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Estância Mimosa is the first Climate Positive certified ecotourism attraction in the world

Addressing Climate Change in Tourism: The Glasgow Declaration’s Strategic Framework Climate change is one of the major problems faced by humanity today. Since 2021, the Glasgow Declaration has offered all actors in the tourism sector a strategic framework that encourages the internalization of climate actions in all areas of the tourism value chain: destinations, attractions, companies, and tourists. In this context, Estância Mimosa, a renowned ecotourism tour in Bonito, Mato Grosso do Sul, celebrates an unprecedented achievement for the world tourism sector. It became the first tourist attraction in the world to receive the Climate Positive Certification, granted by the international organization Green Initiative. This achievement highlights Estância Mimosa’s commitment and hard work since its foundation in 1999, not only towards environmental sustainability and the preservation of local biodiversity but also with the climate action goals proposed by the United Nations and the Glasgow Declaration for Tourism. To obtain this prestigious certification, Estância Mimosa started the Green Initiative Certification Cycle in 2023, demonstrating compliance with the organization’s strict criteria of sustainability and environmental responsibility. With this perspective in mind, the INTERNATIONAL SEMINAR ON CLIMATE ACTION IN TOURISM took place in Bonito on July 27, 2023. The event featured the participation of Dr. Saulo Rodrigues, Sustainability and Climate Action Manager, representing the Ministry of Tourism, Edson Barros, as well as Dr. Daniel Galvan from UNFCCC, and Virginia Fernandez-Trapa from the World Tourism Organization, among other stakeholders from the national tourism sector. Estância Mimosa: Leading the Way as a Climate Positive Certified Attraction The Climate Positive Certification demonstrates that Estância Mimosa not only has a neutral balance between its emissions, captures, and offsets but also actively contributes to the mitigation of climate change by preserving and recovering native forests within the limits of the attraction, which account for more than 84 % of the total area of the property. The preservation of these forests guarantees that the carbon in their biomass is not released into the atmosphere through exploitation, and it allows more carbon to be captured by plants during forest restoration. Sustainable Ecotourism Throughout the project, all sources of greenhouse gas emissions from the attraction were quantified for the year 2022 and classified into four categories proposed by the ISO 14064 methodology, namely: The carbon footprint calculation was carried out following the principles of Relevance, Completeness, Consistency, Transparency, and Precision, considering the complete scope 1, 2, and 3 of the attraction. This means that all emissions relating to the operation and the business value chain were assessed in a detailed and standardized manner to allow the comparison of results in the coming years and show the effect of the reduction measures that will be taken. All raw materials used in the attraction were accounted for, from the consumption of fuel and paper to the consumption of rice, meat, and beans. Among the results, we have that the emissions of Estância Mimosa in 2022 were 277.76 tons of CO2 equivalent, which results in 12.46kg of CO2 per visitor received in 2022. The analysis of carbon capture in 2022 was carried out by combining detailed maps of the property’s vegetation cover using UAV technology, satellite images, and studies of forest inventory and carbon capture. Estância Mimosa is a rural property with a significant extension of primary forests and forest regeneration areas, also officially protected by a private reserve – RPPN. This survey found that the forest regeneration areas, equivalent to 89 hectares, captured a total of 460.36 tons of CO2 in their aerial biomass throughout 2022, which is greater than the total emissions of the attraction. Regeneration areas have an accelerated accumulation of biomass in their initial phase of development, which then tends to decrease as the forest becomes more mature. In addition, the carbon stock present in primary forest areas was estimated, which in addition to avoiding greenhouse gas emissions, has an apparent effect on environmental additionality in the region since it is home to a wide range of birds, mammals, and other animals, already identified on the property. Luiza Coelho, Sustainability Director at Estância Mimosa, expressed her gratitude for the recognition and highlighted the attraction’s ongoing commitment to promoting sustainable practices and inspiring other companies in the sector to follow this path. “The Carbon Neutral Certification in the Climate Positive category is an extraordinary milestone for Estância Mimosa and an incentive for us to continue our work in the pursuit of excellence in sustainable ecotourism. We are proud to be leaders in this journey, and we thank all those involved who made it possible “. The Award The Climate Positive Certification was awarded to Eduardo and Simone Coelho, Directors of the Rio da Prata Group (www.gruporiodaprata.com.br), of which Estância Mimosa is part, during the Seminar on Climate Action in Tourism: Global Challenges and Local Opportunities for Innovation, an event held at Sebrae, Bonito, MS on July 27, 2023. About Estância Mimosa Located in Bonito, Mato Grosso do Sul, Estância Mimosa is an acclaimed ecotourism tour known for its lush nature, well-preserved trails, and stunning waterfalls. Committed to sustainability, it offers visitors memorable experiences in harmony with nature. The site is the only tourist attraction in Bonito (MS) that offers trails and waterfalls within a private reserve – RPPN in which it is possible to enjoy direct contact with preserved nature, walk along trails through the forest, see more than 255 species of birds or come across one of the 32 species of cataloged mammals. More information: http://www.estanciamimosa.eco.br Press Contact Name: Luiza Coelho Position: Director of Sustainability of Grupo Rio da Prata E-mail: luiza@gruporiodaprata.com.br Phone: 5567999389064 Become a Climate and Nature Positive Business Green Initiative Certifications are a crucial step towards promoting sustainability and responsible environmental practices across various industries. These certifications are awarded to organizations and businesses that demonstrate a genuine commitment to reducing their carbon footprint, conserving natural resources, and mitigating the impacts of their operations on the environment. By adhering to rigorous standards and guidelines, companies can quantify their greenhouse gas emissions, identify areas for improvement, and implement

