Norwich and Peterborough has become the first building society to be carbon neutral and achieve the CarbonNeutral quality mark.
The biggest areas to be reduced and offset will be the annual business mileage, which is 1.32 million miles, electricity consumption of the society, which is 3.2 million kwh, and gas consumption of 0.77 million kwh.
Also, the 180 tonnes per annum of waste produced from N&P’s offices and branch network will be disposed of securely.
To offset unavoidable emissions, the society will use UK forestry and climate-friendly technology in other countries.
This means that for every one tonne of CO2 the society produces, one tonne will be saved.
Matthew Bullock, chief executive for N&P, says: “We subscribe to the view that doing nothing is not an option and that we need, in our working lives and at home with our families, to make an effort to reduce emissions which cause climate change.
“We are examining every aspect of our business and will make changes to reduce our carbon footprint and help our staff and members to do the same.”
Jonathan Shopley, chief executive of The CarbonNeutral Company, adds: “We are delighted that N&P is going Carbon Neutral.
“The society has offered green mortgages since 1998 and has worked hard to get its carbon emissions down.
“It is now extending its positive action at the corporate level and involving its customers.”