Glenhawk earns carbon neutral rating | Mortgage Strategy

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Glenhawk has earned a carbon neutral certification from the Carbon Trust.

The lender says that using Carbon Trust’s calculations, it releases around 3 tonnes of carbon dioxide equivalent (CO2e), which it has compensated for through the buying of 30 tonnes of carbon offsets though the ClimateCare standard portfolio.

It adds that it will be making further changes to its operations to improve efficiency further, which includes taking account of and tackling the Carbon Trust’s scope 3 category emissions, which means business travel, waste disposal and business investments, among others.

Glenhawk group treasurer Daron Kularatnam says: “The world we operate in today is transitioning to a multi-stakeholder model where businesses are being measured by their ability to serve not only the shareholders but also its customers, employees, society and the environment.

“We see an opportunity for Glenhawk to drive the green agenda within the short term lending sector, with this certification the first of a series of near term initiatives which will show we are serious about delivering meaningful impact for the benefit of all our stakeholders.”

And chief executive Guy Harrington adds: “This achievement is aligned with our wider corporate ethos of doing things differently. It represents the latest step in our longer-term ambitions to demonstrate the role that the alternative lending sector has to play in solving the climate change crisis.”

Earlier this week, Danske Bank’s Northern Ireland arm launched a mortgage boasting a carbon neutral rating, with emissions being offset by investments in wind power in India.


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