WEX Europe Services strengthens eco-friendly policy by unveiling carbon balancing initiative

14th November 2017

WEX Europe Services is delighted to announce that it has partnered with WeForest to create Eco Miles, a new carbon balancing scheme, which will support Esso Card™ fuel card customers in compensating the impact of carbon dioxide (CO2) emissions.

 To help its customers balance their carbon emissions, the programme offers a way to help customers fund the planting of new international woodlands, giving WEX Europe Services’ customers the opportunity to achieve environmental sustainability.

What is carbon balancing?

Carbon balancing is an internationally recognised method of taking responsibility and compensating for unavoidable carbon emissions. It allows individuals and companies to invest in environmental projects around the world to balance out their own carbon footprints.

Carbon compensation is a crucial element of Eco Miles, and, by working with WeForest, WEX Europe Services is confident that the planting and growth of trees will achieve comprehensively more than just suck the carbon dioxide from the atmosphere. Trees are proven as allies in reversing global warming:

  • Forests stabilise the climate by sucking CO2 out of the atmosphere and fixing it into soils and biomass

  • Fifty per cent of a tree’s biomass is carbon, which remains stored, and acts as a ‘carbon sink’, unless the tree decays or is burned

  • Global forests are estimated to hold more CO2 than the atmosphere

  • Forests balance Earth’s water-cycle – essential for cooling the climate

  • Planting trees in developing countries creates jobs and helps lift entire communities out of poverty

 

Customer benefits

 By signing up to Eco Miles, Esso Card™ cardholders can be proud of their contribution towards planting new woodlands and forests around the world, immersing themselves in a project that will allow their fuel consumption to be compensated and their contribution to making a genuine difference to the planet.

WEX Europe Services is confident its new programme will inspire partner companies to engage further in carbon reduction activities.

Available to any size of business or fleet throughout seven countries of WEX Europe Services’ network – the UK, Italy, Germany, Belgium; the Netherlands, Norway and Luxembourg – Eco Miles can be an influential and revolutionary initiative that WEX Europe Services is optimistic its customers will endorse.

Managing Director, Malcolm Joyce, said: “By investing in Eco Miles, customers have the unique opportunity to achieve environmental sustainability through carbon balancing. We consider sustainability as critical to our future success and that of our customers.

“Esso Card™ is a recognised brand in fuel cards, so we are delighted to be working with WeForest, supporting scalable reforestation projects.”

 

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