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LimaTours Sets a New Standard for Sustainable Tourism in Peru

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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!

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Achieving Carbon Neutrality

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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.

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Carbon Neutral Logistics: A Business Opportunity and Climate Imperative

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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.

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

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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.

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The Importance of Investing in Carbon Capture Technologies

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The Earth’s natural carbon sinks: Understanding their vital role in climate change The Earth has a remarkable ability to naturally sequester carbon, through a variety of processes that occur in ecosystems including forests, grasslands, wetlands, soils, and oceans. These natural processes, also known as “sinks,” play a crucial role in removing carbon dioxide, a major greenhouse gas, from the atmosphere and storing it in the Earth’s ecosystems. Although, recent studies suggest significant carbon sinks such as the Amazonia, may no longer be capturing as much carbon as they release. (Denning, 2020) The Impacts of Climate Change on Natural Carbon Sequestration Processes: Disruptions and Consequences Rising temperatures, changing precipitation patterns, and altered ecosystems due to climate change have disrupted natural carbon sequestration processes. For example, climate-induced disturbances such as wildfires, droughts, and floods can disrupt ecosystems, leading to changes in vegetation growth, carbon storage in soils, and oceanic carbon uptake. These combined impacts of climate change and human activities are reducing the Earth’s ability to naturally sequester carbon, contributing to the increase of atmospheric carbon dioxide levels and exacerbating climate change. Exploring the Potential and Limitations of Forest Regeneration as a Climate Mitigation Strategy To counteract the negative effects associated with increasing atmospheric carbon dioxide levels, climate certification and advisory companies most commonly employ the method of forest regeneration. This method is preferred due to the limited amount of required monitoring and maintenance, the added benefits to biodiversity and soil conservation, and its cost-effectiveness. Scientists estimate forest regeneration has the potential to store an equivalent of 25% of the atmospheric carbon pool (Bastin et al., 2019). However, forest regeneration is a time-consuming process and requires large areas of land, often resulting in land-use conflicts. Furthermore, considering the UN’s ambitious goal to reach carbon neutrality by 2050, it is unreasonable to hypothesize all the carbon mitigation will occur through forest regeneration. Carbon Capture and Storage (CCS) and Bioenergy with Carbon Capture and Storage (BECCS): Potential, Limitations, and the Need for Investment Decarbonization can also take place through Carbon Capture and Storage (CCS) and Bioenergy with Carbon Capture and Storage (BECCS). These emerging technologies have the potential to help mitigate the relatively large carbon footprint of aviation, maritime, and heavy industries that are considered hard to abate, as they have limited low-carbon alternatives currently available. For example, estimates suggest that CCS has the potential to capture and store up to 45% of the CO2 emissions from industrial processes. Even in the most conservative scenarios, these technologies are expected to scale up in demand enough to remove at least 2 gigatons per annum (GTPA) of carbon dioxide by 2050. However, we are still at the very beginning of development, with CCS and BECCS requiring large amounts of energy to operate and thus, having a limited carbon capture efficiency. Analyst estimates suggest a 120-fold increase in carbon uptake needs to occur for these technologies to be viable to achieve climate goals by 2050 (McKinsey, 2022) Therefore, private investment in these technologies is essential to achieve global decarbonization as it is only through advancements in material science, manufacturing, and engineering optimizations that we achieve technological improvements. Join the Climate Champions: Partner with Green Initiative for Sustainable Solutions At Green Initiative, we strive to help our clients stay up to date with the latest developments in climate action and provide our clients with the necessary tools and knowledge to set a plan to achieve decarbonization, reduce their carbon footprint, and contribute to a sustainable future. Contact us to learn more and become a part of our climate champions! This article was writen by Marc Tristant, from the Green Inititative team. References: Bastin, J., Finegold, Y., Garcia, C., Mollicone, D., Rezende, M., Routh, D., Zohner, C. M., & Crowther, T. W. (2019). The global tree restoration potential. Science, 365(6448), 76–79. https://doi.org/10.1126/science.aax0848 Denning, A. S. (2021). Southeast Amazonia is no longer a carbon sink. Nature, 595(7867), 354–355. https://doi.org/10.1038/d41586-021-01871-6 Scaling the CCUS industry to achieve net-zero emissions. (2022, October 28). McKinsey & Company. https://www.mckinsey.com/industries/oil-and-gas/our-insights/scaling-the-ccus-industry-to-achieve-net-zero-emissions

