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'Green' card to reduce firm’s carbon footprint

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22nd May 2007
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A unique, environmentally-friendly corporate charge card has been designed to reduce business advisory firm Deloitte’s carbon footprint.

Launched by co-creator Barclaycard Business, the card, made from recyclable plastic, is the first of its type to offset some of the environmental impact of goods and services purchased by Deloitte.

It will be the first organisation to make a carbon offset corporate card available to its 11,000 UK staff.

The principle works similarly to cardholder reward schemes but will be used to fund a recognised carbon offsetting programme, whereby Deloitte purchases certified emissions reductions (CERs) through the bank’s emissions trading desk.

Barclays Capital will also arrange for the CERs to be cancelled, effectively ensuring that the certificates are untradable in the future.

Bob Warburton, managing partner of finance and legal at Deloitte, said: “We are striving to reduce our carbon footprint and are pleased with the results we have achieved, for example, by switching to 100% renewable energy at all our managed locations. However, we also recognise that some level of emissions is inevitable and we wanted to find answer for what remains.”

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