LONDON, June 4 /PRNewswire/ --
- www.ibuyeco.co.uk
To coincide with World Environment Day, model and green campaigner, Laura
Bailey, is helping to launch ibuyeco, the new eco-friendly car insurance
scheme which enables people to make a practical contribution to help tackle
global climate change. The launch is taking place in the heart of south west
London; the home of the infamous 'Chelsea Tractor' and a symbol of the
environmental problems caused by UK school runs.
Despite increasing environmental concerns, it is estimated
that the UK school run contributes over two million tonnes of CO2 per year(X)
(more than the annual emissions of the Bahamas!) However, with ibuyeco,
drivers can now use part of their insur ance to counter the damage done by
their cars to the environment by offsetting all of their CO2 emissions for
the duration of their policy.
One of the first schemes of its kind in the UK, ibuyeco is a
competitively priced insurance offering inclusive of the carbon offsetting
fee. A small additional amount is added to customers' insurance cost to
counter the damage done by driving a car. This is calculated based on the
type of vehicle and the estimated mileage details provided by customers.
Emissions are calculated using guidelines from several key groups and bodies,
including DEFRA (Department for Environment, Food and Rural Affairs). Despite
the addition, ibueyco compares well against other insurance products on the
market and research(XX) has shown that consumers can actually save money with
the scheme, compared to other brands; up to GBP175.88!
The additional amount contributes towards the funding of specific
projects via The CarbonNeutral Company (TCNC), one of the world's leading
full service carbon management businesses. The projects fall into different
categories, including energy efficiency, reforestation and renewable energy,
and are based both home and abroad.
(X) 'No More School Run', The Sutton Trust, 2005
(XX) Based on independent online research by Consumer Intelligence during
1st April 2007 to 30th April 2007. 10% of consumers achieve this saving with
ibuyeco Motor Insurance
Notes to editors:
- The CarbonNeutral Company is the world's leading full service
carbon management business, enabling businesses and individuals to tackle
their climate change impacts in a way which delivers value - commercial,
environmental, personal. Clients include: Silverjet, Avis Europe,
American Express, Honda, Berkely Homes, Barclays Bank, BSkyB, Crystal
Holidays, Royal & Sun Alliance, Volvo, Lex, Radio Taxis Group, Euro RSCG,
Ricoh, and Bovis Lend Lease.
- In London alone, 2.3 million tonnes of CO2 are produced each
year from London road traffic, equivalent to a jumbo jet flying to the
moon and back 71 times.
- Ibuyeco was launched by the Budget Group of Companies in
April 2007. The Budget Group of Companies (the Group) was founded in 1992
and has grown to become one of the UK's largest personal lines insurance
intermediaries, through a combination of organic growth and a series of
major strategic acquisitions (the last major acquisition was five years
ago).
The Group now arranges and administers insurance for over 1.7 million
customers, has contact centre operations (Fusion) in Peterborough, Coventry,
Sunderland, Peterlee in the UK, and Cape Town, South Africa, and a number of
websites, including - www.ibuyeco.co.uk and www.comparethemarket.com. The
Group currently employs over 2000 people with its head office in
Peterborough.
As an intermediary, the Group is able to access a wide range of
underwriters, making it highly competitive in the marketplace offering core
products such as motor, home, commercial vehicle and motorcycle insurance.
The Group also offers a wide range of supplementary products, which include
breakdown cover, legal protection, travel insurance and mortgage payment
protection insurance.
BISL Ltd, part of the Budget Group of Companies is authorised and
regulated by the Financial Services Authority.
Registered in England no 3231094
ibuyeco
If you need further information, please contact Jim Hawker or Kelly Stroud at Threepipe on +44-(0)20-7470-8830, Email: jim@threepipe.co.uk / Kelly@threepipe.co.uk
