NAB pushes to carbon zero
(4 April 2008 – Australia) The NAB has released a progress report on their aim to become carbon neutral by 2010.
The bank is using its 2006 emissions of 230,000 tonnes as the benchmark. From this, it aims to reduce emissions by 20 percent through a number of initiatives.
NAB will reduced emissions by a further 25,000 tonnes by acquiring 10 percent of their electricity from accredited renewable energy sources like wind and solar power by 2010.
Currently, the bank has purchased one quarter of this target, savings approximately 5,500 tonnes.
However, much of the plans to achieve carbon neutrality come from offsetting emissions that NAB deems unavoidable.
This year NAB will offset approximately 15,000 tonnes of greenhouse gas emissions resulting from work-related air and car fleet travel. In 2010, a major purchase of offsets will be made in relation to property.
Property is in fact the major factor in NAB’s emissions calculations. 23 percent comes from emissions from just two data facilities in Victoria. Both these and the major offices in Australia are undergoing major changes to become more energy efficient.
Ahmed Fahour, NAB managing director and CEO Australia said that last year 93 percent of NAB’s emissions came from the energy used in NAB buildings.
He added that one of their biggest projects is the refurbishment of the 500 Bourke Street office to a 5 Star Green rating.
NAB will reduced emissions by a further 25,000 tonnes by acquiring 10 percent of their electricity from accredited renewable energy sources like wind and solar power by 2010.
Currently, the bank has purchased one quarter of this target, savings approximately 5,500 tonnes.
However, much of the plans to achieve carbon neutrality come from offsetting emissions that NAB deems unavoidable.
This year NAB will offset approximately 15,000 tonnes of greenhouse gas emissions resulting from work-related air and car fleet travel. In 2010, a major purchase of offsets will be made in relation to property.
Property is in fact the major factor in NAB’s emissions calculations. 23 percent comes from emissions from just two data facilities in Victoria. Both these and the major offices in Australia are undergoing major changes to become more energy efficient.
Ahmed Fahour, NAB managing director and CEO Australia said that last year 93 percent of NAB’s emissions came from the energy used in NAB buildings.
He added that one of their biggest projects is the refurbishment of the 500 Bourke Street office to a 5 Star Green rating.
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