HBOS Environmental Management
HBOS has a comprehensive Environmental Management System (EMS) with targets for energy use, water use and recycling. Here are some of our current initiatives to help meet these targets:
Paper reduction and recycling:
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We have rolled out improved recycling facilities to call centres and offices with over 200 colleagues.
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We have agreed a paper reduction target of 10% per FTE by end 2010.
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We will implement new recycling facilities for all waste paper across our entire branch network by the end of 2007.
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We are working with Greenworks
, a not-for-profit partner to improve our recycling of office furniture. -
We will introduce recycled plastic bags for customers in the branch network.
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We will reduce waste production by 5% per FTE by end 2010.
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Around 1 million of our customers have moved to paper-free, electronic statements in a bid to reduce paper use. For more information, Halifax customers click here
, and Bank of Scotland customers click here . -
HBOS will continue to work in partnership with suppliers to identify environmental efficiency initiatives in new buildings from the tender process onwards.
Other initiatives:
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HBOS will launch a "Green Mortgage" next year to help its customers reduce their impact on the environment.
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In 2002, HBOS was the first bank to recognise the risks posed by flooding and to offer all its mortgage customers cover against flood risk until 2008.
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HBOS has installed long life, low energy light bulbs across over 80% of our estate. The remaining light fittings are currently unsuitable for low energy bulbs and will be upgraded over the next 5 years as part of our building refurbishment programme.
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HBOS is a key sponsor of the WWF's One Million Sustainable Homes Initiative
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HBOS has adopted the Equator Principles
for project finance. The Principles require a commitment to fund only projects which can be developed in a socially and environmentally responsible manner. -
Insight Investment
, our asset management division, manages the Evergreen Fund that has a 20% weighting towards investment in companies that develop environmentally beneficial products.
For more detailed information, look at our latest Corporate Responsibility Report .
