Gatehouse Bank has announced that it has maintained its carbon neutral status for 2021.

The bank managed to offset emissions totalling 75.04 tonnes of carbon dioxide via Carbon Neutral Britain’s Climate Fund Portfolio of verified carbon offsetting projects around the world.

Gatehouse first measured its operational carbon footprint for the year in 2019. The bank has since taken significant steps to reduce its carbon footprint through measures such as its sustainable procurement policy, and new travel policy aiming to reduce emissions from business travel by 20%.

Carbon Neutral Britain independently certified that Gatehouse met all its standards in measuring, calculating and carbon offsetting organisational carbon emissions for the period between 1 January and 31 December in 2021.

This comes as Carbon Neutral Britain has calculated that businesses account for over 85% of the UK’s total greenhouse gas emissions, and reinforced the importance of corporate action in combatting climate change.

Director at Carbon Neutral Britain, James Poynter, commended Gatehouse’s efforts and said: “We are delighted to continue our partnership with Gatehouse to help identify and offset their environmental impact for 2021 and beyond.”

As one of the founding signatories to the UN Principles for Responsible Banking, Gatehouse also reiterated is committment to aligning its business activity with the United Nations Sustainable Development Goals and Paris Climate Agreement.

In line with these goals, the bank has set out future targets that include reducing emissions of its home finance portfolio by 35% by the year 2030, and to capture and improve the average Energy Performance Certificate (EPC) rating of its home finance portfolio.

Gatehouse CEO, Charles Haresnape, added: “It is clear that business has an important role to play in ensuring a sustainable future for all and Gatehouse is committed to playing its part. In 2022, we have extended our green offering for homebuyers and landlords, and are proud to have maintained our carbon-neutral status for another year.”

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