Redwood Bank has achieved a fresh accolade after taking great strides to improve its environmental record.

Redwood Bank has been recognised by accreditation scheme Investors in the Environment (iiE), which praised substantial reductions in paper and cardboard usage across the business.

Improvements such as these resulted in Redwood’s previous bronze-level accreditation being upgraded to silver.

Graham Reynolds, Director of Sustainability, said the accolade was testament to the hard work put in by Redwood management and colleagues.

He said: “We’ve been doing all we can to do our bit for the environment, with products such as the Green Reward cashback offer we have introduced for landlords.

“That product provides an incentive for landlords to achieve the best EPC rating they can.

“We follow that same ethos. We’re proud to have brought use of paper down by 15 per cent, and cardboard by 23 per cent – far surpassing the two per cent targets.

“We are committed to being a net-zero business as soon as possible, and we are working with an external partner to set out goals and plans to help us achieve that as soon as possible.

“This new silver accreditation is a very welcome milestone on our journey towards reducing emissions and waste.”

Redwood Bank’s reductions of paper and cardboard use were achieved through transitioning to use of digital methods wherever possible.

The iiE audit report also praised the impact of a waste management system at Redwood, with colleagues stepping up their efforts to follow correct waste segregation.

The company’s waste contractor sends zero waste to landfill, instead using general waste to create energy. Cardboard, plastic and cans are divided and collected separately.

A highlight of the report was the 100 per cent rating for Redwood’s environmental and social projects.

These have seen Redwood supporting an event to plant 600 new saplings, helping non-league Langford Football Club through volunteering, and backing education initiatives by attending career fairs.

Its Green Reward product for landlords gives cashback of up to 0.50 per cent of the net loan value on new deals completed on properties in the top three EPC ratings.

For more information on Redwood’s green product, click here.