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NEW REPORT LAUNCHED TODAY: BEST PRACTICE FOR USING THE SUSTAINABLE DEVELOPMENT GOALS

ClimateCare’s strategic partner Gold Standard, along with WWF, have published a new set of guidelines that highlight how to design and deliver SDG strategies and avoid the pitfalls of ‘SDG-washing’.

Download your copy here

If you are interested in aligning your sustainability programme to the SDGs, our impact measurement and communication experts would be delighted to talk to you about how to develop, implement and communicate an effective SDG programme and deliver robust, verifiable results that add value to your business and your brand.

Call us on 01865 591000 or email business@climatecare.org for a copy of our SDG Programme Information.

Exclusive partnership with ClimateCare will bring new finance to Gola Rainforest Project

5th of February 2018, Oxford. We are delighted to announce that Gola Rainforest Conservation, comprising partners the Government of Sierra Leone, the Conservation Society of Sierra Leone and the RSPB -one of the world’s foremost conservation charities- have partnered exclusively with climate and development experts ClimateCare, to offer the opportunity to purchase carbon credits from its unique Gola REDD+ Project in Sierra Leone.

The project is using climate finance to protect 140,000 hectares of the largest remaining area of the Upper Guinea Tropical Forest which at the end of the 19th century stretched from Sierra Leone in the West to Ghana in the East. Less than a fifth of the forest remains today. The project reduces the impacts of global climate change by preventing the release of almost 5m tonnes of carbon that is stored in the forest.

Through this exclusive partnership, over 950,000 tonnes of VERs, certified to VCS/CCB Double Gold, are available immediately for purchase through ClimateCare.

Sierra Leone is one of the world’s least developed countries (ranked 179 out of 188 on the Human Development Index). In remote areas like the Greater Gola Landscape communities are disenfranchised and highly dependent on natural resources; subsistence agriculture accounts for 90% of their livelihoods. The project, which conserves the recently designated Gola Rainforest National Park, is the first of its kind to be developed in this country and indeed West Africa. The area has been recognised as one of the 25 most important global biodiversity hotspots[1] and is home to nine endangered species including the critically endangered iconic Pygmy Hippo, and 60 threatened species, which the project will help protect.

“This project combines critical forest and wildlife conservation work with a raft of social and community benefits, from sustainable cocoa production to the provision of saving and lending schemes,” commented Emily Woodfield, Head of Tropical Forest Landscapes Unit, RSPB. “We are delighted to be partnering with longstanding climate finance experts ClimateCare who will give the project access to large international corporate funders who support its aims.”

Working with local stakeholders, the project is ensuring local communities appreciate the value of the standing forest and can develop sustainable livelihoods on agricultural land and unprotected areas, reducing illegal encroachment into the newly formed Park.  This work all contributes to the rebuilding of lives following over a decade of civil war and more recently the worst ever recorded Ebola outbreak. The project is working with farmers to develop opportunities in sustainable cocoa production. In its first two years, the project reached 53 villages and approximately 2,770 farmers and in 2017 resulted in the export of 13 metric tonnes of rainforest-friendly cocoa. Exports are forecast to reach 50 tonnes in 2018.

“Gola REDD+ is an exceptionally high quality exemplar project that presents a unique opportunity for Corporates who are concerned about deforestation, keen to support wildlife conservation and species preservation, whilst taking responsibility for their carbon emissions” said Edward Hanrahan, CEO of ClimateCare. “We believe the involvement of the RSPB as one of the world’s foremost conservation organisations will appeal to organisations with a strong sense of environmental and social integrity, as well as those whose products or services impact on the world’s forests.”

[1] Myers et al, 2000

 

 

 

 

African Pygmy Kingfisher

 

 

 

 

 Livelihood interventions include vegetable production, including cassava

About the Project

Started in 2012, the Project is being managed by the Gola Rainforest Conservation not-for-profit company, founded by three partner organisations – the Government of Sierra Leone, the RSPB and The Conservation Society of Sierra Leone (CSSL) and local communities. Key to the project’s success is the ability to demonstrate that protecting forest resources can be both socially and environmentally beneficial, thus the revenues from carbon finance are critical.

As 90% of the population of forest edge communities are dependent on subsistence agriculture for their livelihoods, project activities have been aligned to the needs of local people. Following consultation with key stakeholders from 122 communities, the project management team has put in place a comprehensive programme for communities, including, to date:

  • 35 farmer field schools established with so far, 450 registered members representing 32 of the communities. This has resulted in the very first international export of 13 metric tonnes of rainforest-friendly cocoa (2017), forecasted to reach 50 tonnes in 2018.
  • 90 Master Farmers (to support/cascade training) have been trained in 2017 alone.
  • 35 Community managed Loan Schemes have been established to allow communities to buy equipment/seeds etc. to support implementing farmer field school training on their land.
  • Training/loan schemes have resulted in increased crop yields from existing farmland –for example, ground nut yields have increased by 80% within one year.
  • 16 villages have participated in cocoa mapping and cocoa growing support. In total, 42 cocoa farmer groups have been established with over a thousand registered farmers.
  • 152 young people have been trained in cocoa rehabilitation.
  • 658 scholarships for secondary schools were awarded in the past year.

