BNZ becomes carbon-neutral

Last updated 10:58 30/09/2010
Glenn Bourke
CUTTING THE CARBONS: The Bank of New Zealand is the first New Zealand bank to become carbon neutral.

Relevant offers

Industries

Oil and gas conference to be held in New Plymouth for first time ever in 2017 Leadership week: Be Accessible invites people to think outside the leadership square New $20m private cancer care facility for Wellington Hamilton-based Pacific Aerospace recognised at industry awards Spark struggles under tsunami of fault reports Mitsubishi recalling 27,000 NZ vehicles Professor Judy McGregor supreme winner of Women in Governance Awards Rising damp a major problem in Wellington houses - Victoria University NZ looking good in a crazy world after Brexit, says Xero boss Rod Drury Intergen named supreme Wellington Gold Award winners

The Bank of New Zealand is the first New Zealand bank to become carbon neutral.

Three years ago, the bank set a target of reaching the environmental milestone by 30 September 2010 - it actually reached it three months early in July.

It's achieved carbon neutrality by reducing emissions through greater energy and vehicle efficiency, encouraging changed behaviour by employees at work and at home, and through offsetting unavoidable emissions by purchasing quality carbon assets.

The bank now occupies three 5-star green rated corporate buildings.

The move follows a similar carbon neutral commitment by its Australia parent, the National Australia Bank.

"We're in the process of sourcing quality New Zealand credits for our future carbon liabilities," says Duncan Southwell of BNZ client solutions and advisory team.

"Having locally sourced credits will support both our carbon reducing strategy and the emerging New Zealand carbon market," Southwell says.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content