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How Companies Sharing Climate Commitments are Coming Together to Reduce Transaction Costs and Accelerate Decarbonization

In an era when environmental responsibility is no longer optional, companies worldwide are recognizing the necessity of committing to climate action. This shared commitment is a moral imperative and a strategic business decision. By collaborating, companies are discovering that they can more effectively reduce their transaction costs and accelerate the decarbonization of their operations. The tourism industry provides a compelling example of how this synergy works. Tourism: A Case Study in Collaborative Climate Action Tourism is an industry with significant environmental impacts, but it also has vast potential for positive change. Two companies, Kuoda Travel, and Inkaterra Hotels, exemplify how businesses can leverage shared climate commitments to achieve greater sustainability and economic efficiency. Kuoda Travel: Reducing Carbon Footprints Through Sustainable Accommodations Kuoda Travel, a US-based tourism operator, is integrating accommodations that comply with international climate standards into its tourism experiences. This strategic move is more than a marketing angle; it’s a substantial step towards reducing its carbon footprint. By choosing partners who prioritize sustainability, Kuoda Travel is minimizing its environmental impact and reducing its carbon mitigation costs. This cost reduction makes their commitment to net zero emissions more feasible and financially sustainable. “At Kuoda, we dedicate ourselves to responsible business practices just as much as we encourage mindful travel practices. For this reason, we spent the last several years committed to minimizing our environmental impact as much as possible. Thanks to Green Initiative, in 2019, Kuoda became Carbon Neutral as the first step towards bold climate action and protection by signing The Glasgow Declaration on Climate Action in Tourism. In 2022, we took it one step further and became a certified Climate Positive business, going beyond neutrality alone and instead finding ways to actively benefit and improve the environment by removing harmful gasses from the atmosphere.” Inkaterra Hotels: Gaining a Competitive Edge On the other hand, Inkaterra Hotels, renowned as the first climate-positive hotel group in the world, gains a competitive advantage by partnering with like-minded companies such as Kuoda Travel. Inkaterra’s climate-positive status means they go beyond achieving net zero emissions by actively removing more carbon dioxide from the atmosphere than they emit. This distinction positions them as an attractive and responsible business partner, appealing to eco-conscious travelers and businesses. Inkaterra annually caters to more than 200,000 travellers. It has been recipient of the 2015 PURE Award on the ‘Contribution to Experiential Travel’ category; the Relais & Châteaux Environment Trophy (2013); WTTC Tourism for Tomorrow Awards in the Conservation Category (2012); Travel+Leisure Global Vision Award (2011); and National Geographic Traveler’s Best Practices Award for Sustainable Travel (2002). In 2012 Inkaterra became the first world hotel enterprise to be recognized with the International Certificate in Sustainable Tourism by the CU Green Choice Sustainable Tourism Standard. More than 4,000 locals have been trained since Inkaterra was founded. Career opportunities on hospitality, field guidance and agroforestry projects on cacao and Brazil nut, are bonded to Inkaterra’s sustainable approach. Workshops and conferences are constantly organized for local communities to raise awareness on environmental care. Logistics: Electric Trucks Powering Sustainable Distribution Delphin Group and BioAmayu have formed a partnership in the logistics sector that showcases the benefits of shared climate commitments. Delphin Group provides electric trucks for last-mile logistical services, significantly reducing emissions associated with delivery. BioAmayu, the first climate-positive fruit juice made from Amazon-sourced ingredients, benefits from this low-carbon distribution mode. This collaboration is further strengthened by AJE Group‘s investment in electric trucks, demonstrating how joint efforts can drive sustainability and operational efficiency. Through this partnership, BioAmayu can distribute its products in an environmentally responsible manner, setting a precedent for other companies to follow. The Synergy of Shared Values The collaboration between Kuoda Travel and Inkaterra Hotels, as well as Delpin Group and BioAmayu, are collaborative cases. They reflect a growing trend where companies with shared values in climate action understand the mutual benefits of working together. By aligning their business practices with environmental goals, these companies can achieve: Global Implications and Future Prospects This collaboration model is gaining traction worldwide. As more companies recognize that climate action is good for the planet and beneficial for their bottom line, we can expect to see increased partnerships similar to those of Kuoda Travel and Inkaterra Hotels. This approach is a testament to the power of collective action in addressing global challenges. In conclusion, integrating climate commitments into business operations and partnerships is proving to be a viable strategy for reducing transaction costs and accelerating the decarbonization of operations. The tourism industry’s example shows that when companies unite under a common cause, they can achieve remarkable outcomes that benefit both their businesses and the environment. Written by the Green Initiative team.

