Barclaycard
Barclaycard is part of Barclays Bank PLC. Barclays approach to environmental management has been longstanding with the recent announcement that we have made our UK operation carbon neutral as part of our wider strategy to tackle the impacts of climate change.
Details of Barclays Climate Action Programme
1. Reduce carbon dioxide (CO2) emissions by improving energy efficiency.
The first and most important step in any climate change action plan is to reduce carbon dioxide emissions. Our UK carbon footprint is made up of 80% energy use and 20% business travel, so improving our energy efficiency must be our highest priority.
Based on our UK targets for 2006-2010, we are aiming to:- Reduce CO2 emissions by 20% by 2010 (using 2000 as the baseline year.)
- Reduce energy consumption in offices and branches by 20% per full time employee.
- Reduce carbon intensity from 16.8 tonnes to 12.9 tonnes CO2 per £1m of UK income. Carbon intensity is a measure of emissions relative to business growth and it allows comparisons to be made between companies.
2. Buy renewable energy.
We are committed to increasing the amount of renewable energy we buy and in 2007, Barclays announced its biggest ever purchase of renewable energy. 50% of Barclays UK electricity consumption now comes from renewable sources, compared to 3% previously.
3. Make our UK operations carbon neutral by offsetting the remaining CO2 emissions.
4. Offer products and services that help our customers to reduce their impact on climate change.
We aim to support our customers in the transition to a lower carbon economy by developing new products and services.
Currency and carbon
We invite our personal customers who purchase their foreign currency from Barclays to offset the CO2 emissions from their holiday. Customers can calculate the CO2 impact of their flights and make a payment to Climate Care to offset their emissions. All funds go directly to Climate Care to invest in renewable energy and energy-efficiency projects in the developing world on our customers’ behalf.
For more information about these projects and to offset your own air travel emissions, visit www.climatecare.org/barclays.
