carbon footprint Archives - Green Initiative - For a Climate and Nature Positive Planet

Why Financial Institutions Should Measure Their Carbon Footprint?

When discussing how to tackle climate change risks, the role of financial institutions is more important than ever. Banks, funds, and investors have the power to support the transition to a low-carbon economy. But to do that effectively, they need to start by asking a key question: What is the carbon footprint of their portfolio? Measuring the carbon emissions linked to loans and investments is one of the most pragmatic and powerful steps a financial institution can take. It’s about more than just sustainability reports or meeting regulations — it’s about knowing where they stand so they can make better decisions, reduce risks, and unlock new opportunities for financing. In this post, I’d like to explore why measuring and certifying the carbon footprint of investment portfolios matters and how the Green Initiative is helping financial institutions turn climate ambition into climate action. Let’s take a closer look, including a real example of how two financial organizations — AlphaMundi Group, a Swiss impact investment manager, and Bankamoda, a Colombian fintech for the fashion industry — are putting this into practice. Why Portfolio Emissions Matter? While a lot of money is being directed toward climate solutions (technology or nature-based), much of it isn’t reaching the businesses that need it most — especially small and medium-sized enterprises (SMEs). In Latin America and the Caribbean, for example, local commercial and development banks receive millions in mitigation finance but deploy less than 30% to the SMEs that are actually driving the transition. One major reason for this underperformance is that many financial institutions lack accurate data on the carbon emissions of the companies they engage with. That makes it difficult to identify climate risks, target high-impact investment opportunities, or access funding from climate-focused investors. The Benefits of Measuring Portfolio Emissions Here’s what happens when a financial institution starts tracking the carbon footprint of its portfolio: 1. Better Risk Management Knowing your portfolio’s carbon footprint helps you avoid investments that could become risky or obsolete in a low-carbon economy.Carbon-intensive investments carry serious financial risks due to regulatory pressure, stranded assets, and reputational damage. Knowing your emissions is the first step to managing them. 2. Easier Access to Climate Finance Funders — from multilateral banks to private investors — increasingly look for partners who can demonstrate climate impact. Financial institutions that consistently measure and report carbon emissions are better positioned to attract ESG and impact investors, and unlock opportunities such as green bonds and blended finance solutions. 3. Stronger Market Position Once financial institutions and their investees understand where carbon emissions are coming from, they can meaningfully engage in decarbonization. This insight enables the development of climate-smart financial products — such as green loans — and supports clients in reducing their own carbon footprints.The result? Financial institutions can deploy more climate mitigation finance, while companies gain competitive advantages through access to high-value, climate-linked solutions. Regulatory Change Is Coming — And So Is Opportunity With new climate-related trade regulations emerging — such as the EU’s Carbon Border Adjustment Mechanism (CBAM) and the Deforestation-Free Products Regulation (EUDR) — understanding and managing carbon emissions will become a core competency for any organization, including financial institutions. Helping clients adapt and integrate carbon footprint management into their business models is a crucial role for financial institutions — and likely one of the most important paths to unlock new revenue streams and resource mobilization. AlphaMundi’s Commitment to Climate-Smart Investing AlphaMundi Group— under the leadership of Tim Radjy— supports businesses that generate measurable social and environmental impact across Latin America and Sub-Saharan Africa. Recognizing the intrinsic connection between poverty alleviation, social wellbeing, and climate risks, AlphaMundi is progressively integrating decarbonization metrics into its investment fund goals. These new capacities will help AlphaMundi demonstrate its leadership in carbon mitigation, as well as its ability to identify and deploy climate finance opportunities. To make this happen, AlphaMundi partnered with the Green Initiative to decarbonize its portfolio, measure client emissions, set reduction targets, and facilitate access to climate finance. Bankamoda: A Case Study in Climate and Inclusion One of the companies benefiting from this approach is Bankamoda, a Colombian fintech led by entrepreneur María del Mar Palau. Bankamoda provides financial services to micro, small, and medium-sized businesses in Colombia’s fashion industry — a sector that is both economically vital and traditionally underserved by mainstream finance. With the support of AlphaMundi and guidance from the Green Initiative, Bankamoda has: How Green Initiative Makes It Simple This is where the Green Initiative comes in. With years of experience supporting organizations worldwide, it has developed a step-by-step framework to help financial institutions integrate climate action into core operations: The Time to Act is Now For financial institutions, measuring portfolio carbon emissions is more than a technical task — it’s a strategic move. By taking action, they can lead the shift toward a climate-smart economy, reduce risks, attract new funding, and fulfill their role as key agents of change. The partnership between AlphaMundi and Bankamoda shows what’s possible when financial institutions embrace climate finance as an emerging and fast-growing opportunity with tangible benefits for long-term prosperity and competitiveness. The sooner your institution begins this journey — turning climate ambition into climate action — the greater your role in catalyzing mitigation finance and decarbonizing the economy. With the support of the Green Initiative, your institution can begin measuring the carbon emissions of its investment portfolio today — pragmatically, effectively, and with a vision for a greener future. 💡 Ready to take the next step? Reach out to Green Initiative and start building a greener, more resilient portfolio today. This article was written by Tatiana Otaviano from the Green Initiative Team. Related Articles

