Since 2010, NIBC is a carbon neutral organisation. This means we measure our carbon emissions, realise substantial reductions and compensate for remaining emissions. Through awareness programmes, NIBC also encourages employees to take their environmental responsibilities seriously.
Total carbon emissions of NIBC in 2012 were 2,343 tonnes (2011: 2,461 tonnes), including emissions from energy use and business travel.
Carbon emissions green energy
In 2012 emission factors for green energy changed. Until 2012 green energy always received an emission factor of 0, whereas now several different forms of green energy (e.g. wind, water, biomass) are assigned a small factor to match the energy which is lost during its production. Because of this it is difficult to compare the total emissions for 2012 to those of 2011. Had the emissions factors not changed, the total CO2 emissions would have been 2300 tonnes instead of 2343.
Reducing energy use
In 2012, we completed a comprehensive plan to to further reduce the energy consumption and carbon emissions of our head office building in The Hague and improve the energy label to A/ B. A new thermal storage system to heat and cool the building became operational this year, further reducing our energy use. The system has been in use since July 2012, and therefor only next year the full effects of the installation will be expressed in our carbon footprint. Energy-saving presence detector lights and solar panels also help limit our carbon emissions. All these measures are expected to reduce NIBC's energy use by 25% by end-2013, compared to 2009. Click here for article in Banking Review on the renovation of our The Hague office (Dutch only).
Click here for further details about our footprint
Although improvements to reduce our carbon emissions were made, Verified Emissions Reduction credits from the Climate Neutral Group were purchased to become completely carbon neutral. These credits meet stringent international criteria (Gold Standard). The carbon credits are generated through carbon offset projects such as wind farms, hydropower plants, solar panels and biogas and bio compost projects. By purchasing these carbon credits NIBC supports sustainable energy projects and helps to counteract climate changes. Moreover, these projects typically contribute to the local development of a country. Employment opportunities, access to energy and improvement of living conditions are key factors for Climate Neutral Group to invest in a certain project.