New recycling scheme at Fairbairn Private Bank

9 November 2007

THINK BEFORE YOU BIN AT FAIRBAIRN PRIVATE BANK

Fairbairn Private Bank has introduced a new recycling scheme at its offices in St Mary’s Court, Hill Street and is hoping to inspire other companies to take action. The bank will now recycle glass, aluminium and plastic and St Mary’s Court property management company, Catalina Property Managers, have supported the scheme by allocating space for the recycling cage.

This latest recycling initiative will boost the current efforts already in operation at the bank, which includes recycling paper, composting biodegradable waste such as teabags and turning off appliances at the end of the day. The bank also works in collaboration with various charities to recycle used toner and printer cartridges, used stamps and old mobile phones. In addition, the bank embraces any means, electronic or otherwise, of minimising paper usage and reducing its carbon footprint and encourages clients to sign up for online account viewing where printed statements are not necessary.

Recently released recycling facts and figures* have inspired staff at the bank to take action. Shocking figures have calculated the decomposition rate of aluminium at 300 years, plastic at up to 500 years and glass will never decompose. Businesses and residents of the Isle of Man are responding to the problem and there is a welcome increase in the number of recycling facilities on-island, such as a glass recycling facility at Corlett’s quarry in Peel, where glass is recycled into patio paving flags, and organic peat free compost produced by Ballanevan in St Johns. These examples of how the island is adopting fresh approaches to recycling has encouraged staff at the bank to get involved in the new recycling scheme.

The bank is keen to follow the example set by parent company, Old Mutual, which recognises that it has an impact on the environment, both directly through the running of its offices and indirectly through meeting the investment needs of its clients. As such, the bank has been pursuing a number of ‘green’ initiatives, most recently in its Jersey office collaborating with Style Office, who recycled the bank’s old office furniture due to a change of office premises in Jersey.

Comments Greg Horton, Managing Director at the bank, ”Until long-term technological and cultural solutions to the problem of global warming are found, we all need to consider our impact on the environment. The bank is proud to raise its game and make a greater environmental contribution through this initiative. We will strive to make this latest project a success for the benefit of both current and future generations.”

* Source: http://www.recycling-guide.org.uk/, 2007

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

Photograph available

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.