Why Financial Institutions Should Measure Their Carbon Footprint? Read More »

Reducing the Carbon Footprint: The Impact and Leadership of the Senac Casa do Comércio School Restaurant

Leave a Comment / Green Initiative

In Salvador, Bahia – Brazil, the Senac Casa do Comércio School Restaurant, a benchmark National Service for Commercial Learning (Senac) benchmark project, is setting an inspiring example of how the gastronomy and hospitality sector can lead decarbonization efforts. This school restaurant not only provides high-quality education for its students but is also deeply committed to sustainability, achieving a significant reduction in its carbon emissions per customer served. A Journey Towards Carbon Neutrality In 2022, the Senac Casa do Comércio School Restaurant embarked on its decarbonization journey, aiming to become the first restaurant in Brazil certified as Carbon Neutral by Green Initiative, a leading climate certification company in the tourism sector. The process included: 2023 Achievements: A Significant Step in Decarbonization The success in reducing its carbon footprint in 2023 resulted from several mitigation measures. Key initiatives included: These actions reduced carbon emissions and fostered a culture of efficiency and environmental responsibility among staff. According to 2023 emissions calculations, the restaurant emitted 14.19 kg of CO2 per customer compared to 17.44 kg in 2021 a reduction of 18.64%, exceeding the annual target of 5.5%. Absolute emissions increased from 786.50 to 1089.11 tCO2eq due to a 70.23% rise in customers, but emissions per customer fell significantly, demonstrating planned, responsible resource use. Transparent and Rigorous Methodology Emissions were categorized as follows: Electricity-related emissions (Scope 2) were eliminated in 2023 by exclusively sourcing renewable energy. Calculations adhered to internationally recognized standards, ensuring data accuracy and transparency. Commitment to Sustainability The impact extends beyond the restaurant’s walls. The initiative promotes sustainable practices among staff, students, and customers, influencing the supply chain, tourism sector, and society at large. “Since 2022, we have strived to reduce carbon emissions at the Senac Casa do Comércio School Restaurant by 50% by 2030. This includes sourcing from local small-scale producers and adopting sustainable practices like composting and renewable energy use,” said Kelsor Gonçalves Fernandes, President of the Bahia Trade System. “The work we carry out at the Senac Casa do Comércio School Restaurant is an opportunity to transform the future of our students. At Senac Bahia, we integrate sustainable attitudes into our pedagogical model, training professionals who understand the importance of these practices in their fields of work. Through 360º training, focused on innovative solutions and aligned with the global climate agenda, we are preparing conscientious citizens capable of driving positive changes in the job market. We regularly hold discussions on the topic, address related issues in the classroom, and, beyond that, our students and teachers see the results of theory in practice”, said Ana Rita Marques de Andrade – Regional Director of Senac Bahia Education and Future Goals Senac integrates sustainability into its pedagogy, preparing students to drive positive market changes. This holistic approach fosters innovation and connects to global climate agendas. The restaurant plans to adopt advanced energy-efficiency technologies, expand local ingredient use, and deepen employee and community engagement. Conclusion The Senac Casa do Comércio School Restaurant exemplifies how sustainability can be woven into gastronomy and hospitality. Its efforts meet environmental targets and set a benchmark for excellence and responsibility in the industry. The restaurant inspires others to contribute to a low-carbon economy by combining culinary tradition with sustainable innovation. Related Articles:

Reducing the Carbon Footprint: The Impact and Leadership of the Senac Casa do Comércio School Restaurant Read More »

Origem Motos: Leading the Charge for Sustainable Mobility and Carbon Neutrality in Brazil

