The 2012 Bloomberg Corporate Renewable Energy Index (CREX) shows 61% of our global energy use came from renewable sources. In the UK, the figure is 100%.
We also lent more than any other bank to renewable energy projects in the UK last year.
The CREX places RBS 8th in the list of UK companies assessed by Bloomberg - more than ten places higher than the next bank on the ranking.
The bank has transformed its efforts to support reductions in green house gas emissions. For example:
- £50 million set up to help the agriculture sector and small businesses to meet upfront costs of renewables projects
- The London Energy Efficiency Fund (LEEF) through which RBS provides loans for public sector organisations looking to reduce energy consumption by at least 20%. Half of the £100m funding is available through RBS
- £366m lent to renewable energy projects in the UK in 2011
- In the US, RBS arranged and distributed $1.8bn of debt capital in 2011. We recently won the Environmental Finance Award for Solar Deal of the year for the Topaz Solar Farm bond financing
- Ambitious carbon reduction targets, including cuts in energy, paper, water and air travel use. We estimate that as well as the environmental benefits, meeting the targets can save the bank £200m by 2020
The CREX report comes just a few days after we retained our place in the Dow Jones Sustainability World Index. This tracks the corporate sustainability of the world’s leading companies, and includes only the top 10% of the 2,500 largest listed companies assessed in the research.