Over 2,000 Barclays and Woolwich branches will soon be running on greener energy as Barclays makes its largest ever single purchase of electricity generated from renewable sources.
Barclays has entered into a three year fixed price contract with gas and electricity company npower business, which will supply energy from renewable or Climate Change Levy exempt sources, including
wind farms, hydro plants and combined heat and power. The deal will result in cost savings for Barclays as well as reducing its CO2 emissions.
Over the course of the three year contract Barclays is committed to buying 30GwHs of certified green energy, an amount capable of powering 230 branches out of a total network of over 2,000. The remainder of the energy being purchased will be sourced from other Climate Change Levy exempt sources,which produce lower carbon emissions than energy derived from traditional fuels.
The purchase of 30GwHs of certified pure green energy will avoid the release of approximately 12,900 tonnes of CO2. This is the equivalent to the CO2 produced from heating and lighting 7,900 UK homes or
the amount that would be saved by taking 11,900 cars off the road for one year.
Andrew Flett, Head of Environmental Management at Barclays said: “Barclays takes its environmental management seriously. Buying power for our branches from sustainable and low carbon emitting sources is a simple and efficient way for Barclays to reduce its environmental impact. There’s a limited amount of pure green energy available so we’re delighted to have secured this kind of deal with npower business.
It’s good for business and it’s good for the environment.”
Gordon Parsons, Sales and Marketing Director at npower business commented: “This supply deal represents a balanced package satisfying Barclays’environmental and commercial considerations.Not only were we competitive on price,but the contract will also enhance the company’s green credentials.”
