UK institutions going green
(3 July 2007 - UK) HSBC is playing its green credentials in the UK allowing customers to opt out of receiving paper based account statements and other bank documents.
HSBC is also trialling a system which allows customers to request their terms and conditions and other account documentation electronically.
"The green account option will remove around 95 percent of the paper normally associated with a current account – 100 pages in a customer's first year and around 80 pages every year afterwards – which could reduce an individual's household paper waste production by around eight percent," HSBC head of current accounts, Mike Oliver said.
In the UK, Barclaycard has launched a new Breathe credit card, offering customers a range of incentives to encourage greener habits such as using public transport, home insulation, green energy and holidaying within the UK.
Barclaycard will also donate half of the profits from its card to a climate change trust called Pure, which could amount to £1 million in its first year.
"We recognise there is a growing demand for products that promote greener spending and which help to tackle climate change," Barclaycard managing director for the UK, Amer Sajed, said.
"The green account option will remove around 95 percent of the paper normally associated with a current account – 100 pages in a customer's first year and around 80 pages every year afterwards – which could reduce an individual's household paper waste production by around eight percent," HSBC head of current accounts, Mike Oliver said.
In the UK, Barclaycard has launched a new Breathe credit card, offering customers a range of incentives to encourage greener habits such as using public transport, home insulation, green energy and holidaying within the UK.
Barclaycard will also donate half of the profits from its card to a climate change trust called Pure, which could amount to £1 million in its first year.
"We recognise there is a growing demand for products that promote greener spending and which help to tackle climate change," Barclaycard managing director for the UK, Amer Sajed, said.
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