Leave a Comment / Green Initiative

Origem Motos, an innovative electric motorbike company based in Brazil, has emerged as a beacon of inspiration in an era marked by rapid urbanization, climate change, and the growing need for sustainable transportation solutions. Not only did their solutions immediately reduce GHG emissions compared to combustion motorcycles, but in 2023, they also went a step further by achieving the Carbon Neutral Certification, guaranteeing the complete offsetting of the emissions related to using and renting their electric motorbikes, in compliance with international standards. The Rise of Smart Electrical Transportation in Brazil The global transportation sector has significantly contributed to greenhouse gas emissions for decades, with gasoline and diesel-powered vehicles dominating the landscape. However, the urgent need to combat climate change has driven a surge in developing and adopting smart electrical transportation alternatives. Origem Motos is at the forefront of this transformative wave by pioneering electric motorbikes designed to cater to the needs of both individuals and businesses. With a robust electric motorbike fleet, Origem Motos is helping to reduce carbon emissions and usher in a cleaner, greener future for transportation in Brazil. Innovation at the Core Origem Motos is not just any electric motorbike company; it stands out due to its commitment to innovation. The company is pushing the boundaries of what electric motorbikes can offer regarding technology and performance. Here’s how Origem Motos is contributing to a more sustainable future: Advanced Electric Motorbikes Origem Motos designs eco-friendly, high-performance electric motorbikes. These bikes offer a cleaner and quieter riding experience while maintaining the power and range needed for urban transportation. Smart Charging Grid One of the most significant innovations is Origem Motos’ smart charging grid. It’s a network of strategically placed charging stations in the city that are easily accessible for riders. This infrastructure makes owning an electric motorbike more convenient and practical, addressing the range anxiety associated with electric vehicles. Cutting-Edge Technology Origem Motos incorporates state-of-the-art technology into their motorbikes. Features like smartphone integration, real-time data tracking, and GPS navigation enhance the riding experience and make electric motorbikes an attractive choice for tech-savvy consumers. Circular Economy in Practice Origem Motos’s approach to the circular economy is comprehensive, positively impacting the product’s lifecycle and the environment. This model is evident in several key areas: Design for Durability and Recyclability From the outset, Origem Motos designs its motorbikes to be durable, reducing the need for frequent replacements and minimizing waste. Additionally, the motorbikes are designed to be recyclable at the end of their lifecycle, ensuring that parts can be reused or repurposed, further reducing environmental impact. Product as a Service (PaaS) Origem Motos adopts a product-as-a-service model, offering leasing options for its electric motorbikes. This approach not only makes electric motorbikes more accessible but also ensures that Origem Motos retains responsibility for the maintenance, repair, and eventual recycling of the motorbikes. This model encourages efficient resource use and reduces waste. The circular economy model Origem Motos adopted significantly enhances their products’ value proposition. It reassures consumers that they are investing in a product that is not only innovative and accessible but also environmentally responsible. This model positions Origem Motos as a leader in sustainable practices within the transportation sector, reflecting a deep commitment to meeting the current needs of society and ensuring the well-being of future generations. Fighting Climate Change with Carbon Neutrality In 2023, the company took a step forward by achieving the Green Initiative’s Carbon Neutral Certification as a tangible expression of its commitment and dedication to sustainability. The process of obtaining the certification goes through 3 main steps: 1. Climate Pledge Companies like Origem Motos formally pledge to reduce their short- and long-term carbon footprint. This pledge serves as a guiding principle for their sustainability efforts. 2. Carbon Footprint Measurement A critical step in the certification process was the comprehensive measurement of Origem Motos’ carbon footprint, encompassing scopes 1, 2, and 3. This involved a rigorous assessment of direct and indirect emissions, from maintenance to transportation and other business activities. By identifying and quantifying these emissions, Origem Motos could pinpoint critical areas for reduction and set precise targets for improvement. 3. Carbon Credit Offset Origem Motos invested in high-impact carbon credits to neutralize its remaining carbon footprint. These credits support projects that reduce or capture greenhouse gas emissions from the atmosphere, such as Amazon forest conservation initiatives and developing clean energy technologies. This step offsets Origem Motos’ emissions and contributes to global efforts to combat climate change and promote sustainability. Building on the momentum of achieving carbon neutrality, Origem Motos is outlining its Climate Action Plan to further its commitment to environmental responsibility. This plan includes a series of ambitious targets and strategies designed to propel the company and its stakeholders towards a more sustainable future. Mitigating Climate Change through Electric Transportation in Brazil Brazil’s transition to electric transportation represents a transformative opportunity to address climate change while catalyzing socio-economic benefits. Electric vehicles have multifaceted advantages, highlighting their potential to revolutionize urban mobility, environmental health, and economic prosperity. Zero Tailpipe Emissions Electric motorbikes stand out for their absence of tailpipe emissions. Unlike traditional vehicles that release carbon dioxide, nitrogen oxides, and particulate matter, electric motorbikes offer a clean alternative, directly contributing to reducing urban air pollution. This shift is crucial for Brazil, where many cities grapple with air quality issues that directly impact public health. Broader Environmental Impact Beyond tailpipe emissions, the lifecycle emissions of electric vehicles, including manufacturing and electricity generation, are increasingly lower due to advancements in renewable energy and battery technologies. As Brazil advances its renewable energy capacity, the environmental footprint of electric transportation is set to decrease further, offering a sustainable path forward in reducing greenhouse gas emissions and combating climate change. Job Creation and Industry Development Brazil’s electric vehicle sector offers substantial economic opportunities. The development, manufacturing, and servicing of EVs and related infrastructure, such as charging stations and battery recycling facilities, can create new jobs and spur industrial growth. This sector’s expansion is poised to attract investments, foster technological innovation, and position

Origem Motos: Leading the Charge for Sustainable Mobility and Carbon Neutrality in Brazil Read More »

Unlocking Climate Solutions: The Rise of Carbon-Dioxide Removal (CDR) Post-Paris Agreement

