Blue Ridge Bankshares pledges to eliminate single-use plastics by 2024

The new policy supports its ambition to achieve climate neutrality by 2040

Net Hero Podcast

Blue Ridge Bankshares has made a pledge to eliminate single-use plastics by 2024 as part of its commitment towards its 2040 carbon-neutral goal.

The new policy will transition the company away from the use of plastics such as plastic bottles, utensils, straws, food service ware and other plastic materials over the next two years.

The bank is said to be one of only nine in the US and the first in Virginia to commit to environmental sustainability through the Net Zero Banking Alliance (NZBA), an industry-led, UN-convened alliance of banks worldwide, committed to aligning lending and investment portfolios with net zero emissions.

It also partnered with ChargePoint to install two charging stations for electric vehicles (EVs) in the greater Richmond region.

Brian K. Plum, President and Chief Executive Officer of the Company said: “Plastic consumption and waste have a meaningful and sustained negative impact on our environment.

“Phasing out single-use plastics and strengthening our recycling efforts is a quick way to establish an important win as we continue elevating our carbon reduction work. We are committed to continued adaptation, innovation and improvement of business practices to attain our carbon-reduction efforts on and hopefully before schedule.”