Jaguar Land Rover has reduced its overall impact on the environment by 25% over the past five years. Find out how offsetting carbon emissions with ClimateCare is part of their integrated approach in this case study on Guardian Sustainable Business.
An annual state of the market report launched today, shows that businesses across the world continue to see the value of investing in projects that reduce carbon emissions, protect the environment and improve people’s lives, as a way to demonstrate industry leadership and take responsibility for their impacts.
Over the last year alone, the private sector has channelled $523million into projects that cut carbon emissions and $80 million of this, specifically into projects that distribute clean cookstoves and water filtration devices. These projects cut carbon, but also protect local forests, create jobs and improve health, for example by reducing families’ exposure to toxic fumes.
“ClimateCare is known for these integrated Climate and Development projects” explains ClimateCare Director, Edward Hanrahan. “This report confirms our confidence in the intentions of businesses to take real responsibility for their climate impacts, and to fund action on climate change through integrated projects that deliver real positive impacts on people’s lives.”
According to the State of the Voluntary Carbon Markets Report 2013, the private sector contracted 90% of all emission reductions in the voluntary carbon market in order to demonstrate corporate social responsibility and industry leadership. In addition, the report noted that business are working more closely with project developers, to ensure that projects deliver both the environmental and social benefits they are looking for.
“Over recent years we have seen a strong interest from international businesses in our integrated Climate and Development approach.” Says Hanrahan. “Our clients tell us that whilst they are initially attracted to ClimateCare by our world leading projects, as they work with us, they increasingly value our ability to tailor projects to deliver the specific, measurable outcomes they require, alongside our focus on bringing people together, to create innovative public/private/NGO partnerships that scale up activity and provide a win, win for everyone – business, people and the environment.”
State of the Voluntary Carbon Market Report 2013
The report, supported by ClimateCare, was launched at Carbon Expo in Barcelona, where ClimateCare Director Edward Hanrahan was on the panel.
The report’s executive summary is available at: http://www.forest-trends.org/vcm2013.php
The full report will be made freely available at the same link in late June
Since ClimateCare was founded, it has advocated integrated Climate and Development projects, designed from the outset to protect the environment and improve people’s lives. The Gyapa Stoves project is an excellent example of this approach. Having helped structure finance for this project, we’re delighted to see it cutting a record amount of carbon and having such a positive impact on the lives of local people. It’s exactly the type of result we hoped for when we first wrote the Gold Standard methodology and made it possible to fund projects like this through carbon finance.
ClimateCare was today ranked Best Project Developer – Public Health in the Environmental Finance and Carbon Finance Voluntary Carbon Market Ranking. This prestigious peer voted award acknowledges the organisation’s integrated Climate and Development model for projects that both protect the environment and improve people’s lives.
“Our decision to create a ‘Public Health’ category in project development is in response to growing demand from offset buyers for projects that deliver measurable outcomes beyond emissions reductions,” says Mark Nicholls, Editor of Environmental Finance.
“These projects, and the developers such as ClimateCare who have pioneered them, show how carbon market techniques – such as quantification, measurement, and cost-effective project development – can be applied to improving health in some of the poorest parts of the world.”
ClimateCare has focussed on projects that deliver multiple outcomes since 1997, writing the Gold Standard Methodology that allowed carbon finance for clean cookstove projects and later adapting it for safe water projects.
“It’s not about theory, but demonstrating and instigating real action on the ground” explains ClimateCare Director, Tom Morton
“We work with public and private sector delivery partners, designing and implementing world-first Climate and Development projects. Collaboration is key to find solutions that work for people and the planet. We’re therefore particularly pleased that this award is from our partners who have taken this opportunity to vote for us and recognise our unique approach. We’d like to thank every one of them for their support.”
Following a successful partnership across three events last year, Sustainable Business Magazine and edie.net have extended their agreement with ClimateCare to offset the carbon emissions associated with speaker and delegate travel to key events this year.
Travel by those attending six key events will be offset with the LifeStraw Carbon for Water project, a multi-award winning project recently selected by the UNFCCC to showcase how climate change activities bring social and environmental benefits in developing countries. As well as cutting carbon, the project delivers safe water to 4.5 million people in Kenya, which has the potential to dramatically improve health and protect the environment.
“We specialise in helping businesses, governments and NGOs take a smart approach to tackling some of the world’s most pressing environmental and sustainable development challenges, increasing impact and making best use of their social investment budget” explains ClimateCare Director, Edward Hanrahan.
ClimateCare has fifteen years’ experience running some of the most innovative and largest carbon offset programmes in the world. It is well known for its integrated Climate and Development solutions, which deliver multiple positive outcomes for communities across the world, as well as creating innovative partnerships between public and private sector.
“We’re delighted to work with ClimateCare on two fronts” says Head of Events Mark Baker. “One, they are helping us take measurable action to make our events more sustainable – one more step towards ensuring our own business is sustainable as those we write about. Secondly, we hope that this partnership will allow ClimateCare to share their messages with our event delegates, stimulating new action and partnerships that will benefit everyone.”
ClimateCare representatives will be available at each event, to discuss delegates’ sustainability challenges and explore ways they can take cost effective action to meet multiple Water, Carbon and Sustainability targets. Or you can contact the ClimateCare team directly on +44 (0)1865 591000 or by visiting www.climatecare.org
ClimateCare is an independent ‘profit for purpose’ organisation committed to tackling climate change, poverty and development issues. Our unique climate and development model funds ground-breaking projects spanning renewable energy, water purification and clean cookstove technology, cutting emissions and transforming millions of lives worldwide. We enable organisations to adopt a smart approach to addressing their environmental impacts by offsetting their carbon emissions and supporting sustainable development. Find out more at www.climatecare.org
LifeStraw Carbon for Water
This short video that explains how the LifeStraw Carbon for Water project works – http://www.youtube.com/watch?v=-o0Fsv6O8FE
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The events covered by this partnership include:
Sustainability Communications Forum
21st May, Inmarsat Conference Centre, London
Energy Management Forum 2013
14th May, One America Square Conference Centre, London
Responsible Procurement & Supplier Engagement
27th June, 76 Portland Place, London
Sustainability Leaders Forum 2013
21st November, Hotel Russell, London