Leave a Comment / Green Initiative

Unveiling the Overlooked Significance of CDR Post-Paris Agreement In the wake of the Paris Agreement of 2015, the focus on mitigating climate change primarily centered around curbing emissions. However, a significant revelation has emerged in recent years, reshaping the landscape of climate action: the overlooked significance of carbon-dioxide removal (CDR). Genesis of Realization: The Paris Agreement and Diverging Goals The genesis of this realization can be traced back a few years, following a provision in the Paris Agreement that spurred discussions and contemplation among experts in the field. The agreement, ambitiously aiming to cap global warming at 2°C above pre-industrial levels, encountered a divergence of opinions. While developed nations advocated for this cap, certain vulnerable regions, notably small island nations, fervently pressed for a stricter target of 1.5°C. The rallying cry, “1.5 to stay alive,” echoed through the halls, underscoring the existential stakes for these at-risk communities. Compromise and Awakening: The Evolution of Climate Strategies Ultimately, the compromise settled on the goal of “well below 2°C,” incorporating a commitment to make earnest endeavors toward the 1.5°C threshold. However, it wasn’t until later that the implications of this compromise fully resonated within the climate science community. The need for urgent action to not just limit emissions but also actively remove excess carbon dioxide from the atmosphere became increasingly apparent. CDR’s Imperative Role: Augmenting Traditional Mitigation Efforts This awakening marked a pivotal shift in climate strategies, as experts recognized the imperative role of CDR technologies in augmenting traditional mitigation efforts. Various methods, from afforestation and reforestation to direct air capture and enhanced mineralization, garnered attention as potential avenues for actively reducing atmospheric carbon levels. Intensified Focus: Accelerating Efforts on CDR Solutions As the world confronts the escalating climate crisis, the spotlight on CDR has intensified. Governments, researchers, and environmental organizations are allocating resources and accelerating efforts to explore, develop, and implement viable CDR solutions. The evolution from an initial Paris Agreement compromise to the current recognition of CDR as a crucial element in combating climate change underscores the evolving nature of climate discourse and policy formulation. Challenges and Considerations: Addressing Hurdles in CDR Implementation However, challenges persist. Questions regarding the scalability, feasibility, and ethical implications of deploying large-scale CDR technologies linger, demanding comprehensive deliberation and responsible implementation. Transformative Phase: CDR’s Integration into Climate Action The journey from the Paris Agreement’s ambitious goals to the recognition of CDR’s indispensable role reflects a transformative phase in climate action—one that necessitates a holistic approach, international collaboration, and innovative solutions to safeguard the planet’s future. Turning Point: CDR as a Catalyst for Comprehensive Climate Solutions The integration of CDR into the climate narrative marks a turning point, signifying a collective determination to address climate change comprehensively. As the urgency amplifies, the focus on CDR stands as a testament to humanity’s resolve to not just limit warming but actively restore the planet’s equilibrium. Conclusion: Propelling CDR Innovations for Climate Resilience This newfound recognition serves as a clarion call to propel CDR innovations forward, reinforcing the imperative of sustainable practices and resilient strategies in the fight against climate change. Contact Us for Expert Assistance in CDR Strategies For those seeking guidance or support in navigating the complexities of carbon-dioxide removal strategies or delving deeper into climate action initiatives, our team is here to assist. Whether it’s understanding CDR technologies, strategizing sustainable practices, or contributing to the global fight against climate change, contact us to explore how we can collaborate towards a more resilient and sustainable future. Contact us here.

Unlocking Climate Solutions: The Rise of Carbon-Dioxide Removal (CDR) Post-Paris Agreement Read More »

Taking Care of Earth’s Breathing: Why Removing Carbon Dioxide Matters

Leave a Comment / Green Initiative

Imagine Earth as a big, living puzzle. It’s old and always changing, with everything connected in a never-ending cycle. Things like carbon and nitrogen, super important for life, keep moving around between living stuff, oceans, land, and the air. Even the hard outer layer of the Earth gets recycled, just like how old stuff gets reused to make something new. But sometimes, things don’t go smoothly in this cycle. The rocky tops of eastern Arabia show that there are hiccups, interruptions in how the Earth usually works. Fixing Too Much CO₂: Why Removing Extra Carbon Matters for Earth One of the big problems causing trouble is too much carbon dioxide in the air. It’s happening way too fast because of what people are doing. This extra CO₂ messes up the Earth’s natural balance, causing big problems for the climate and the places where living things survive. Taking out this extra carbon dioxide from the air is super important. It’s like fixing a part of the Earth’s natural rhythm that’s gotten messed up. But not enough attention is given to this solution, even though it’s really crucial for fixing the mess we made with too much CO₂. Getting rid of this extra carbon dioxide means using different ways to trap it and keep it away safely. Some of these ways are pretty natural, like planting more trees or finding better ways to keep carbon in the ground. Others use fancy tech to suck carbon dioxide out of the air or store it underground. But doing these things on a big scale is tough. It costs a lot of money, and we’re not sure if it’ll work for a really long time. United for Change: Restoring Earth’s Balance by Removing CO₂ There’s not enough push from leaders or enough people knowing how urgent it is to start doing these things. But the picture of arrows in a circle against mountains shows how everything is connected and keeps going around. It’s a reminder that we need to fix this part of the Earth’s cycle that’s been thrown off. We can’t wait. We have to start caring more about taking out extra carbon dioxide to fix our climate. We need to use these methods to balance things out and make sure the Earth stays healthy for the future. Giving attention to removing carbon dioxide is crucial for us to fight climate change and keep our planet safe. Businesses and Organizations have a significant role to play in addressing carbon dioxide removal and mitigating climate change Here are some initiatives to take: By taking these steps, companies not only contribute to addressing the urgent need for carbon dioxide removal but also demonstrate corporate responsibility and sustainability, setting an example for others to follow suit in the fight against climate change. Conclusion The battle against climate change demands collective action, and companies stand at the forefront of this crucial fight. Embracing initiatives for carbon dioxide removal isn’t just a choice; it’s an urgent necessity for the health of our planet and the future of all life upon it. At Green Initiative, we’re committed to supporting businesses in their journey towards sustainability and carbon neutrality. Our expertise and tailored solutions can assist companies in implementing effective strategies for carbon dioxide removal, reducing their environmental impact, and leading the way towards a greener future. We understand the challenges and complexities involved in this endeavor, and we’re here to provide guidance, innovative solutions, and dedicated support to make a real difference. Contact us today to explore how we can work together towards a world where responsible corporate practices pave the way for a healthier, more sustainable planet. Together, let’s make a lasting impact and shape a better tomorrow.

