At its Annual General Meeting on Wednesday 9 May, Lloyds TSB Chairman, Sir Victor Blank, confirmed the Group’s ongoing commitment to tackling the problems relating to climate change. The Group has been progressively reducing its carbon emissions over recent years but has now announced a firm target that by the end of 2012, it will have reduced its carbon footprint by 30 per cent. In addition to this reduction target, it will also offset those emissions that it cannot eliminate so that the business becomes carbon neutral by the end of this year.
As one of the UK’s top companies, Lloyds TSB believe that they have a responsibility to take a lead in reducing their carbon footprint. Rather than just offsetting, they seem to be committed to reduce carbon emissions by cutting out unnecessary travel, buying renewable energy and better energy management.
Reducing the carbon footprint by 30 per cent by 2012 is a stretching target that will require significant reductions to Lloyds energy consumption but they want to be committed to set an example. Lloyds have chosen 2012 as a target as it supports the sponsorship of the London 2012 Games which are set to be the first ‘green’ Games with a focus on sustainability.”
Since 2002, Lloyds TSB has progressively reduced its carbon footprint by almost 36,000 tonnes of CO2. This was achieved by improving energy management in our buildings and buying renewable energy. In 2006, the use of over 230,000 teleconferences helped reduce car and train travel by 20 million kilometres or the equivalent of 500 round-the-world trips.
The Group is keen to build on this track record and is using 2002 as the baseline for the target of reducing its carbon footprint by 30 per cent by 2012.
