business
change
aSSEt managEmEnt
With customers increasingly banking
through branches as well as online and by
telephone, some of the major banks are
paying ever more attention to the high street.
Banks such as Barclays are extensively
refurbishing and modernising their branch
networks, one facet of which is to ensure
that energy use is well controlled.
The job in hand
a driver of this is the recognition that, for a
business of Barclays’ size, a focus on good
environmental performance, and developing
strategies to cut energy use and waste makes
good sense, commercially and for its reputa-
tion for sustainable behaviour. Barclays has
over 1,700 branches in the UK, all supported
12 by atkins’ asset management business.
Financial risk (the increasing cost of car-
bon), regulatory risk (such as EU targets on
energy use in buildings), and operational risk
(including increased insurance costs) all drive
the embedding of a sustainable approach to
energy across the bank’s operations. and
then there is reputation risk. a growing need
for transparency in the areas of corporate
responsibility and energy efficiency means
that any poor practices will be damaging.
Lynn Worthington is head of UK Retail
and Commercial Banking, Health, Safety and
Environment at Barclays. It’s her job to make
sure that Barclays’ buildings are using energy
efficiently in line with the company’s stated
aim of reducing its energy consumption by
20 per cent from 2005 levels by 2010. It also
aims to reduce its carbon intensity – a meas-
ure of emissions relative to business growth,
which allows comparisons to be made
between companies – from 16.8 tonnes to
12.6 tonnes CO
2
per £1m of UK income.
according to Worthington, the issue of
running an estate with an eye on sustainable
Lynn Worthington, head of UK Retail
practices has risen up the agenda in recent
and Commercial Banking, Health,
times. “In past years, say five to 10 years
Safety and Environment at Barclays
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