Taking Care of Earth’s Breathing: Why Removing Carbon Dioxide Matters Read More »

Ocho Sur receives ‘Carbon Measured’ Certification: Leading the Way in Sustainable Palm Oil with Green Initiative

Leave a Comment / Green Initiative

A Landmark in Sustainable Palm Oil Ocho Sur, a company dedicated to sustainable palm oil production in Ucayali, has achieved a significant milestone by obtaining the international certification “Carbon Measured” from Green Initiative. The certification process completed by Ocho Sur complies with the international standards promoted by the United Nations, ensuring consistency and transparency in the measurement of the company’s carbon footprint and its commitment to sustainable development. “The Carbon Measured certification from Green Initiative acknowledges that Ocho Sur has conducted a comprehensive measurement of all greenhouse gas emissions throughout its value chain,” stated Michael Spoor, CEO of Ocho Sur. It is essential for organizations to measure their carbon footprint, as this allows them to identify mitigation measures and establish action plans to achieve carbon neutrality. This initiative drives the company to develop a new generation of products with low carbon emissions or climate-smart attributes, thereby enhancing its market positioning and fostering innovation. Furthermore, it commits the company to accelerate the decarbonization of its activities and to protect local ecosystems in Pucallpa. The work carried out enabled Ocho Sur to strike a balance between generated emissions and emissions captured in its plantations, providing the company with a holistic perspective on mitigation opportunities and positive climate impact. Ocho Sur’s Carbon Measured Journey: Rigorous Certification Process and Impactful CO2 Reduction Initiatives Obtaining the “Carbon Measured” certification is a rigorous process consisting of three main stages: calculate, mitigate, and certify, each with specific sub-stages that ensure the rigor and quality of the study. Since the beginning of its operations, Ocho Sur has been developing strategies and implementing notable initiatives that have allowed it to reduce its CO2. Examples include the implementation of circular economy practices and the utilization of palm waste, such as fiber and husks, to generate biofuel used in boilers. Subsequently, in 2021, they chose to capture the biogas emanating from the stabilization ponds of industrial wastewater treatment. This action represents the second mitigation measure, which enabled the combustion of methane present in the biogas, thus preventing its direct release into the atmosphere. With these initiatives, Ocho Sur is becoming a benchmark for green businesses in the Peruvian Amazon due to its comprehensive focus on sustainable development, centered around forest protection and improvement in the quality of life for the local population. The Peruvian company implements awareness programs for the local population (monitoring workshops), ecosystem protection policies, and mitigation actions as part of its business model, thereby leading a positive change in the region. Partner with Green Initiative for a Sustainable and Impactful Future This achievement calls out to all kinds of businesses that want to help the Earth and society in a good way. At Green Initiative, we stand ready to collaborate with organizations that seek to make a difference in the world. Together, we can drive change, foster innovation, and lead the way to a greener and more sustainable future. Reach out to us today, and let us work hand in hand to forge a path of environmental stewardship and excellence. To learn more about the Green Initiative Certifications and certifying your business, please contact our team of specialists here.

Ocho Sur receives ‘Carbon Measured’ Certification: Leading the Way in Sustainable Palm Oil with Green Initiative Read More »

