Category Archives: Awards

Press Release: ClimateCare becomes one of the UK’s first Certified B Corporations

ClimateCare, a leader in the delivery of corporate and government programmes to protect the environment and improve people’s lives, today announced that it has received certification as one of the UK’s Founding B Corporations.

Referred to as “the highest standard for socially responsible business” Certified B Corporations go through a rigorous assessment of their business practices and are judged to achieve higher standards of social and environmental performance, transparency and accountability.

I’m delighted to be joining this international community of forward thinking socially and environmentally conscious businesses”, says CEO Edward Hanrahan.

Since it was founded, ClimateCare has balanced delivery of three things: Social Impact, Environmental Impact and Profit. Achieving B Corporation status is a great endorsement of the positive impacts we create and, perhaps more importantly, it stands as an independent benchmark and certification of the ethical way we run our business, something that the whole ClimateCare team, our clients and our partners are immensely proud of.”

With an 18 year track record ClimateCare is living proof that commercial businesses can deliver positive impacts at scale. In the last 7 years alone the business has effectively deployed $100million to deliver measurable social and environmental outcomes for corporate and government clients.

B Corporation have awarded ClimateCare a score of 141.4 points (compared to an average of 97 points), but CEO Edward Hanrahan sees this as the starting point, saying: “A key benefit of the B Corporation system is that it identifies areas of strength and areas for improvement. We’re already using the results to identify where we can push the boundaries further. I particularly look forward to tapping into the knowledge and expertise of fellow B Corp members who I hope will challenge us and help us continue to improve.”

An influential organisation with hundreds of corporate clients, ClimateCare also plans to promote the B Corporation movement to its broader network. By encouraging its partners to adopt some of the core principles, it hopes to harness the power of its business community to deliver further positive change.

“We are delighted to welcome ClimateCare to our founding UK B Corp Community” said James Perry, Co-ordinator, UK Launch, B Lab UK.

“The B Corp movement is a global community of businesses who are using the power of business to solve social and environmental problems. It includes more than 1,300 businesses in 40 countries and over 120 industries. The UK is well placed to help lead this global movement, and companies such as ClimateCare are a great example of a business taking leadership in their field.”

 B Corp network photo

Image Caption: ClimateCare becomes a Certified B Corporation, joining a global movement dedicated to using business as a force for good.

 

About ClimateCare

We believe that climate change, poverty and sustainable development are so interlinked that they cannot be tackled in isolation. And, given the size of the challenges, we cannot rely solely on government aid to solve them. Businesses, governments and civil society must work collectively to deliver the speed and scale of change required to secure a sustainable future.

From our offices in the UK and Africa, we work with hundreds of organisations to deliver integrated Climate+Care programmes which protect the environment and improve lives. To date we’ve improved life for over 6 million people whilst cutting 16.5 million tonnes of carbon emissions and we’ve set an ambitious vision for 2020.

Find out more at www.climatecare.org

 

About B Corporations

Certified B Corporations meet the highest standards of overall social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build collective voice through the power of the unifying B Corporation brand. There are more than 1,300 Certified B Corporations from over 120 industries and nearly 40 countries with 1 unifying goal – to redefine success in business. B Corporations are leaders of the global movement of People Using Business as a Force for Good.

 

About B Lab

B Lab is a nonprofit organization that serves a global movement of People Using Business as a Force for Good. Its vision is that one day all companies will compete to be Best for the World and as a result society enjoys a shared and durable prosperity. B Lab drives this systemic change through a number of interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) promoting usage of Mission Aligned corporate structures to increase efficacy of social entrepreneurship and impact investing; 3) promoting Measure What Matters campaigns to increase use of free, powerful tools for businesses to measure, compare and improve their social and environmental performance (more than 20,000 businesses use B Lab’s free B Impact Assessment). 4) developing B Analytics, a customizable platform to help investors and institutions measure, benchmark, and report on the impact of the businesses with whom they work and in whom they invest. For more information, visit www.bcorporation.net, www.bimpactassessment.net, www.b-analytics.net and www.benefitcorp.net.

 

 

Press enquiries and image requests

Please contact: Rhiannon Szmigielski, ClimateCare

Tel: +44 (0)1865 591008

Email: rhiannon.szmigielski@climatecare.org

 

ClimateCare voted Best Project Developer Public Health for the third year running

PRESS RELEASE
17 June 2015

 

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We are delighted that for the third consecutive year our customers and peers have voted ClimateCare as Best Project Developer – Public Health, in the prestigious Environmental Finance Voluntary Carbon Market Ranking.

