Vancity Becomes North America’s First Carbon Neutral Bank
Something from the ol’ CTV:
Vancity credit union is the first North American financial institution to become carbon neutral, it announced on Wednesday, after it voluntarily set its own goals in 2006 to reduce its carbon emissions before 2010.
The term carbon neutral means the amount of CO2 emissions Vancity has created are equal to the emissions it has reduced or offset elsewhere.
The credit union says it reached its goal by:
- reducing energy use by 50 per cent
- reducing staff car commuting by 13 per cent
- reducing paper consumption by 30 per cent
The credit union saved $2 million in energy costs alone, and what it couldn’t reduce, it offset by investing in emission reduction projects in B.C. and other areas.