LimaTours Sets a New Standard for Sustainable Tourism in Peru

Leave a Comment / Green Initiative

Tourism in Peru and Carbon Neutrality in Action With its tremendous growth and global reach, the tourism industry has become a significant contributor to carbon emissions and environmental degradation. As the world grapples with the pressing challenges of climate change, tourism operations must embrace sustainable practices and take the lead in mitigating their impact. LimaTours, a prominent Peruvian tour operator, has emerged as a trailblazer in this endeavor by becoming Peru’s first Carbon Neutral tourism operator and one of the pioneers worldwide. Their commitment to climate action, as embodied by their participation in the Glasgow Declaration for Tourism and Climate Action, is a testament to their dedication to supporting the goals of the Climate Paris Agreement. Recognized by the United Nations Framework Convention on Climate Change (UNFCCC) and certified by Green Initiative, LimaTours is now poised to transform the industry by decarbonizing its value chain and offering innovative carbon-neutral tourism services. The Urgent Need for Climate Action in Tourism The tourism industry’s rapid growth has come at a cost to the environment. The carbon footprint of transportation, accommodation, and various tourism-related activities has contributed significantly to greenhouse gas emissions. With climate change posing unprecedented risks to natural and cultural heritage sites, biodiversity, and local communities, the tourism sector must positively collaborate and act urgently to reduce its climate impact. The industry can play a vital role in mitigating climate change and safeguarding destinations for future generations by introducing climate action measures, such as carbon neutrality. LimaTours: Pioneering Climate Action in Tourism LimaTours, a renowned tour operator deeply rooted in Peruvian hospitality, has emerged as a leading force in sustainable tourism. Their recognition as Peru’s first Carbon Neutral tourism operator and one of the global pioneers highlights their unwavering commitment to sustainability and climate responsibility. By actively participating in the Glasgow Declaration for Tourism and Climate Action, LimaTours has joined hands with other industry stakeholders to address the urgent need to mitigate the tourism industry’s carbon footprint. Leading the Charge with Carbon Neutrality LimaTours’ achievement of being certified as the first Carbon Neutral tourism operator in Peru is a significant milestone in the industry’s journey toward sustainability. Recognized by the UNFCCC and certified by Green Initiative, LimaTours has become a shining example for other tourism operators. LimaTours has engaged in a solid carbon footprint management process by measuring, reducing, and offsetting its carbon emissions, internalizing climate action at the DNA of its business model. This milestone catalyzes change, promoting innovation in LimaTourism services and efficiency in their overall tourism operations. Decarbonizing the Value Chain LimaTours understands that true sustainability extends beyond achieving carbon neutrality. They are committed to decarbonizing their entire value chain by implementing innovative practices that reduce emissions at every stage of their operations. By addressing transportation, accommodation, and activities, LimaTours aims to minimize its carbon footprint while ensuring exceptional experiences for its customers. Through collaboration with partners and suppliers, they are driving the adoption of climate-smart practices throughout the tourism ecosystem. LimaTours climate action proposition focuses on reducing its carbon emissions and providing innovative, carbon-neutral tourism services. They are on the way to revolutionizing the industry by introducing climate-friendly initiatives and offering unique experiences that prioritize carbon-neutral tourism. From eco-lodges powered by renewable energy to carefully curated tours promoting local culture and conservation, LimaTours is reshaping how travelers explore Peru. Are you looking for support to achieve Carbon Neutrality for your tourism business? Look no further! The Green Initiative team is here to help you on your sustainability journey. Our dedicated experts are committed to assisting companies like yours in reducing carbon emissions and working towards achieving Carbon Neutrality. With our extensive knowledge and experience in green initiatives, we provide customized solutions tailored to your specific needs. Whether you need guidance on measuring your carbon footprint, implementing energy-efficient practices, or exploring renewable energy options, our team will work closely with you to develop a comprehensive plan. By partnering with the Green Initiative team, you will gain access to a network of sustainability experts, industry best practices, and cutting-edge technologies. Our team will provide ongoing support, monitoring progress, and offering guidance to ensure your journey towards Carbon Neutrality is successful. Together, let’s make a positive impact on the environment and demonstrate your commitment to sustainability. Contact us today to learn more about how the Green Initiative team can support your company on its path to achieving Carbon Neutrality. Contact us here today!

LimaTours Sets a New Standard for Sustainable Tourism in Peru Read More »

Achieving Carbon Neutrality

Leave a Comment / Green Initiative

The Race to Transform Last-Mile Delivery The rapid growth of e-commerce and online shopping has led to a significant increase in last-mile delivery. Last-mile delivery refers to the final stage of the delivery process, where packages are transported from local distribution centers to the end consumer. While this has made shopping more convenient for consumers, it has also increased carbon emissions, contributing to climate change. Last-mile delivery is a critical component of the supply chain and accounts for a significant portion of a company’s carbon footprint. According to a report by the World Economic Forum, last-mile delivery accounts for up to 53% of a product’s total carbon footprint. This is due to inefficient routing, multiple trips to the same location, and the use of vehicles powered by fossil fuels. As the demand for online shopping continues to grow, so does the number of delivery vehicles on the road, leading to an increase in carbon emissions. According to a report by the European Environment Agency, the transport sector accounts for approximately 25% of global greenhouse gas emissions. This highlights the urgent need for companies to adopt sustainable practices in their last-mile delivery operations. Strategies for Achieving Carbon Neutrality in Last-Mile Delivery Operations Companies can adopt various strategies to achieve carbon neutrality in their last-mile delivery operations. One of the most effective strategies is replacing traditional delivery vehicles with electric ones. Electric vehicles are a low-carbon emissions alternative with lower operating costs than traditional ones. Companies like Amazon, UPS, and DHL have already started integrating electric vehicles into their fleets. Amazon, for example, plans to have 100,000 electric delivery vehicles on the road by 2030. Another strategy is to use alternative fuels such as biofuels or hydrogen fuel cells. Biofuels are derived from renewable sources such as vegetable oil, while hydrogen fuel cells produce electricity by converting hydrogen and oxygen into water. Both alternatives have significantly fewer emissions than traditional fossil fuels.Optimizing delivery routes can also help reduce carbon emissions. Using technology such as route optimization software, companies can plan the most efficient routes for their delivery vehicles, reducing the miles traveled and the emissions produced. In addition, some companies are exploring innovative climate-smart solutions to reduce the carbon footprint of last-mile delivery. For example, the Dutch company Bubble Post uses cargo bikes and electric vehicles for last-mile delivery in urban areas, reducing emissions and traffic congestion. Delfin Logistics provides last-mile delivery for key clients through electric trucks. The startup Volta Trucks is developing an electric delivery vehicle specifically designed for last-mile delivery in urban areas, with a range of up to 95 miles on a single charge. Despite the progress made by some companies, there are significant challenges to achieving carbon neutrality in last-mile delivery. One of the main challenges is the cost of implementing sustainable practices. Electric vehicles, for example, are currently more expensive than traditional vehicles, and companies may need more resources to invest in them. Also, another challenge is the lack of infrastructure to support sustainable practices. This includes the lack of charging stations for electric vehicles and the limited availability of alternative fuels. Another example that can be mentioned is Origem, a Brazilian startup that specializes in the production and manufacturing of electric motorcycles for professional use. Its innovative approach to electric mobility is revolutionizing the industry in Brazil. By providing affordable zero-emissions vehicles , developing route optimization software, and implementing a convenient battery swap system, the company is spearheading the transformation toward sustainable and efficient transportation. With its commitment to democratizing access to electric mobility, Origem is paving the way for a greener future while supporting the operational needs of its clients. The future of last-mile delivery looks promising. With technological advancements and a growing focus on sustainability, companies are increasingly adopting climate-smart practices in their delivery operations. Green Initiative: Empowering Last-Mile Delivery Services Towards Carbon Neutrality At Green Initiative, we proudly support last-mile delivery services in this fundamental transition to carbon neutrality. Through our advisory and climate certification services, we support logistic companies worldwide to introduce climate action at the core of their business model, developing the technical capacities they need to remain competitive in what we hope will be a much greener and net-zero emissions economy.

