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MVB Financial Corp. Announces Achievement of Carbon Neutral Status
FAIRMONT, W. Va.--(BUSINESS WIRE)-- MVB Financial Corp. (“MVBF,” “MVB Financial” or “MVB”) (Nasdaq: MVBF) has announced the successful completion of its plan
About this update from Mvb Financial Corp.
[{"type":"text","content":" FAIRMONT, W. Va.--(BUSINESS WIRE)--\nMVB Financial Corp. (“MVBF,” “MVB Financial” or “MVB”) (Nasdaq: MVBF) has announced the successful completion of its plan to achieve Carbon Neutral status.\n\n“As trusted partners on the financial frontier and stewards for our environment, MVB initiated several projects in 2021 related to data collection, energy efficiency and ultimately reducing our carbon footprint. One of MVB’s core values is Respect, Love and Caring, which we call RLC, and this work directly ties into living that value,” said Don Robinson, President and Chief Financial Officer for MVB Financial.\n\nTo better understand its overall environmental impact, MVB launched its first Environmental Emissions Study in 3Q 2021 for all MVB business and banking center locations in partnership with Boston-based sustainability company, GreenFeet. The mission of GreenFeet is to help reduce the world’s carbon footprint by providing an easy to use and accessible solution for companies of all sizes to quickly and painlessly manage and ultimately reduce their emissions in line with international agreements and targets.\n\nUtilizing the GreenFeet platform and support from their knowledgeable staff, MVB gathered emissions data from a variety of categories such as Team Member commuting, air travel, real estate and shipping. GreenFeet used information from 2020 and 2021 to populate MVB’s Emissions Report. MVB is actively managing routine data updates to measure emissions over time to meet future sustainability goals.\n\nSupporting local business and the environment, MVB also entered into an agreement with Parthian Battery Solutions, a West Virginia-based business, to install solar panels with Parthian’s batteries at four MVB banking center locations in North Central West Virginia.\n\n“Renewable energy and electric vehicle technologies are relatively new and growing rapidly. In regard to electric vehicles, we determine whether their retired batteries are capable of being reused and repurpose them in second-use applications with renewable energy sources. This ensures the most amount of value is extracted from the batteries, while simultaneously minimizing their environmental impact,” said August Chico, Founder and CEO of Parthian Battery Solutions.\n\n“When the battery is taken from the car, it can still maintain upwards of 85% of its original cap...