carbon Future through New Offset-Inclusive Strategy
Santander UK plc has extended its approach to managing its operational environmental impacts and has launched an offset-inclusive environment strategy. This demonstrates the bank's commitment to the ongoing effort to reduce its environmental impacts.
The first stage in the offset strategy has been to assess the environmental footprint of Santander's Camden-based head office, Triton Square. The CarbonNeutral Company, one of the world's leading providers of carbon reduction solutions, verified the emissions generated from the building's energy and waste and calculated the impact at 9,520 CO2e per year.
By purchasing verified carbon credits, every tonne of CO2 emitted by the Triton Square building from 2010-12 has been matched by an equivalent CO2 reduction in a carbon offset project in Brazil. As a result, Santander has achieved CarbonNeutral® certification for its London headquarters.
The project in Brazil features a group of small ceramic factory businesses who are changing the type of fuel they use for their kilns. The factories were previously using 4million litres of oil a year to produce their ceramic products. With the support of the carbon credit funding, Santander will help the group switch from using the environmentally unfriendly oil to renewable energy sources such as sawdust and sustainable wood.
The achievement of CarbonNeutral® certification for the head office will be used as a driver for Santander's continuing carbon reduction programme. It is intended that further operational elements of the bank's business will be offset during the 2010-12 three year period including other main office buildings, significant publications and major events such as the Annual Santander Convention.
Through the dedicated in-house resource Santander Global Facilities, the bank will continue to strive to reduce its environmental impact and reduce overall carbon emissions.
"Santander's development of a carbon management strategy, combining direct emission reduction activities with a carbon offset programme, is a positive step towards its long-term commitment to environmental responsibility. Gaining CarbonNeutral® certification enables the bank to make a strong environmental statement to its stakeholders about this commitment," says Rebecca Fay, Marketing Director of The CarbonNeutral Company.
Sharon Squire, Head of CSR, Santander commented, "Santander is committed to the development of a low carbon future; by offsetting the emissions from our head office building we have taken the first step on the journey. We are extremely proud to have achieved CarbonNeutral® certification for our Triton Square building, it represents an important stage in the development of Santander's carbon reduction programme."
For further information:
Santander UK plc
0207 756 4197
Notes to Editors:
Santander is a retail and commercial bank, based in Spain. Founded in 1857, Santander has 90 million customers, around 14,000 branches - more than any other international bank - and over 170,000 employees. In the UK, Santander was formed out of the Abbey, Bradford & Bingley and Alliance & Leicester retail networks. It has over 1,300 branches, around 4,500 cash machines and provides a full range of retail and corporate banking services to 25 million customers.
About The CarbonNeutral Company
The CarbonNeutral Company is a world leading provider of carbon reduction solutions. It has worked with over 300 major businesses and thousands of small and medium sized companies in 32 countries to develop offset inclusive carbon reduction programmes. Since 1997, it has purchased carbon credits from over 200 projects in 24 countries.
CarbonNeutral® is the registered trademark of The CarbonNeutral Company and is a global standard to certify that businesses have measured and reduced their CO2 emissions to net zero for their company, products, operations or services. Permission to display the CarbonNeutral® mark is only given to clients whose carbon reduction programme is implemented in accordance with The CarbonNeutral Protocol. The Protocol assures quality of offset projects, carbon footprint assessments and communication and is regularly reviewed by an Independent Advisory Group. The company's 'audit trail' includes an annual independent verification of CarbonNeutral programmes - from contracts with carbon offset partners through to contracts with clients and everything in between.
The CarbonNeutral Company has offices in New York, London and Singapore. The CarbonNeutral Company is a founding member of The International Carbon Reduction and Offset Alliance (ICROA), which provides leadership and a unified voice advocating for rigorous industry standards.