Achieving Carbon Neutrality Read More »

Carbon Neutral Logistics: A Business Opportunity and Climate Imperative

Leave a Comment / Green Initiative

The context The logistics industry plays a significant role in the economy. The global logistics market is projected to reach USD 12.68 trillion by 2027, driven by the growth of e-commerce, globalization, and increasing demand for the efficient supply chain management. Furthermore, international trade and logistics create significant employment opportunities. In the United States alone, the logistics industry employs over 10 million people, with employment in the sector expected to grow by 7% between 2019 and 2029. Similarly, in Europe, the logistics sector employs over 11 million people, making it one of the largest employers in the region. Why is carbon-neutral logistics necessary? Decarbonizing logistics is important for several reasons. Firstly, logistics is a significant contributor to global greenhouse gas emissions. According to the International Energy Agency (IEA), the global transportation sector, which includes logistics and international trade, is responsible for approximately 24% of energy-related CO2 emissions. Additionally, the United Nations Conference on Trade and Development (UNCTAD) estimates that maritime shipping alone accounts for around 2.5% of global greenhouse gas emissions, projected to increase by up to 250% by 2050 without additional action. Decarbonizing logistics is essential for achieving global emissions reduction targets and addressing the climate crisis. An emerging demand for carbon neutral logistical services There are several reasons why logistic companies should invest in carbon neutral service. First and foremost, it is essential to address the urgent need to reduce greenhouse gas emissions to mitigate the impacts of climate change. With the transportation sector responsible for a significant portion of global greenhouse gas emissions, reducing emissions from logistics operations is crucial for meeting global climate goals. Moreover, investing in carbon neutral services can also be a business opportunity for logistics companies. Many businesses and consumers are becoming increasingly aware of the environmental impact of their supply chain and are looking to reduce their carbon footprint. By offering carbon neutral services, logistics companies can differentiate themselves from competitors, appeal to environmentally conscious customers, and potentially increase revenue. In fact, there is growing evidence to suggest that there is a significant demand for climate smart or carbon neutral logistical services. • A survey conducted by UNCTAD found that 70% of respondents plan to purchase more products and services from companies with a lower carbon footprint.• A report by DHL found that 69% of companies surveyed have implemented or plan to implement a carbon reduction strategy in their supply chain (DHL, 2019).• McKinsey also found that 47% of companies surveyed have set a carbon reduction target for their supply chain, and 87% of these companies believe their suppliers can help them achieve their targets.• A study by EcoVadis found that 62% of companies surveyed said that sustainability is a key factor in their purchasing decisions, and 38% have implemented sustainability criteria in their supplier selection process.• The International Transport Forum estimated that there will be a demand for up to 60% lower emissions in the global logistics sector by 2050 (International Transport Forum, 2018). In summary, investing in climate smart logistical services is essential for reducing greenhouse gas emissions, meeting global climate goals, and addressing customer demand for more sustainable products and services. Climate neutral logistics on practice DHL DHL is committed to becoming carbon neutral by 2050 and offers a range of carbon neutral shipping options to its customers. These options include carbon offsetting, biofuel, and electric vehicles. Maersk Maersk, the world’s largest container shipping company, has set a goal to become carbon neutral by 2050 and offers carbon neutral shipping options to customers through its “Carbon Neutral Programme.” UPS UPS has set a goal to reduce its greenhouse gas emissions by 12% by 2025 and offers carbon neutral shipping options to customers through its “UPS Carbon Neutral” program. FedEx FedEx has set a goal to reduce its greenhouse gas emissions by 50% by 2030 and offers carbon neutral shipping options to customers through its “FedEx Carbon Neutral” program. Amazon Amazon has committed to becoming carbon neutral by 2040 and offers carbon neutral shipping options to customers through its “Shipment Zero” program. These companies are just a few examples of logistics providers that are actively working to reduce their carbon footprint and offering carbon neutral options to their customers. By investing in these services, customers can offset the carbon emissions associated with their shipments and support companies that are leading the way in sustainability through decarbonizing their value chain. Who is leading this change? Some of the key players promoting the decarbonization of international trade and logistics are: IMO The International Maritime Organization (IMO) has set a target of reducing emissions from the sector by at least 50% by 2050 compared to 2008 levels. Global Maritime Forum Is leading a global call to action with the aim to accelerating maritime shipping’s decarbonization with the development and deployment of commercially viable deep sea zero emission vessels by 2030 towards full decarbonization by 2050. World Economic Forum Through the Supply Chain & Transport CEO Statement, the World Economic Forum is promoting a coalition of business leader in the transportation supply chain to run entirely on net-zero energy sources by 2050. Why Green Initiative? At Green Initiative we are working with leading global shippers and carriers to reduce their carbon footprint and improve climate performance in freight transportation. Our aim is to support the decarbonization of national and international trade by 30% by 2030 and to support the transition to zero emissions freight sector. We collaborate with our global partners to quantify impacts, identify solutions, and advocate logistics decarbonization strategies.

