Get the app today! Download iPhone App Download Android App

NorgesGruppen Allocates NOK 7.5m For 2019 Environmental Fund

Published on Jan 10 2019 9:30 AM in Retail tagged: Sustainability / NorgesGruppen / Environmental Fund

NorgesGruppen Allocates NOK 7.5m For 2019 Environmental Fund

Norway's NorgesGruppen has announced that it has allocated NOK 7.5 million (€0.8 million) towards its environmental fund for 2019.

The funds provide support to employees for implementing power-saving measures in their homes, including the purchase of heat pumps and post-insulation devices.

Employees can also apply for support for purchasing environmentally-friendly transport measures for personal use.

The amount provided will partly support the purchase of electric cars, rechargeable hybrid cars, bicycles, electric bikes, and travel cards used in public transport.

Taxable Element

The support is treated as a taxable good by the group, and will be included in the salaries of recipients.

The funds are to be disbursed on a first come, first serve basis.

NorgesGruppen introduced the scheme for the first time in 2013 to encourage employees to reduce their energy consumption and emissions.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email