UK-based Barclays has joined Climate Group’s EV100 initiative committing to electrify its fleets by 2030.
The multinational bank confirmed it would introduce a variety of electric vehicles (EV) in order to decarbonise its UK operations. This is of growing concern with the impending internal combustion engine (ICE) sale ban coming into force from 2030.
Although recognised as a global movement, the UK has reaped the benefits from the EV100 initiative with nearly 16,900 EV chargepoints having been installed by companies signed up to initiative.
“In March 2020 we become one of the first banks to announce an ambition to be net zero by 2050, which includes our operational emissions,” said Myriam Coneim, global sustainability and governance lead, operations at Barclays.
“To decarbonise our operations, earlier this year we committed to transitioning all of our UK vehicle fleet to electric by 2025 with an additional target of 2030 for our global fleet, using ultra-low emissions vehicles for the latter where electric is not viable.
Read more: Current+