Carbon Neutral Logistics: A Business Opportunity and Climate Imperative Read More »

Walking the Talk: Why USAID Contractors Should Care About Carbon Footprints?

Leave a Comment / Green Initiative

US Government’s OASIS+ Contract Vehicle Promotes Sustainability and Reducing Greenhouse Gas Emissions As the world grapples with the effects of climate change, governments, and organizations are increasingly focusing on reducing greenhouse gas emissions and promoting sustainability. The US government is no exception and has taken steps to address climate change through various initiatives, including the OASIS+ contract vehicle. This contract vehicle, developed by the General Services Administration (GSA), streamlines access to professional services, including sustainability-related services like carbon footprint management. US Government Agencies Now Require Scope 1 and 2 Disclosures from Contractors for Sustainability Initiatives Many US government agencies, such as EPA (Environmental Protection Agency), DOD (Department of Defense), and USAID (United States Agency for International Development), are now requesting Scope 1 and 2 disclosures from their contractors as part of their sustainability initiatives. Scope 1 emissions are directly generated by an organization, while Scope 2 emissions are indirect emissions generated by the organization’s consumption of purchased electricity, heat, or steam. Disclosure of Scopes 1 and 2 Emissions Helps Contractors Reduce Carbon Footprint and Boosts Business Performance Disclosing Scopes 1 and 2 emissions can help contractors identify opportunities for carbon footprint mitigation, crucial to reducing greenhouse gas emissions and slowing down global warming. In addition to reducing climate impact, a study by the UN found that companies that disclose their climate performance have a 67% higher return on equity than those that do not. This suggests that reducing carbon footprint can lead to lower operating costs, improved efficiency, and a more competitive market position. Emissions Reporting Crucial for Contractors Seeking Government Contracts, Particularly with USAID’s Focus on Sustainable Development Reporting on emissions can also improve contractors’ climate performance, which is increasingly important to many government agencies when evaluating contractors. This is particularly relevant to USAID, which invests millions of dollars in international aid to promote sustainable development in emerging economies. USAID contractors should therefore be accountable for their climate impact to demonstrate a commitment to sustainability. Partner with Green Initiative to Reduce Carbon Footprint and Improve Sustainability Performance: Position Yourself as a Climate Leader in International Development. Contact us Today! Green Initiative is a certification and climate advisory that specializes in helping organizations reduce their carbon footprint and improve their sustainability performance. By partnering with Green Initiative, USAID contractors can access expert advice and support to identify opportunities for carbon footprint mitigation, implement sustainability initiatives, and improve their climate performance. Green Initiative’s services can also help contractors meet the increasing demand for sustainability from government agencies like USAID and position themselves as leaders in the climate-smart international development arena. In addition to the benefits to contractors, reporting on Scopes 1 and 2 emissions can contribute to the US government’s broader efforts to address climate change. President Biden’s recent Executive Order on “Climate-Related Financial Risk” directs federal agencies, including USG contracting agencies such as USAID, to identify and disclose the climate-related financial risks their programs, assets, and liabilities face. The Order also requires federal agencies to integrate climate-related risk analysis into their procurement processes. By disclosing their carbon footprint, USAID contractors can help federal agencies like USAID meet these requirements and contribute to the broader goal of promoting sustainability and mitigating the impacts of climate change. In conclusion, USAID contractors should walk the talk, when it comes to promoting sustainable and climate-smart development. By disclosing Scopes 1 and 2 emissions, contractors can identify opportunities for carbon footprint mitigation and improve their sustainability performance. Green Initiative can provide expert advice and support to help contractors achieve their climate-performance goals and meet the increasing demand for climate action from government agencies like USAID. Contact us today to learn how we can assist you in achieving your climate performance goals.

Walking the Talk: Why USAID Contractors Should Care About Carbon Footprints? Read More »