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From Fast Fashion to Sustainable Style: The Urgent Need to Decarbonize the Fashion Industry

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Fashion Industry Valued at Over $2.5 Trillion, but will it remain competitive? The global fashion industry was valued at over $2.5 trillion in 2020 and is projected to grow to $3.3 trillion by 2025. However, the industry’s rapid growth has come at a cost to the environment. According to data, the fashion industry accounts for 10% of global carbon emissions and is the second-largest consumer of water worldwide. Climate Change’s Economic Toll: Fashion Industry Loses Over $4 Billion in 2019 The economic cost of climate change is significant and affects many industries, including fashion. Extreme weather events, such as floods and droughts, disrupt global supply chains, affecting the production and transportation of goods. In 2019, the fashion industry suffered losses of over $4 billion due to the impact of climate change on cotton production. Climate Change Sparks Rise in Sustainable Fashion Market, Valued at $9.81 Billion by 2025 Rising temperatures can also significantly impact fashion customers’ behavior, which in turn can affect the fashion industry’s bottom line. According to a survey by McKinsey & Company, 66% of global consumers are willing to pay more for sustainable products, including clothing. This shift towards sustainability is also reflected in the growth of the global sustainable fashion market, which is projected to reach $9.81 billion by 2025. Transforming the Fashion Industry: Climate Action as a Key Business Strategy to Reduce Environmental Impact Although the fashion industry’s environmental impact is significant, from the production of synthetic fibers to the use of toxic chemicals in textile manufacturing, not to mention that the industry is also known for its high-water consumption, with an estimated 2,700 liters of water required to produce one cotton shirt, introducing climate action at the core of the industry business model, would reduce its carbon footprint, water consumption, and waste generation. Climate Inaction Could Cost Fashion Industry’s Financial and Reputational Losses One compelling argument for the fashion industry to engage in climate action is that failure could lead to significant financial and reputational risks. As climate change becomes an increasingly pressing issue for consumers, investors, and regulators, fashion companies that do not take action to reduce their environmental impact may face negative consequences such as consumer boycotts, regulatory penalties, and decreased investor confidence. Leading Fashion Brands Take Action to Mitigate Environmental Impact and Reap Long-Term Benefits In contrast, companies that take proactive steps to mitigate their environmental impact and demonstrate a commitment to sustainability are more likely to attract consumers and investors who value responsible business practices, potentially leading to long-term financial and reputational benefits.Here are a few recommendations and examples of how lead fashion brands are progressively engaging in serious decarbonization: Overall, strong market arguments exist for the fashion industry to shift towards low carbon emissions and sustainable fashion. By doing so, fashion brands can reduce their environmental impact and appeal to consumers, mitigate risks, improve their reputation, and realize cost savings. Green Initiative Empowers the Fashion Industry to Embrace Sustainability, Mitigate Risks, and Save Costs At Green Initiative, we are working with the Fashion and Textile industry to support them in adopting climate-action best practices that are helping them adapt to intense climate regulation and a net-zero emissions economy. Click here to contact our team of experts and find out how we can help empower your fashion business.

