Analysis
Premier Farnell, in partnership with NGO United Bank of Carbon, donates two solar-powered medicine fridges to the village of Tongwe in Tanzania
Building upon the strong focus on the company’s Trust Agenda, Premier Farnell plc (LSE:pfl), today announced its recent partnership with non-governmental organization (NGO) - the United Bank of Carbon (UBoC) - to support projects aimed at reducing de-forestation. The company is using innovative electronic design solutions to support the development of a sustainable rainforest reserve and local community in Tanzania, protecting an area of rainforest from de-forestation.
It hIn February 2011, Premier Farnell began a partnership with UBoC by donating two solar-powered medicine fridges to the village of Tongwe in Tanzania, an area that is home to a rich diversity of biology, including significant chimpanzee habitats.
“Premier Farnell is investing in the prevention of de-forestation promoting sustainable technologies that deliver tangible benefits to rain forest communities that would otherwise have to do without, or use polluting fossil fuel equivalents,” said Steven Webb, Group Company Secretary of Premier Farnell. “This demonstrates our commitment to a sustainable business strategy and to our “Trust Agenda”.”
In 2010 Premier Farnell was named as the highest ranking FTSE 250 company distributing electronic design engineering components to design engineers in the new FTSE CDP Carbon Strategy 350 Index and was awarded the Carbon Trust Standard (CTS) for measuring, managing and reducing its carbon footprint for its UK-based operations and committing to further reductions year on year. The company has already reduced its global carbon footprint by 20% within a period of three years.