Barclays to help clients reduce carbon emissions

Barclays has announced a collaboration with SaveMoneyCutCarbon (SMCC) to encourage its corporate banking clients to reduce their carbon, energy and water use, making their operations more sustainable.

As part of Barclays’ commitment to supporting clients to transition to sustainable alternatives, the collaboration will enable Barclays Corporate Banking clients to book a free video call with a SMCC mentor to explore their options. These include carbon reduction audits to identify untapped saving opportunities; end-to-end design, supply and installation of energy and water saving projects; and support with ESG reporting.

SMCC is a digital aggregator providing a market-place which brings together both effective products and specialist advice. Founded in 2012 it has helped its customers to reduce their carbon footprint and has been selected as the NHS Sustainability Supplier of the Year for its works with Cambridge University Hospitals’ Addenbrooke’s Hospital.

The collaboration is born out of Barclays’ 2020 investment in SMCC for a minority share, the first under the bank’s £175m Sustainable Impact Capital programme, which aims to make strategic investments in innovative, environmentally-focussed businesses, it should be noted however that Barclays will not receive any fee for referring clients to SMCC. Both SMCC and Barclays clients will now benefit from this collaboration, sparking relationships which align with Barclays’ support for a transition to a low-carbon economy.

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