Monzo phases out workplace water coolers and boiling water faucets in web zero drive
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igital financial institution Monzo has moved to eliminate its workplace water coolers and boiling water faucets, and offset emissions from enterprise journeys in a bid to be extra environmentally pleasant.
The financial institution is on a drive to succeed in web zero emissions by 2030 and stated all companies have an element to play in tackling local weather change.
Monzo stated it already has decrease greenhouse fuel emissions than excessive road banks as a result of it doesn’t need to run a department community.
The lender, which was based in 2015 as one of many first app-based challenger banks, however revealed it had taken steps to cut back the environmental affect at its workplaces in London and Cardiff.
It makes use of electrical energy from renewable sources and inexperienced fuel, and doesn’t use any fuel in any respect on the Cardiff base, it stated.
On such a vital challenge, there’s no effort too small or too huge that we shouldn’t look to make
The firm has made modifications to its kitchen faucets to remove any emissions from boiling kettles and water coolers in London.
It is known to have refitted the boiling water faucets in workplace kitchens and eliminated the coolers to chop carbon emissions, in keeping with reviews in The Telegraph.
The agency additionally offsets emissions from employees happening enterprise journey journeys, utilizing an organization that buys equal carbon offsets each time a journey is made.
A spokeswoman for Monzo stated: “As one of the fastest growing banks in the UK, and one with lower greenhouse gas emissions than the high street banks, we continue to prioritise our ambition to achieve net zero.
“On such a critical issue, there’s no effort too small or too big that we shouldn’t look to make.”
Rival digital financial institution Starling Bank stated its workplaces in London, Southampton, Cardiff and Dublin use sustainable vitality suppliers, with the corporate aiming to succeed in web zero by 2050.
It comes amid a wider drive throughout UK companies to chop carbon emissions throughout their operations as they face stress from regulators and activists.
Banking large HSBC stated final week it hoped to depart its 45-storey tower in Canary Wharf and transfer right into a smaller workplace which helps meet its web zero commitments – together with by utilizing predominately repurposed supplies for the constructing’s design.
Meanwhile, grocery store chain Aldi stated it was slicing the variety of lights it has switched on throughout its shops in efforts to cut back vitality consumption and maintain costs of its merchandise low.
Furthermore, firms like vitality giants BP and Shell have confronted shareholder activism this yr as they’re pushed to do extra to chop scope 3 emissions – which incorporates emissions created by suppliers.