Our Decarbonisation Priorities
We’re on a journey to reduce our carbon footprint and support our customers and partners to make a positive difference. This means we’re developing financial solutions that can support our customers in addressing the climate agenda whilst remaining committed to reducing our own emissions.
Strategy
Our decarbonisation aspiration is to direct the flow of finance towards sectors that have a positive, environmental impact. By embedding a culture of sustainability, setting clear targets, and sharing them with colleagues, customers and stakeholders, we believe we can make a meaningful contribution. Our aspirational targets have been set with the Paris Agreement, our expertise and the United Nations’ Sustainable Development Goals (UN SDGs) in mind.
We’ve established specialised decarbonisation teams across the Group, shared our ambitious decarbonisation targets with stakeholders, completed five years of GHG emissions accounting and have projects and initiatives underway across Novuna in support of our objectives.
Our Focus Areas
We have structured our Environmental Strategy around four key areas.
Embed a culture of sustainability and reduce our own emissions
Setting out clear, measurable targets and the initiatives we need to reach them, such as cutting our gas, electricity, water and paper consumption and reducing business travel.
Focus on where we can make a real difference
Leveraging Novuna’s considerable experience and expertise to make a substantial contribution to reducing emissions in the transport sector, which produces up to 24% of the UK’s total emissions, by pioneering alternative sustainable fuels and a fit for purpose EV charging network.
Direct our funds towards more sustainable assets
Focus on growing green assets through the provision of sustainable products and services including EV’s, solar and wind power, battery storage and enhancing our own benefits including EV-only company cars and hybrid working practices.
Support our customers’ transition to low-emissions mobility
Helping customers transform to cleaner fleets with a target to have 100% of our car and small van fleet electric by 2030.