Banks can make vast savings by promoting energy efficiency

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Courtesy of Vital Efficienci Ltd.

The banking sector should seriously considers sustainability and energy efficiency to grasp substantial energy savings. As Barclays, together with HSBC and Standard Chartered, have begun to look at the possibility of relocating offshore, the need for saving costs by introducing energy efficiency measures within the banking sector has become more urgent.

Last month, the banking industry launched its campaign to fight off global regulatory proposals that could force the largest banks to hold more capital against potential losses than their smaller competitors. The launch of this campaign has been followed by recent news saying that banks such as Barclays, together with HSBC and Standard Chartered, looking at the possibility of relocating offshore due to the increasing regulatory and taxation burden in the UK that has followed the banking crisis.


 

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