Sony Bank Becomes Japan's First Carbon-Neutral Bank
by Jasmin Malik Chua, Jersey City, USA 
on 08.29.08
Photo credit: Getty Images
Sony Bank has become Japan's first carbon-neutral bank, thanks to its purchase of renewable-energy credits. Issued by the Japan Natural Energy Company, the Green Power Certificate equals 1.1 million kilowatt hours—enough to cover the bank's entire annual electricity consumption—and saves the equivalent of 400 tons of greenhouse-gas emissions.
In addition, for clients who own funds that exceed a certain amount, Sony Bank will use part of their service charges to purchase emissions credits, which it will then donate to the Japanese government. Sony isn't alone in its carbon neutrality, however. In April, Canada's Vancouver City Savings Credit Union announced that it succeeded in its goal to become the first North American financial institution with a zero-carbon footprint, two years ahead of schedule. ::Japan for Sustainability
[Via ::LOHAS]
More on banks fighting global warming
Bank of America Offering Hybrid Reimbursement
Wells Fargo Bank on Renewable Energy
Dutch Bank to Offer Carbon Credits to Brazilian Farmers
Triodos Bank Explores 'Ethical Consumption'
Ulster Bank Offers UK's First Solar Mortgage
Thirsty for more? Check out these related articles:
- Focus on Focus Earth: "24" Pledged to Go Green More Than A Year Ago; Is It Carbon Neutral Yet?
- Top Green Gift Giving Meta-Guidelines, For All Seasons
- The 5-Minute Guide to the Senate Climate Bill
- Focus Earth Episode: That's (Green) Entertainment!
- Fred Mascherino on His Veggie Rabbit, Fire and a New Band Called 'Initials'
- Don't Just Offset Your Carbon Emissions, Retire Them!
Comments ()
