OSB Group sets target to reach net zero and joins the UN Net Zero Banking Alliance

OSB Group has joined the United Nations Net Zero Banking Alliance (NZBA) and announced its plans to achieve net zero emissions by 2050.

The specialist finance firm aims to cut all emissions made through the group’s operating footprint by 2030, and to reduce all emissions across its business activities — including how and where customers use its products and services — by 2050.

From 2022, the group will announce new products and services to support and invest in greener finance and tackle climate change.

Andy Golding, CEO at OSB Group (pictured above), said: “I am delighted that, to demonstrate our continued and long-term dedication to climate change, we have joined the NZBA and committed to assist with our industry’s efforts to hit its decarbonisation goals and to achieve net zero gas emissions by 2050.

“Not only have we committed to mitigate the operational emissions of 2021, we are doing the same for 2020 and will continue to do so while we progress towards net zero. 

“We've carefully selected quality, verified carbon mitigation schemes, focusing on areas aligned to the decarbonisation of the housing sector. 

“The projects include a solar energy project in India, which brings reliable solar power and solar water heating systems to buildings reliant on grid electricity, large scale renewable energy infrastructure projects that reduce greenhouse gas emissions, and a smaller initiative in the built environment, where bricks for housing are mechanically compressed, avoiding the need for firing and saving the equivalent of 14 trees per home.

“We believe that, even though there is much detail still to be defined in the UK’s goal to cut greenhouse gas emissions, it’s critical for us to make the pledges we have announced today and to take a committed stance. 

“This commitment has energised us to develop detailed plans to achieve this ambitious goal for the group and its stakeholders and I’m looking forward to the journey ahead of us.”

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