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   Web Issue 3191 July 5 2008   
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Vebnet introduces carbon offsetting to the company payroll
SIMON BAINApril 06 2007

Vebnet, the Edinburgh-based employee benefits software group, has launched the first scheme enabling employees to offset their individual carbon emissions through their payroll.

Vebnet has teamed up with PURE - the Clean Planet Trust charity - to create the initiative which has already been adop- ted for 10,000 staff by Centrica.

The software group says 250,000 employees from its 170 client organisations can now sign up for the scheme and "help combat climate change directly through their monthly pay".

Individuals can calculate carbon emissions online and compensate the environment for their own carbon dioxide pollution by "giving as they earn" through their flexible benefits programme provided by their employer.

PURE says: "Employees can calculate their carbon footprint with a link to PURE technology, and then choose to offset all or part of it in monthly payments from their pay, in a tax-efficient way, through their employer's use of Vebnet's flexible benefit technology."

It says that at today's prices, £5 per month from every employee already signed up in the flexible benefits programmes would eliminate over one million tonnes of emissions in one year.

PURE, the first UK charity dedicated to combating climate change by carbon offsetting, uses donations to buy, and then cancel or "retire", carbon credits in projects with Kyoto-approved, genuinely reduced carbon emissions.

Marcus Underhill, head of flexible benefits at Vebnet, commented: "Companies are under increasing pressure to make interventions when it comes to staff environmental activity. Now, they can take the lead with this easy process that supports their own corporate responsibility initiatives and help ensure benefits are linked to a social conscience. Also, this can be used as a salary-sacrifice scheme so organisations can gain maximum tax attractiveness on green contributions."


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Posted by: Dick on 11:48pm Thu 5 Apr 07
Carbon trading may ease consiences but it actually achieves absolutely nothing in terms of reducing actual emissions. These companies would be better off paying this money into a Scottish not for profit venture trust that could fund clean technology companies and help spin-out technology from the universities for the benefit of the Scottish economy.
Posted by: JEFF, WELWYN on 12:17pm Wed 18 Apr 07
Dick's comments are typical of the way we British always manage to winge, when anyone tries something new. If you suggest anything new, there is always someone to shoot it down.

Lets all try and be positive - offer an alternative such as the Scottish Not for Profit Venture Trust, which sounds good! But do not rubish the other idea, (unless you have some hard evidence that its fraud) it just turns us all off.
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