Three years ago Environmental Finance created this new award category to “reflect growing demand from offset buyers for projects that deliver measurable outcomes beyond emissions reductions”. Three years later, ClimateCare’s position as market leader remains undisputed.

“Thank you to all our clients, customers and competitors who voted for us. We are delighted to be recognised for our world leading expertise in developing and delivering integrated projects designed to improve lives as well as cut carbon”, said ClimateCare CEO Edward Hanrahan.

Integrated Climate+Care programmes are not a niche concept. Behind the scenes ClimateCare remains one of the largest retailers of voluntary carbon offsets by volume and works with partners to deliver some of the most extensive climate and development programmes in the world.

“Corporate and Government partners choose ClimateCare because of its expertise in delivering cost effective projects that drive change at scale” says Head of Partnerships, Robert Stevens. “Our integrated Climate+Care programmes are designed to tackle poverty, improve health, create jobs and protect the environment, but they also help to create viable new markets with the potential to scale around the world and deliver lasting change.”

ClimateCare is moving beyond simple carbon finance for its projects, increasingly designing bespoke finance for programmes that deliver a suite of pre-agreed environmental and sustainable development outcomes.

This allows corporate clients to demonstrate increased business relevance and value by delivering priority outcomes in the most cost effective way. It also allows them to drive funding to projects in locations of their choice – be that to key markets or within their own supply chains.

Underpinning all this is ClimateCare’s experience designing and delivering effective projects, and that is why this award is so important.

“Eighteen years’ experience has taught us that it’s not easy to deliver successful sustainable development projects at scale”, says Tom Morton, Director of ClimateCare in Nairobi. “Our clients benefit from the unrivalled knowledge of our project team, our learning to date and our expertise in structuring project finance. These things allow us to reduce risk for clients and bring partners together, making budgets go further through joined up action.”

Hear what some of our partners and clients think about this integrated Climate+Care approach in this video, which sets out ClimateCare’s vision for 2020.

 

Notes to editors

ClimateCare

ClimateCare is a profit for purpose company. We believe that climate change, poverty and sustainable development cannot be tackled in isolation. And that we cannot rely solely on aid. Governments and business must work together to deliver the speed and scale of change required to secure a sustainable future.

That’s why, for the past 18 years, we have mobilised the power and scale of both private and public finance for integrated Climate+Care programmes, which deliver positive environmental and social impacts around the world.

We combine the vision of a social enterprise and the commercial experience of an investment bank. Leveraging mainstream funding, we profitably deliver some of the largest, most successful sustainability initiatives in the world. To date we have worked with hundreds of partners to cut over 16.5 million tonnes of CO2 and at the same time, improved the lives of 6 million people.

Businesses and Governments alike, see the value and sense in our integrated Climate+Care approach and we have set an ambitious vision for 2020. To cut a further 20 million tonnes of CO2 and improve the lives of another 20 million people.

Find out more at www.climatecare.org

Twitter: @ClimateCare

 

Press enquiries and image requests

Please contact: Rhiannon Szmigielski, ClimateCare

Tel: +44 (0)1865 591008

Email: rhiannon.szmigielski@climatecare.org

 

ClimateCare Wins Carbon Finance Transaction of the Year Award

PRESS RELEASE:logo-climatecare1.gif
Thursday 2 April 2015

 

ClimateCare is delighted to win Environmental Finance’s Carbon Finance Transaction of the Year award, for a project that is kick-starting a new market for clean burning ethanol cookers that save lives and help tackle climate change. The award acknowledges its pioneering Revolving Fund model, something ClimateCare believes will act as a blue print for financing sustainable development projects around the world.

Speaking of ClimateCare’s award win, Radha Muthiah, CEO UN Foundation’s Global Alliance for Clean Cookstoves said: “We’re delighted that ClimateCare’s work to develop innovative finance for clean cookstoves and fuels has been acknowledged with this award. Their work to kick-start a market for next generation ethanol cookstoves – which virtually eliminate household air pollution – has the potential to save many millions of lives. It’s exactly this kind of initiative that is needed to create a thriving global market for clean household cooking solutions that will save lives, improve livelihoods, empower women and protect the environment.”

