Gatehouse Bank remains carbon neutral

It met the standards in measuring, calculating, and offsetting organisational carbon emissions

Gatehouse Bank remains carbon neutral

Gatehouse Bank has announced that it has successfully maintained its carbon neutral status for 2021.

Carbon Neutral Britain has independently certified that the challenger bank has met all its certification standards in measuring, calculating, and offsetting organisational carbon emissions for the period covering the calendar year.

The carbon offsetting initiative calculates that businesses account for over 85% of the UK’s total greenhouse gas emissions, reinforcing the importance of corporate action in combatting climate change.

“We are delighted to continue our partnership with Gatehouse Bank PLC to help identify and offset their environmental impact for 2021 and beyond,” James Poynter, director at Carbon Neutral Britain, said.

“Gatehouse first measured its operational carbon footprint for the year 2019. The bank has since taken significant steps to reduce its carbon footprint through measures such as its sustainable procurement policy, and new travel policy aiming to reduce emissions from business travel by 20%.”

As one of the founding signatories to the UN Principles for Responsible Banking, Poynter noted that Gatehouse Bank has committed to aligning its business activity with the United Nations Sustainable Development Goals and Paris Climate Agreement.

Read more: Pushing green initiatives.

In line with these goals, the bank set out future targets in 2021, including reducing the emissions of its home finance portfolio by 35% by the year 2030, and capturing and improving the average EPC rating of its home finance portfolio.

“It is clear that business has an important role to play in ensuring a sustainable future for all and Gatehouse Bank is committed to playing its part,” Charles Haresnape, chief executive at Gatehouse Bank, remarked. “In 2022, we have extended our green offering for homebuyers and landlords, and are proud to have maintained our carbon-neutral status for another year.”