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Why should the Wine Industry in Latin America Integrate Climate Action at the core of their business models?

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The wine industry is one of Latin America’s most important export sectors, especially for countries like Argentina, Chile, and Uruguay. Wine production in Latin America has grown rapidly over the past few decades, accounting for a significant share of global wine production. For example, in 2019, Argentina was the fifth largest wine-producing country in the world, with a production of over 14 million hectoliters, while Chile was the ninth largest, with a production of over 10 million hectoliters (OIV, 2020). On the other hand, Uruguay is a small but significant player in the premium wine market, focusing on high-quality wines (Uruguay XXI, 2021). The Economic Impact of the Wine Industry in Latin America: Job Creation, Tourism, and Export Growth According to a report by the Inter-American Development Bank (IDB), the wine industry in Latin America is an important driver of economic growth, generating jobs and income for rural communities and contributing to the development of the local economy (IDB, 2019). In Argentina, for example, the wine industry generates over 20,000 jobs and contributes to the country’s tourism industry (Wines of Argentina, 2021). In Chile, the wine industry is a significant source of exports, accounting for over 2% of the country’s total exports (Chilean Wine, 2021). Similarly, in Uruguay, the wine industry contributes to the country’s exports and tourism industry, focusing on high-end wines (Uruguay XXI, 2021). Challenges and Opportunities: Why Integrating Climate Action is Essential for the Future of the Wine Industry in Latin America The wine industry in Latin America is facing significant challenges due to climate change. As a result, grape yields, quality, and the industry’s overall sustainability are being affected. In order to address these challenges, it is essential for the wine industry in Latin America to integrate climate action and promote sustainability. In addition to the environmental and social benefits, integrating climate action in the wine industry in Latin America can have economic benefits. By integrating climate action at the core of their business models, Latin American wine producers can mitigate climate risk and benefit from opportunities to reduce costs, increase efficiency, promote product innovation, and tap into emerging net-zero emissions value chains. EU’s Carbon Border Adjustment Mechanism and Its Implications for the Wine Industry in Latin America The European Union has introduced the Carbon Border Adjustment Mechanism (CBAM) to ensure that imported goods meet the same environmental standards as those produced within the EU. The CBAM is expected to significantly impact the wine industry in Latin America, as it will require exporters from Latin America to pay a carbon price based on the carbon footprint of the exported product. This mechanism will encourage exporters to reduce their carbon footprint and ensure that companies that take proactive measures to reduce their emissions and promote sustainability are more likely to succeed in the European market. Green Initiative: Partnering with Latin American Wine Producers to Implement Climate-Smart Business Strategies Latin American wine producers seeking to integrate climate action into their business models can benefit from expert guidance and support from Green Initiative. Green Initiative’s advisory services specialize in helping companies develop and implement climate action strategies that reduce their carbon footprint, promote climate-smart practices, and connect to emerging net-zero emissions value chains. Through a comprehensive approach that includes science-based carbon footprint assessments, strategy development, and implementation support, Green Initiative can help Latin American wine producers navigate the complex landscape of climate action and take concrete steps to achieve their decarbonization goals. Are you a wine producer in Latin America looking to reduce your carbon footprint and promote climate-smart practices? Contact Green Initiative today and benefit from our expert advisory services. Our team of experienced climate advisors can help you develop and implement customized climate action strategies that meet your business needs and align with emerging net-zero emissions value chains. Take the first step towards a sustainable future – contact us now to learn more!

