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Fairbairn Private Bank first to recycle office furniture

7 November 2007

FAIRBAIRN PRIVATE BANK’S FURNITURE SETS SAIL TO UK FOR RECYCLING

Fairbairn Private Bank has become the first company in Jersey to make full use of a newly introduced recycling scheme for office furniture. To coordinate its recent move to new premises in St Helier, the bank commissioned Jersey based Style Office to supply all new office furniture and to provide move management services. As part of the service, Style suggested the old, unwanted furniture could be sent to the UK for recycling and the bank welcomed this opportunity to do its bit for the environment.

Apparently, the average office worker ‘owns’ approximately 0.25 tonnes of office furniture including desk, chair, storage and a share of meeting room and reception furniture.  If this is prevented from being disposed of in a landfill, approximately 375kg of carbon would be saved from being released into the atmosphere.  If the office furniture from an office of 100 workers were to be recycled, then approximately 37.5 tonnes of “locked in” carbon emissions could be saved.

The new Jersey scheme is run in conjunction with UK furniture recycling specialists, Green-works, which is a not for profit organisation that processes, reuses and recycles unwanted office furniture as it depots in London and around the country.  Green-works accepts all office furniture, in any condition, including chairs, notice boards, desks, safes, pictures, fire extinguishers, lamps, heaters and even waste bins.  The company guarantees that nothing ends up in landfill; what cannot be reused is recycled.  Reusable furniture is refurbished or remanufactured and sold at very low rates to charities, schools, community groups and hospitals.  In addition, Green-works provides employment and training opportunities for disadvantaged groups, as well as creating jobs in deprived areas.

Fairbairn Private Bank, which moved recently to its new premises at Fairbairn House, 31 The Esplanade, thought the scheme was such a great idea it did not hesitate in volunteering to become the first company to make use of the recycling initiative. In addition to the environmental benefits of the scheme, Style Office donates £250, for every container of furniture shipped, to Jersey Hospice, a charity also supported by the bank.

David Stearn, Head of Private Banking at Fairbairn Private Bank, commented: “This initiative is the first of its kind in Jersey and provides the business community on the Island with a fantastic opportunity to take a lead in recycling. We knew that our old furniture would not be suitable for the new offices and therefore we were keen to find an environmentally friendly way to dispose of it.  What better way than to recycle the furniture and in the process help various UK charities and good causes. It also provided an additional means to support our local staff nominated charity, Jersey Hospice.”

The bank is dedicated to considering the environment in all aspects of its operations and also recycles its paper, glass, printer cartridges and used stamps to support a range of charities on the Island.

Ends

For Further Information:

Janet Taylor or Lesley Allegro                                                  Tel: +44 (0)1624 645000

Issued By:

Lisa Creighton, Isle of Man Advertising and PR Ltd                  Tel: +44 (0)1624 620440

Notes to Editor:

Fairbairn Private Bank operates a comprehensive private and personal banking operation on behalf of a wide range of clients. These include private individuals, small and large companies, trusts, governments and institutional investors. A full range of banking, investment, trust and corporate services can be accessed through its offices in the Isle of Man, Jersey and its representative office in South Africa.

Fairbairn Private Bank is a member of the Old Mutual Group.

When referring to Fairbairn Private Bank – please ensure that the company name is printed in full and not abbreviated.