Jonathon Porritt, Founder, Forum for the Future said: “ClimateCare’s revolving fund model and cookstoves programme exemplify the real value that can be achieved from businesses collaborating with government to deliver innovative financial models at scale. This award-winning ethanol stoves project and DFID partnership is a leading example of new ways to finance sustainable development programmes, which both improve lives and tackle climate change.”

 

A New Market for Ethanol Cookers Will Save Lives and Fight Climate Change

In Kenya, 68% of household, primary energy still comes from woody biomass. The majority of this is burnt on smoky open fires and inefficient cooking stoves leading to air pollution and contributing to climate change. Demand for wood fuel also leads to deforestation, devastates biodiversity, reduces habitat for endangered species and reduces carbon uptake by forests.

Toxic fumes from these traditional cooking methods also have an impact, killing approximately 14,300 people in Kenya every year, and damaging the health of many more.

The UN endorses the provision of modern, efficient stoves (which reduce fumes and particulate matter) to address this issue.

Ethanol fuel (made from molasses, a bi-product of Kenya’s sugar manufacturing industry) is a clean burning, renewable fuel that cuts out indoor air pollution, saving lives. Using ethanol fuel also lowers greenhouse gas emissions – one ethanol stove saving 5 tonnes of CO2 per year, helping tackle climate change.

Whilst production of ethanol fuel might seem an obvious solution to household energy needs, ethanol cookers are out of reach financially for many families. As a consequence, there is limited accessibility of cookers and no distribution network for fuel.

ClimateCare, which has developed innovative financing streams for sustainable development for more than a decade, set out to address this and kick start the market for ethanol cookers and fuel. This meant selling cookers and ethanol fuel in tandem, creating distribution channels and marketing and selling the concept on the ground.

At least 8,000 families will benefit from the initial project, and as the concept is rolled out with new partners and in new locations, ClimateCare expect 50,000 people to benefit by the end of 2015. “But the overall impact will be much greater than this” explains ClimateCare CEO Edward Hanrahan. “Like many new markets, this one needs some help to pump-prime at the beginning. We expect the market to grow exponentially over time, as more people see the benefits and convenience of switching from woody biomass to ethanol. This will help create a steady, financially viable source of demand for the fuel and from there the market begins to function in its own right, bringing positive health and climate benefits at scale. To us, this represents true sustainability and as a profit for purpose business focussed on reducing emissions and improving lives, that is our ultimate aim.”

 

Judith-Awino-PR

Photo caption: Judith Awino sells ethanol fuel in Kibera. This distribution chain for fuel creates jobs and as the market commercialises will be part of the value chain that makes the programme financially sustainable over the longer term.

 

What’s the Role of Carbon Finance?

Carbon finance provides a partial but vital part of the finance for this project, and Hanrahan sees this award as an acknowledgement that the role of carbon finance is changing; “Carbon finance still plays a vital role in these projects and represents the value placed on the abated emission. The Sustainable Development impacts are a separate output and their value should be considered as a separate element. However by blending these separate outputs we can provide more resilient finance for the project, whilst still monitoring and valuing the carbon reduction outputs. This project is prime example of this blended finance model and I’m delighted it has been acknowledged through this award.”

 

Revolving-Fund-Image

Picture Caption: ClimateCare’s Revolving Fund model.

The Revolving Fund was initiated using donor finance from UK AID. The fund is used to subsidise the price of ethanol stoves, making them affordable to communities. It also provides loans to assist purchase through local saving co-operatives, with a payback facility through the M-Pesa Pay Bill system. Sales of carbon credits top up the element of the fund that is reduced by providing the initial stove subsidy, allowing the fund to reach more and more people, and the project to grow. This Revolving Fund model is a blue print that ClimateCare is already rolling out across other projects.

ClimateCare has already had interest from several parties in purchasing the carbon credits from this project. The buyer will be playing an essential role in helping change the way people cook, for good – tackling poverty, improving health and protecting the environment.

 

Vote for this Project

This project has been nominated for a 2 degrees Champions Award under the Social Value category. Please show your support for this project by voting on the 2degrees website and help us demonstrate the potential for ethanol cookers to improve lives and tackle climate change.

