The UK’s biggest supplier of fuel cards – the payment system that van and lorry drivers use to buy fuel – is launching a new service that can offset 100% of the carbon its customers currently release from the 1 billion litres of fuel they use each year.
UK Fuels, owned by Radius Payment Solutions, has partnered with UK-government endorsed carbon offsetting company Forest Carbon to invest in renewable energy projects. The new carbon offsetting service will benefit the 76,000 British businesses of all kinds which use fuel cards from UK Fuels, the 500,000 drivers who work for them and of course their customers.
Businesses which take up the new service can reduce their carbon footprint and support their social and environmental responsibilities while avoiding the risk of wasted investment in ineffective offsetting schemes.
UK Fuels has pledged not to take any profits from the new biodegradable ‘Radius Future’ fuel card. Companies will pay 1 penny on each litre of standard fuel, which will be invested by both Forest Carbon and UK Fuels. Renewable energy projects will include wind, hydro, waste-to-energy and solar power in countries including India, China, Turkey and Guatemala. These projects have been chosen for their ability to achieve immediate carbon neutrality.
UK Fuels customer footprints will be calculated using UK government conversion factors that correlate litres of diesel and petrol to the equivalent emissions in tonnes of CO2, and businesses which participate can request a certificate showing their carbon offsetting record.C