Key Group has announced it is to fund the planting of enough trees in the UK to offset all of its historic direct carbon emissions.
To compensate for its historic environmental impact, the later life servicing group revealed it has funded, through verified offsetting schemes, enough trees to sequester the equivalent amount of carbon emissions produced by the business since its launch.
With the help of energy consultancy firm, Inspired PLC, Key has been a carbon neutral organisation since 2020 having annually purchased offsets to cover the operational Scope 1 and 2 emissions it produces.
Key has over 700 employees and stated that being carbon neutral is part of the group’s strategy to minimise its environmental impact as it works towards the ultimate aim of achieving net zero. The firm said it is working closely with Inspired PLC to develop a “robust strategy” to reach net zero.
Group CEO at Key Group, Simon Thompson, commented: “As a responsible employer and organisation operating in the UK, we are committed to supporting positive change when it comes to the environment, society and the communities we operate in. The offsetting of our carbon emissions is just one example of a host of different measures we have in place.
“Whether it is colleagues taking the time to engage with a charity of their choice or increasing the diversity of our teams or helping more people to support local communities, we know each of these are vitally important and we are delighted to be in a position to outline our approach.”
Head of carbon services at Inspired PLC, Kristina Beadle, added: “Sustainability and net-zero are undoubtably buzzwords at the moment, and we are seeing colleagues, customers and partners care more and more about a company’s approach to the environment and the communities they operate in.
“It is therefore great to work with a company like Key Group who are taking responsibility not only for their current and future environmental footprint, but also doing what they can to compensate for their historic impact.”
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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