RBS and Landsec commit to treble initiatives

Royal Bank of Scotland (RBS) and Landsec have announced their commitment to three initiatives of the Climate Group, these initiatives are focused on electric vehicles (EV100), energy productivity (EP100), and renewable power (RE100).

These are the first companies in the world to become members of all three corporate leadership initiatives.

RBS has announced it will switch 300 vehicles to electric and encourage staff uptake of EVs by building on the 12 charge points it already offers and providing a further 450 by 2025 and 600 by 2030, as a new member of EV100. The bank also joined EP100 and will improve its energy productivity by 40 per cent by 2025 against its 2015 baseline.

Landsec, one of the largest commercial property development and investment companies in the UK, will increase the number of EV charge points across its portfolio to over 300 by the end of 2019, as a new member of EV100. The company has been a member of EP100 since 2017 and is committed to doubling its energy productivity within 20 years from 2014 levels.

Both companies are already committed to 100 per cent renewable electricity as members of RE100 (led by The Climate Group in partnership with CDP), with Landsec already consuming over 95 per cent of its electricity from renewable sources and RBS almost 75 per cent of the way to its 2025 commitment. The bank has already achieved 100 per cent renewable electricity in the UK and Ireland.

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