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Barclays joins The Climate Group

24 May 2007
Barclays joins The Climate Group

Barclays, a major global bank with 27 million customers in more than 50 countries, today announced that it has become a member of The °Climate Group.

Barclay's commitment to environmental management has been longstanding and the company recently announced that it has made its UK operation carbon neutral as part of a wider strategy to tackle the impacts of climate change.

Other key elements of Barclays Climate Action Programme include: reducing emissions by improving energy efficiency, including a commitment to reduce energy consumption in offices and branches by 20% per full time employee; buying renewable energy, 50% of Barclays UK electricity consumption now comes from renewable sources compared to 3% previously; and offering products and services that help customers to reduce their impact on climate change.

Barclaycard will soon launch Barclaycard Breathe, the first UK credit card that donates 50 per cent of its profits to environmental projects dedicated to reducing carbon emissions around the world. Barclaycard Breathe is part of the Together campaign which you can read more about by clicking here.

To raise awareness of climate change issues among its employees, Barclays has recently distributed Rough Guides to Climate Change to its 60,000 staff members in the UK.

Andrew Flett, Head of Environmental Management at Barclays, said: "At Barclays we strongly believe that successfully fighting climate change will take the joint efforts of companies, governments and individuals, and that's why we are delighted to join The °Climate Group. Climate change is a serious challenge affecting societies around the world and with the Barclays Climate Action Programme we are working hard to contribute to making a difference".

Steve Howard, The °Climate Group's CEO, said: "Working with the world's financial institutions to mobilise large-scale investment in the low carbon economy is a key focus of The °Climate Group's work. We are delighted that Barclays has decided to join the growing list of companies we work with, that are committed to seeing this happen."

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