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NorgesGruppen Earmarks NOK8.5m For 2020 Environmental Fund

Published on Jan 7 2020 11:00 AM in Retail tagged: Trending Posts / Norway / NorgesGruppen / Environmental Fund / World News

NorgesGruppen Earmarks NOK8.5m For 2020 Environmental Fund

Norwegian retailer NorgesGruppen has set an upper limit of NOK 8.5 million (€860,000) for its environmental fund for employees for the year 2020.

The fund provides financial support to employees for implementing power-saving measures in their homes and purchasing eco-friendly vehicles for personal use.

This year, the company will accept applications from employees amounting to a total of NOK 5.5 million (€560,000) in January.

For the remaining NOK 3 million (€310 million), the company will invite applications in August or September of this year.

The company has reduced the maximum support per employee from NOK 20,000 (just over €2,030) to NOK 12,500 (€1,270) to extend the financial support to more employees.

It has also removed hybrid cars from its list of eco-friendly vehicles as electric cars now offer improved options.

In 2019, the company allotted NOK 7.5 million (€760,000) for its environmental fund.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

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