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Lloyds TBS: Stakeholder - Essay Example

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Companies destroy the environment and create global warming by discharging waste during the production of its goods and services. The government's ability to intervene by way of imposing taxes on companies that have or are capable of creating externalities in the environment has led to companies taking preventive measures by introducing programs in its firms to avoid contributing to the destruction of the environment.
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Lloyds TBS: Stakeholder
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Download file to see previous pages These are their four key performance indicators". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
The firm's energy consumption is spent on cooling, lighting and running computer systems. Lloyds TBS has " developed a set of energy-management tools (they call it their energy bible) to help their building managers calculate the financial and environmental savings from improved energy efficiency. The firms aim is to reduce energy consumption by 3GWH". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
Lloyds TBS has expanded its operations in over 27 countries (India being one such country). Due to the firm's presence in so many countries and in different parts of the UK, travel has become an essential part of their business. In 2004, flights between the UK and India and also flights between Edinburgh and other UK destinations accounted for more than 40% of the increase in air travel.
There has been an increase in road travel between 2001-2004, resulting in most of the vehicles of Lloyds being changed from petrol to diesel engine cars. "Diesel emits less carbon dioxide than petrol". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
The Environment Policy was created in 1996 bringing about improvements in waste recycling and efficient energy use within its firm.
The firm's energy consumption is spent on cooling, lighting and running computer systems. Lloyds TBS has " developed a set of energy-management tools (they call it their energy bible) to help their building managers calculate the financial and environmental savings from improved energy efficiency. The firms aim is to reduce energy consumption by 3GWH". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).

Lloyds TBS has expanded its operations in over 27 countries (India being one such country). Due to the firm's presence in so many countries and in different parts of the UK, travel has become an essential part of their business. In 2004, flights between the UK and India and also flights between Edinburgh and other UK destinations accounted for more than 40% of the increase in air travel.
There has been an increase in road travel between 2001-2004, resulting in most of the vehicles of Lloyds being changed from petrol to diesel engine cars. "Diesel emits less carbon dioxide than petrol". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
"In 2004, the firm agreed a contract that will result in five of the group's main buildings using energy from sustainable sources (hydro). This change will allow the firm to save over 11,000 tonnes of carbon dioxide increasing the use of renewable energy to 10% of total electricity consumption". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
The firm has not been able to achieve in finding alternatives to improve their water usage owing to the "resources that was allocated to manage the water reduction program was diverted to their oil storage program which was a requirement by law and which had a potentially greater environmental impact". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
The planned water saving program is expected to be achieved by mid 2005.
Lloyds TBS recycling schemes "include programs to recycle batteries, cardboard, CD's, mobile phones, paper, toner cartridges, and vending machine cups. The firm recycled 13.3 million vending cups in 2004 (34% up on 2003) and increased the amount of paper and cardboard recycled by 19% to 10,500 tonnes". (Corporate responsibility reports 2004. 2004. Lloyds TBS. 30 Apr. 2006. ).
Consumers' too are concerned about the environmental changes but the majority of them are unaware of the drastic effects that have taken place in the environment through their purchasing power. A consumer's purchasing power depends largely on factors such as the amount of disposal personal income available, his age, his ...Download file to see next pagesRead More
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