The Carbon Trust Standard requires organisations to demonstrate a decrease in emissions over three or more years. Barclays has reduced its carbon emissions from its UK offices and branches by 8% since 2010, and has committed to reduce global emissions by a further 10% (from 2012 levels) in its 2015 Citizenship Plan.
To help achieve these reductions, Barclays has implemented a number of energy saving initiatives in the UK, such as the introduction of low-energy lighting in retail branches. The direct efforts of colleagues have also contributed significantly, for example, using teleconference facilities where possible to minimise business travel and switching off electrical equipment when not in use. A project is currently underway to reduce energy consumption globally and save £7m in 2013 alone. This activity ranges from improving the energy-efficiency of desktop computers and data centres to the installation of solar panels in ABSA Towers North.
Barclays featured recently in the Read more about our work to reduce our environmental footprint in our Citizenship Report 2012 FTSE 350 Leadership Indices for its environmental performance and disclosure, ranking third in the financial sector. This investor-backed initiative assesses how the world’s largest companies are minimising their carbon footprint, while capitalising on commercial opportunities and managing risks related to climate change.
We remain committed to ensuring our business operations are carbon neutral, and where it is not possible to reduce emissions, we offset them. We aim to support projects that deliver proven social and economic benefits as well as environmental ones. For example, in Kenya, we support projects which reduce deforestation, protect valuable ecosystems and promote sustainable local development and job creation.