Bristol-based Nearby Stores is to offset the carbon emissions of its electrical equipment by planting trees on a farm in Devon.
Nearbys, which operates under the Spar fascia in the South and West of England, has taken out a £45,000 Eco-lease on the purchase of new equipment, which ensures that the environmental damage it causes will be balanced out by investment in eco-friendly schemes.
Nearbys managing director Allen Hutchby said: "We are keen to do something to counter the effects of carbon emissions of our equipment. It costs us a bit more but at least we know that what we are paying genuinely covers our carbon footprint."
The Eco-lease is a new initiative offered by Henry Howard Finance, which leases assets to retailers including CCTV, refrigeration equipment and epos. The impact of the equipment's carbon emissions is calculated to a formula and a premium is added to the leasing agreement. This is then invested in schemes such as tree planting.
Nearbys, which operates under the Spar fascia in the South and West of England, has taken out a £45,000 Eco-lease on the purchase of new equipment, which ensures that the environmental damage it causes will be balanced out by investment in eco-friendly schemes.
Nearbys managing director Allen Hutchby said: "We are keen to do something to counter the effects of carbon emissions of our equipment. It costs us a bit more but at least we know that what we are paying genuinely covers our carbon footprint."
The Eco-lease is a new initiative offered by Henry Howard Finance, which leases assets to retailers including CCTV, refrigeration equipment and epos. The impact of the equipment's carbon emissions is calculated to a formula and a premium is added to the leasing agreement. This is then invested in schemes such as tree planting.
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