The Gola Rainforest is home to 327 bird species, the elusive pygmy hippo, a population of 300 chimpanzees and 49 species of larger mammal.

The REDD+ project has a combined VCS and CCB Double Gold Validation for biodiversity protection which was conducted by the Rainforest Alliance.

 

Organisations interested in supporting this, or similar projects across the developing world should contact the ClimateCare team on +44(0)1865 591000 or email business@climatecare.org to request pricing for carbon credits.

ClimateCare works with corporate and government partners to deliver world leading emission reduction and development programmes.

Our experts design integrated programmes and implement them – selecting and devising the best projects to tackle poverty, improve health, protect the environment and deliver value for the organisations involved.

This unique Climate+Care approach is a cost effective way for corporates to take full responsibility for their climate and social impacts and for the public sector to deliver more efficiency for its spend.

The market leader for over 20 years, by unlocking new sources of finance and leveraging mainstream funding, we deliver some of the largest and most successful sustainability initiatives in the world.

Our work has an immediate and measurable impact for people and the environment: to date we have cut over 21 million tonnes of CO2 and improved life for over 16.5 million people.

Find out more at www.climatecare.org

Follow ClimateCare on twitter: @ClimateCare

How can you manage potential reputational risks when purchasing an emission reductions portfolio?

Managing reputational risk on a carbon reduction project requires extensive experience and expertise in project development, delivery and measurement – something frequently overlooked by advisors and Corporates themselves when selecting a new portfolio of projects to support.

Purchasing a carbon credit through an approved standard such as those recognised by ICROA means an assurance level that the carbon reduction is real and verified, and that where applicable your investment supports the delivery of measurable, positive impacts on the ground. However, project work in developing countries is, by its nature, a complex and drawn out process, often involving multiple counterparties across national and local government, communities and NGOs as well as private corporations.   It is essential that your advisor or project supplier has an Enhanced Due Diligence programme in place to identify, screen and exclude any projects where the involvement or actions of a counterparty could damage your brand and reputation – whether those actions are specifically related to the project in question or not.

Such Enhanced Due Diligence is not always routinely practiced, but is, in our view a vital and standard part of selecting project portfolios for clients.

Even where such a process is in place, it is advisable to choose a partner who has extensive on the ground experience, as well as portfolio management experience – as many of the best intentioned projects still require experienced management support to avoid common pitfalls and to ensure that they remain viable over the long term.

As an award winning project developer, and the trusted carbon partner for some of the World’s leading companies and brands, ClimateCare has unique expertise in this area, built over more than two decades.

Our team has extensive, first-hand knowledge of project development, management and carbon asset development. In addition, we have developed best practice approaches for the industry, initiating the development of the voluntary market body, ICROA (the International Carbon Reduction and Offsetting Association).

ClimateCare formed part of the cornerstone of J.P. Morgan’s Environmental Markets division – and that time helped us refine our own Enhanced Due Diligence process – as well as counterparty risk, allowing us to identify, anticipate and focus on mitigation of end to end risks, including those related to the project on the ground, credit delivery and issuance, specific country concerns, currency management, market outlook and double counting or claiming of credits.

Our sector leading project screening process is tailored to the specific project and conducted by experienced members of staff.  We only use credits generated from the highest quality standards available, this ensures that the credits we include in a client’s portfolio are verified and additional.  We then use our proprietary due diligence procedures to evaluate individual projects, taking into account a wide range of potential risks and impacts.

As well as a review of the full carbon and independent audit paperwork, we also review other public and private documentation through Derogatory Information Assessments, which cover both the specific project and wider activities of key counterparties involved. These processes have been developed further through our application of Investment Bank grade KYC (Know Your Customer) procedures for contracting project partners.

This whole process means we know as much as reasonably and appropriately possible about the emission reductions that we provide our clients, and crucially, the projects and associated counterparties, reducing risk and ensuring full accountability.

Whilst identifying and excluding such issues from your emission reduction portfolio might sound complicated, thankfully, it is something that your portfolio advisors should be doing as a standard part of the service they offer you. However, in an effort to reduce costs, or present a lower face value ‘price per tonne’, many advisors omit these checks from their programmes. The provision of such service has always been and remains one of the most important elements of your programme, and is something that the team at ClimateCare will always include as standard for every client.

We are delighted to talk to Corporates about how our enhanced risk management process can help protect their brand and reputation, and to offer advice for any business concerned about the portfolio of projects they currently support.

Contact the Client Services team on +44(0)1865 591000.

ELIZABETH WILLIAMS

Lizzy is an expert in the carbon markets. She helps ClimateCare partners procure carbon credits quickly, efficiently and cost effectively through projects which match their requirements and pass our strict assessment criteria.

