Press Release: 21 April 2014
ClimateCare is today celebrating being named as winner of a Queen’s Award for Enterprise, the UK’s highest accolade for business success, and hopes this acknowledgement will encourage new partners to work with it in order to tackle climate change and support sustainable development.
The company wins a Sustainable Development Award for outstanding contributions to poverty alleviation and tackling climate change. Its work with influential partners to develop and structure finance for integrated climate and development projects delivers environmental, health, economic and social benefits.
To date, it has helped reduce over 16.5 million tonnes of carbon dioxide emissions and improve the lives of more than 6 million people. For example, it has helped distribute over a million efficient cookstoves, provide 4.5 million people with safe water and supported the creation of a market for treadle pumps for crop irrigation which increase yields and disposable incomes for farmers.
ClimateCare CEO Edward Hanrahan said, “I am delighted that ClimateCare has received such a prestigious award. As the scientific evidence for climate change compels ever more urgent action, it’s timely that the Queen’s Awards have recognised a specialised sustainability practitioner, focussed on cutting carbon emissions and improving people’s lives.
“There is increasing acceptance about the need for large scale action to reduce global emissions. This, combined with the realisation that the least developed countries are already beginning to suffer from the effects of climate change, mean that it makes absolute sense to focus on projects that deliver both climate and development outcomes.
“I hope that such a positive endorsement about the effectiveness of our integrated climate and development approach will encourage more organisations to support our work, either through initial investment into projects, or to take full responsibility for their own climate impacts by purchasing the resulting carbon credits to provide ongoing finance streams for such projects.”
Partnership is central to ClimateCare’s approach and, since it was founded in 1997, it has brought together a variety of diverse organisations including international governments, NGOs, investors and businesses, to tackle some of the world’s greatest challenges. ClimateCare’s forward thinking and pioneering supporters include Aviva, The Co-operative, Jaguar Land Rover, The Swedish Energy Agency and Forum for the Future, to name but a few.
“Investing in high quality carbon and development projects, like those that ClimateCare offers, should be an essential part of the CSR and carbon management strategy of every responsible business,” says Jonathan Porritt, Founder, Forum for the Future. “I hope this award helps raise awareness amongst the international business and development communities about the real and measurable value that ClimateCare’s approach can deliver.”
“The Swedish Government is committed to supporting projects that deliver measurable outcomes for communities as well as the environment. We are proud to support ClimateCare’s clean cookstove programme in Ghana and congratulate them on receiving this award.” Christian Sommer, Swedish Energy Agency.
“Jaguar Land Rover has supported ClimateCare’s integrated approach to protecting the environment and improving lives since 2007. Using carbon finance for development makes simple, business sense and going forward, ClimateCare will help us both offset our manufacturing emissions and deliver against our target, to create opportunities for 12 million people around the world by 2020.” Jonathan Garrett, CSR Director, Jaguar Land Rover.
Photo caption: Through ClimateCare organisations support projects like the Gyapa Stoves Project, in Ghana. The locally manufactured Gyapa Stove cooks food more quickly, uses 40-50% less fuel and reduces exposure to toxic smoke. ClimateCare partnered with NGO Relief International back in 2007 to unlock carbon finance for this project, which has to date cut more than 1 million tonnes of CO2 emissions, created over 800 local jobs and saved local families more than $35million in fuel costs. Contact ClimateCare on +44(0)1865 591000 to support this, or similar projects.
Photo Caption: Through ClimateCare, organisations support projects like the award winning LifeStraw Carbon for Water project in Kenya. A partnership between ClimateCare and global health company Vestergaard, this project cuts carbon emissions and provides safe water to over 4.5 million people in Kenya. Contact ClimateCare on +44(0)1865 591000 to support this, or similar projects.
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.
ClimateCare is also looking for people to join its growing Oxford Team. Find out more at www.climatecare.org
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
Press enquiries and image requests
Please contact: Rhiannon Szmigielski, ClimateCare
Tel: +44 (0)1865 591008 / +44(0)7900 911531
> Green Futures: How sustainability awards can drive change