Insights
Stonehage Fleming selects Climate Care as carbon offset partner
Supporting best practice projects that deliver value for the environment, businesses and local communities
Ranked as the ‘Best Project Developer in the Voluntary Carbon Market’, Climate Care, has led the way in developing what it calls ‘Climate+Care’ projects.
Climate+Care brings together a number of quality climate and development projects to create a high impact portfolio, supporting hundreds of schemes with multiple social and environmental outcomes for communities around the world.
A recent project in the Gola Rainforest in Sierra Leone resulted in many positive outcomes. These include the protection of the critically endangered western chimpanzee and pygmy hippo, the reintroduction of lost skills in sustainable cocoa production and helping rebuild communities following the civil war and the Ebola outbreak. Furthermore, the initiative ensures that millions of tonnes of carbon remain locked within Gola’s trees and in the earth below. The project continues to reduce global carbon emissions by half a million tonnes of CO2e – or carbon dioxide equivalent – annually.
“As an international business we are keenly aware of the impact our flights have on the environment. Identifying a means of offsetting this impact was one of the earliest items on our ESG agenda. We calculated that from April 2019 to March 2020 we produced 266 metric tons of CO2 and are delighted to be partnering with Climate Care to offset this through projects which create meaningful change and are positively impacting communities globally,” said Guy Hudson, Head of Marketing and chairman of Stonehage Fleming’s ESG steering committee.
Carbon offsetting is an internationally recognised way to take responsibility for unavoidable carbon emissions. Offsetting one tonne of carbon means there will be one less tonne of carbon dioxide in the atmosphere than there would otherwise have been. According to Climate Care it is the fastest way to achieve emissions reductions and the only way to achieve carbon neutrality.
Read more about the global projects funded by the ‘Climate+Care’ portfolio.