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Co-op Insurance supports clean cooking for 140,000 people in Ghana

27th November 2017. ClimateCare’s partner Co-op Insurance recently launched a campaign to highlight its ongoing support for the Gyapa efficient cookstove project in Ghana.

The campaign draws attention to the Co-op Insurance’s most recent programme, delivered in collaboration with ClimateCare, which seeks to reduce global carbon emissions by offsetting 10% of its motor and home insurance customers’ carbon emissions for a year as standard.

By supporting the Gyapa stoves project, Co-op Insurance is supporting access to cleaner cooking for over 140,000 people, reducing carbon emissions at scale, creating employment and reducing poverty.

Elaborating on why Co-op Insurance is supporting the Gyapa stoves project, Mark Summerfield, the CEO of Co-op Insurance explained:

“We offer new customers carbon offset as standard on all home and motor policies, at no extra cost. We have chosen this project specifically as in addition to its environmental impact, it offers excellent long-term social benefits such as job creation, and is helping to facilitate a better quality of life for thousands in the developing world.

 “We all have a part to play in addressing the pressing issue of climate change, and through this offer we’re making it easier than ever for Co-op customers to make that choice.”

The project is one of many which the Co-op has supported over the past decade. In collaboration with ClimateCare, the Co-op Group has compensated for over one million tonnes of carbon emissions through projects which improve lives and reduce emissions.

Edward Hanrahan, the CEO of ClimateCare, commented:

“We’re very proud to be partnered with Co-op Insurance, which continues to demonstrate its long- standing commitment to mitigating climate change and improving lives. By tying climate action into its products as standard, Co-Op Insurance is showing real ambition on climate change, and driving carbon emissions reductions at scale. Through projects such as Gyapa stoves, Co-op and ClimateCare are working together to enable scalable, locally appropriate solutions to climate change which create opportunities and develop skills in some of the world’s underserved communities.”

For more information about the programme visit Co-op Insurance’s website, or watch a short video on the Gyapa stove project here.

To learn how your organisation can develop a similar sustainable development project, please get in touch with ClimateCare at business@climatecare.org.

ClimateCare simplifies renewable energy purchasing for corporates with new fully managed service

22 November 2017, Oxford. Climate and development specialist ClimateCare has refined its renewable energy offering to enable companies to meet their renewable energy goals in a streamlined, cost-effective way

As the renewable energy revolution gathers pace, ClimateCare is set to help companies cut through the complexity of purchasing renewable energy certificates across diverse global markets with its fully managed renewable energy service. The award-winning climate and development experts will streamline every aspect of managing the process, from matching companies’ operating locations to navigating diverse layers of certification and ensuring that clients purchase certificates from environmentally sound projects.

As corporate interest has grown, following the GHG Protocol’s 2015 change to Scope 2 emissions reporting rules, ClimateCare’s move to refine its service is a direct response to feedback from companies that have experienced real challenges in purchasing renewable energy.

“The opportunity to ‘zero rate’ emissions associated with purchased electricity has provided companies with a strategic means of fulfilling renewable energy and carbon reduction commitments,” explains George Beechener, Client Manager at ClimateCare. “However, the reality of procuring and managing tens of thousands of certificates in a complex global market has been far from simple. We’re offering companies a transparent, straightforward way to manage their renewable energy portfolio by entrusting their purchases to an expert partner.”

The new fully managed service is also timely as stakeholders, including the investment community, push for action on climate risks, policy-makers move to introduce new regulations to fulfil Paris Agreement pledges and companies seek to gain a competitive edge by demonstrating leadership on sustainability.

So how will the service work?

A dedicated ClimateCare account manager works closely with clients, forming a deep understanding of the company’s renewable energy requirements and stakeholder priorities, tailoring a portfolio designed to meet their needs and providing clear updates on pricing. ClimateCare’s brand and marketing experts will also help companies to maximise the value of their renewable energy purchases by advising on effective stakeholder communications.

“Opting for a comprehensive, fully managed service with a trusted, independent partner is an efficient, cost-effective way of balancing Scope 2 emissions and meeting sustainability targets,” continues George Beechener. “It also frees up sustainability and energy professionals to focus on other efforts to cut carbon.”

With 20 years’ experience in advising companies and governments on creating positive environmental impacts and in-depth knowledge of complex carbon trading and renewable energy systems, ClimateCare’s experts are well placed to guide companies through complex renewable energy purchases. In particular, the ClimateCare team has access to a diverse range of projects, locations and certificate types at a global level, and is able to match these with clients’ budget, volume and location requirements. Additionally, the team’s strict due diligence process provides companies with peace of mind surrounding the quality and integrity of their certificates.

As interest in renewable energy continues to grow, contact ClimateCare to understand how we could help you maximise your renewable energy investments on +44(0)1865 591000 or at business@climatecare.org.