-ENDS-

 

Press Enquiries and Image Requests

Please contact: Rhiannon Szmigielski, ClimateCare
Tel: +44 (0)1865 591008
Email: rhiannon.szmigielski@climatecare.org

 

Notes to Editors

ClimateCare
ClimateCare is a profit for purpose company. We believe that climate change, poverty and sustainable development cannot be tackled in isolation. And that we cannot rely solely on aid. Governments and business must work together to deliver the speed and scale of change required to secure a sustainable future.

That’s why, for the past 18 years, we have mobilised the power and scale of both private and public finance for integrated Climate+Care programmes, which deliver positive environmental and social impacts around the world.

We combine the vision of a social enterprise and the commercial experience of an investment bank. Leveraging mainstream funding, we profitably deliver some of the largest, most successful sustainability initiatives in the world. To date we have worked with hundreds of partners to cut over 16.5 million tonnes of CO2 and at the same time, improved the lives of 6 million people.

Businesses and Governments alike, see the value and sense in our integrated Climate+Care approach and we have set an ambitious vision for 2020. To cut a further 20 million tonnes of CO2 and improve the lives of another 20 million people.

Find out more at www.climatecare.org

Twitter: @ClimateCare

 

ClimateCare and Efficient Cookstoves
ClimateCare is a leader in the implementation of cookstove projects and was a signatory at the UN’s recent Global Alliance of Clean Cookstoves Summit.

Nearly 3 billion people still cook their food and heat their homes with traditional cookstoves or open fires and 4 million people die prematurely every year from exposure to smoke from these cooking methods – more than HIV, malaria and tuberculosis combined.

Improved cookstoves offer a simple solution, reducing indoor air pollution. They also cut fuel costs for families, create local jobs and help tackle climate change.

ClimateCare led the development of innovative funding for cookstoves. It wrote the first consolidated methodology that allowed carbon finance to be used to support clean cookstoves and was the first company in the world to fund an improved cookstove project through carbon finance. Through this mechanism to date, it has improved life for 6.5 million people through cookstove projects and cut 2.6 million tonnes of CO2.

Key supporters of cookstove projects include Jaguar Land Rover, who funded the first ever Gold Standard cookstove project through ClimateCare, and who have helped provide stoves to 832,000 families. The Co-operative and Aviva have also made significant contributions funding provision of stoves to 350,000 and 57,000 families respectively.

And if everyone already offsetting voluntary carbon emissions did so through a cookstove project, together they could help improve the lives of 432 million people, saving them £7 billion in fuel costs and generating £229 million of employment.

 

Partners in this Initial Ethanol Cooker Project

  • UK Department for International Development – The Department for International Development (DFID) is leading the UK Government’s fight against poverty. Through its Climate Change programme, it contributes to the overall UK International Climate Fund (ICF) objectives on low carbon and climate resilient development.
  • Safi International – a bioethanol stove and fuel company, designing, developing and manufacturing modern bioethanol cookers.
  • Umande Trust – a community trust in Kibera, specialising in both sanitation and micro finance, empowering members through access to new savings and credit facilities.

SUSTAINABILITY LEADERS GATHER TO CELEBRATE CLIMATECARE QUEEN’S AWARD

Press Release: 7 October 2014

Sustainability professionals from some of Britain’s best known companies gathered today to celebrate the presentation to ClimateCare of a Queen’s Award for Enterprise by Mr Tim Stevenson OBE, Her Majesty’s representative in Oxfordshire.  Climate and development expert ClimateCare was recognised in the Sustainable Development category for its outstanding contribution to poverty alleviation and tackling climate change.

ClimateCare Directors Edward Hanrahan and Tom Morton receive the Queen's Award

ClimateCare Directors Edward Hanrahan and Tom Morton receive the Queen’s Award from Mr Tim Stevenson OBE, Lord Lieutenant of Oxfordshire.

From its base in Oxford and project office in Nairobi, ClimateCare works with major global partners in business, NGOs and international governments to tackle some of the world’s most pressing issues, such as indoor air pollution, climate change and safe water provision, whilst delivering positive health and economic outcomes for communities in the developing world.

For ClimateCare CEO Edward Hanrahan, today is not just about celebrating business success, but acknowledging the passion, expertise and dedication of the ClimateCare team and its partners. Always looking to the future, Hanrahan also took the opportunity of this award ceremony to gather a select group of leading sustainability practitioners for a private roundtable, to openly share best practice and to discuss how an integrated Climate and Development approach could become more mainstream.