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15-03-23 Latin American Exporters Worried About Impacts of EU's Carbon Border Adjustment Mechanism on Agricultural and Food Trade

The Potential Impact of EU’s Carbon Border Adjustment Mechanism on Latin American Food Producers: Mitigation Actions and Support from Green Initiative

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Latin American Food Exporters Worried About Impacts of EU’s Carbon Border Adjustment Mechanism on Agricultural and Food Trade The European Union’s Carbon Border Adjustment Mechanism (CBAM) has been a hot topic of discussion lately, especially for developing countries that export to the EU. The CBAM aims to prevent carbon leakage by requiring importers to pay a carbon price equivalent to that paid by EU producers, creating a level playing field for trade. However, Latin American exporters are concerned that this could put them at a disadvantage. According to a report by the Inter-American Institute for Cooperation on Agriculture (IICA), the CBAM could have significant impacts on agricultural and food trade in Latin America and the Caribbean. It could increase production costs for exporters and make their products less competitive in the EU market, potentially leading to a decline in exports and income for Latin American farmers and producers. In addition, Latin American countries are also worried about the environmental effects of the CBAM. The World Bank Group’s report on the CBAM notes that some Latin American countries are among the most vulnerable to climate change and are already experiencing its effects. Climate Mitigation Actions Latin American Food Producers Can Take to Mitigate the Impact of EU’s CBAM To help mitigate mitigate the impact of the CBAM and address the urgent need to reduce greenhouse gas emissions, food producers in Latin America can take a number of climate mitigation actions. These include: By taking these climate mitigation actions, food producers in Latin America can reduce their carbon footprint, improve the sustainability of their production practices, and prepare for the potential impacts of the CBAM. In addition, these actions can help reduce costs, increase efficiency, and enhance the resilience of food production systems in the face of climate change. Green Initiative Offers Climate Certification and Advisory Services to Help Latin American Food Producers Navigate the CBAM and Reduce their Carbon Footprint Green Initiative offers climate certification and advisory services for climate action to support Latin American food producers in reducing their carbon footprint and complying with potential future policies such as the CBAM. Their services can help identify areas where emissions can be reduced, develop strategies to implement sustainable farming practices, and implement renewable energy solutions. Additionally, their supply chain analysis services can help identify opportunities to improve supply chain efficiency and reduce carbon footprint. By working with Green Initiative, Latin American food producers can receive expert guidance to navigate the complex landscape of climate policy and sustainability standards, and position themselves for success in a rapidly changing market.

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Climate Action at Delfin Group

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Introducing Strategic Climate Action at Delfin Group and Delfin Logistics Delfin Group and Delfin Logistics are becoming the pioneer companies in the logistics services sector. Hence, steadily advancing toward Green Initiative’s Carbon Neutral Certification. Business Strategy Delfin Group and Delfin Logistics, the group’s new land freight transport company, are introducing climate action as part of their business strategy. As a result, this generates new climate-smart products and services. Investments in the application of new technologies give greater efficiency to its logistics processes, among other good practices. “In three words: We are leading into a new climate standard. This 2022 begins our journey to strategic climate action. We are determined to find a balance between economic performance, the environment, and the well-being of society. Therefore, this initiative fills us with pride. We want to share the beginning of this new stage with our clients and partners”. José Pagador – Director Lastly, the beginning of this new phase is possible with the support of the Green Initiative. Altogether, by advising executives throughout the climate certification cycle. Know more about the actions on the way to the Carbon Neutral Certification of Delfin Group by visiting https://www.delfingroupco.com/ Engage in Climate Action In like manner, learn how to engage your Business into a New Level of Leadership and Competitiveness. Become Climate Positive, Climate Neutral and Climate Measured certified here.

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