“Today has been an opportunity to thank our staff and our partners and to recognise their contribution in helping ClimateCare achieve this prestigious award. We are delighted that our work with leading public and private sector organisations, many of whom are represented here today, has already led to improvements in life for more than 6 million people and cut over 16.5million tonnes of carbon – but, of course, there is much more to do,” said Hanrahan.

Zelda Bentham, head of environment and climate change at insurance company Aviva, who attended today’s celebrations, said “Working with ClimateCare enables Aviva to make a measurable difference to people’s lives and at the same time take responsibility for its operational emissions. We’ve used the LBG methodology to confirm that over the last three years our ClimateCare programme has improved the lives of 395,000 people through cookstove and safe water projects, and cut over 250,000 tonnes of CO2.”

Another organisation represented was BITC Responsible Business of the Year 2013, Jaguar Land Rover, also a 2014 Queen’s Award winner. As a first step towards its target to create opportunities for 12 million people around the world by 2020, Jaguar Land Rover works with ClimateCare to support the entire Busia area of the LifeStraw project, helping to provide safe water to 700,000 people and at the same time, cutting enough carbon to offset its UK manufacturing emissions for an entire year.

Jonathan Garrett, CSR Director, Jaguar Land Rover explains “ClimateCare ensure we invest our budget in projects that deliver robust and tangible results. We are excited about continuing our work with the team to drive significant and meaningful change as we work towards a more sustainable future.”

Other guests present at the event included The Co-operative, and leading sustainability consultants, Forum for the Future; to name a few.

ClimateCare has worked with The Co-operative Group for over twelve years. “ClimateCare delivers projects that provide verified community benefits as well as carbon reductions, supporting our ethos as a leader in social responsibility. Most recently they have created new partnerships to help us benefit 14,000 people in our own 99-brand Fairtrade tea producer communities, while achieving carbon dioxide emissions reductions for our Funeralcare business and our ‘ecoinsurance’ motor product,” says Ben Norbury, The Co-operative.

ClimateCare’s Edward Hanrahan sees the Queen’s Award as an acknowledgement of the value of the organisations integrated Climate plus Care approach. “Since the announcement of the Queen’s Award, we have seen an increase in interest from other like-minded businesses looking to deliver better value for money by fulfilling their corporation social responsibility goals while also tackling carbon emissions.”

Mr Tim Stevenson OBE, Her Majesty’s representative in Oxfordshire presenting today’s Queen’s Award to ClimateCare, added: “With the business community becoming ever more engaged in social and environmental responsibility programmes, it is wonderful to see an Oxford-born business such as ClimateCare, use their expertise to help global businesses and governments address their policy goals and take real action on sustainable development – tackling climate change and improving lives. Well done to the team and to all their partners represented here today. I know that the Queen’s Award will inspire others to follow in their footsteps”

Photo Caption: Sustainability leaders at ClimateCare’s Queen’s Award presentation ceremony, toast ClimateCare’s achievement.

 

Notes to editors

ClimateCare

ClimateCare mobilises the power and scale of private finance to deliver projects with positive environmental and social impacts around the world. We combine the vision of a social enterprise and the commercial experience of an investment bank. Leveraging mainstream funding, we profitably deliver some of the largest, most successful corporate sustainability initiatives in the world.

From offices in Africa, Europe and Asia Pacific we help many of the world’s leading brands, organisations and governments scale up the impact of their initiatives. By investing their resources in projects that directly combat climate change and poverty, improve health and increase community welfare, we build better futures for millions of people around the world.

Find out more at www.climatecare.org

Queen’s Award

Queen’s Awards have been announced this year for outstanding business achievement in the fields of International Trade, Innovation and Sustainable Development.

The awards are made annually by HM The Queen, and are only given for the highest levels of excellence demonstrated in each category.

Winners of the Queen’s Awards can expect an invitation to attend a special reception at Buckingham Palace. They can also use The Queen’s Award Emblem in advertising, marketing and on packaging for a period of five years as a symbol of their quality and success.

To find out more visit www.gov.uk/queens-awards-for-enterprise Add detail.

Press enquiries and image requests

Please contact: RhiannonSzmigielski, ClimateCare

Tel: +44 (0)1865 591000

Email: rhiannon.szmigielski@climatecare.org