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Grupo AJE: A Blueprint Example for Sustainable Tourism Worldwide

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Since 2014, Grupo Aje has championed the Natural Revolution, spotlighting indigenous communities and UNESCO World Heritage sites. The aim? To transform these tourist destinations into carbon-neutral havens. Machu Picchu is now a shining example, inspiring other cities to follow suit. Tourist Destinations on the Path to Carbon Neutrality “We are living in the climate era,” says Jorge López-Dóriga, Global Director of Communications and Sustainability at Grupo Aje. Aje’s commitment to sustainability through its Bio Amayu and Agua Cielo brands focuses on protecting indigenous communities and the regions producing super fruits. Aje’s sustainability strategy targets both national and international tourist hotspots, including Machu Picchu, Manu National Park, the Nazca Lines, the Galápagos Islands, Tikal National Park, and Cartagena de Indias. These iconic sites, known globally, have been selected to set a precedent in environmental and waste management. The Machu Picchu Model In 2017, Grupo Aje, in collaboration with the Inkaterra hotel chain and the Machu Picchu municipality, launched an ambitious project to tackle waste and reduce Machu Picchu’s carbon footprint. Initiatives included installing plastic waste compactors, a biodiesel plant, an organic waste pyrolyzer, and a glass crusher. These efforts have prevented 4,100 tons of CO2 emissions between 2018 and 2022. By 2023, Machu Picchu became the world’s first carbon-neutral tourist destination, setting a global example. Cartagena de Indias: Aiming for Carbon Neutrality Following Machu Picchu’s footsteps, Aje is working to make Cartagena de Indias Colombia’s first carbon-neutral city. This project, led by Aje Colombia’s Country Manager, Fabian Mosquera, focuses on three objectives: mitigating the carbon footprint, promoting sustainable tourism, and positioning Cartagena internationally as a carbon-free city. Global Commitments and Actions At COP28 in 2023, significant commitments were made to combat climate change, including a $100 billion Loss and Damage Fund and goals to triple renewable energy and double energy efficiency. Despite these efforts, 2023 was the warmest year on record, highlighting the urgency of comprehensive environmental management. Further Initiatives Across Iconic Sites Grupo Aje’s dedication extends to other UNESCO sites. In the Galápagos Islands, they partnered with the Galápagos Conservancy Foundation to protect giant tortoises. In Tikal National Park, Aje collaborates with the Tikin Petén association to manage solid waste. Similar efforts are underway in Manu National Park and the Nazca Lines in Peru, focusing on waste reduction and environmental education. Conclusion Grupo Aje’s initiatives at Machu Picchu, Cartagena de Indias, the Galápagos Islands, Tikal National Park, Manu National Park, and the Nazca Lines demonstrate the power of public-private partnerships in achieving carbon neutrality and sustainable tourism. These projects provide a replicable model for other tourist destinations, showcasing that environmental protection and cultural heritage preservation can go hand in hand. These efforts by Grupo Aje not only contribute to the local environment and communities but also set a global benchmark for sustainability in tourism. They set an example for municipalities and tourist destinations, proving that it is possible to have a positive impact on the environment while preserving the unique treasures of humanity’s natural and cultural heritage. Contact us at Green Initiative so we can advise your business on innovative solutions for championing climate action and supporting you along the way. Written by Yves Hemelryck, from the Green Initiative team. Source and suggested reading: Melissa Cosmopolis, from El Comercio

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Join the 2º Climate Action in Tourism Seminar Financing Perspectives for Sustainable Decarbonization Bonito Mato Grosso do Sul Brasil Green Initiative

(updated) Join the 2º Climate Action in Tourism Seminar: Financing Perspectives for Sustainable Decarbonization

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Are you ready to take meaningful steps towards decarbonizing the tourism sector? Don’t miss the opportunity to participate in the 2º Climate Action in Tourism Seminar, focusing on Financing Perspectives for the Decarbonization of Companies and Destinations. Post Event: Watch The Seminar Here Grupo Rio da Prata ecotourism receives the Climate Positive Certification from Green Initiative at the seminar. Registration Closed! You Can Still Participate Online What to Expect? This seminar is promoted by the Mato Grosso do Sul Tourism Foundation (FUNDTUR) and Green Initiative and offers a comprehensive overview of commitments and trends in decarbonizing the tourism industry, specifically tailored to the Brazilian context. Join us to explore: Why Participate? By joining this seminar, you’ll gain: Event Details: Seats are limited, so secure your spot now! (registration for in person participation closed, join online here) Agenda and Registration: Click here to view the complete agenda for the event and register for in-person participation. Take advantage of this unique opportunity to contribute to the decarbonization of the tourism sector. Your participation will be instrumental in shaping a more sustainable future for tourism. Let’s work together towards a greener, more resilient tourism industry. See media repercussions here; quick links below

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WorldXchange’s Climate Positive Leadership: Elevating Standards in Tourism and Currency Exchange

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The tourism sector, crucial for global economic vitality and responsible for approximately 10% of global GDP, also contributes significantly to global greenhouse gas emissions. This dual role positions the industry uniquely both as a contributor to and a potential leader in climate change mitigation. With the direct impact of climate change threatening everything from natural landscapes to historical sites, the need for sustainable practices has never been more urgent. WorldXchange, is exemplifying this leadership. Since achieving Carbon Neutral Certification in 2023, WorldXchange has expanded its sustainability initiatives, setting new standards for environmental stewardship within the currency exchange market. These efforts not only highlight its commitment to reducing its own carbon footprint but also demonstrate the potential for industry-wide impact. By leading the charge towards a climate-positive future, WorldXchange not only enhances its operational efficiency and customer appeal but also inspires other businesses within the tourism and financial sectors to follow suit, proving that sustainable practices can coexist with business growth and innovation. This proactive approach is not just about adapting to change—it’s about driving it, ensuring a healthier planet and a more resilient global economy. Continued Leadership in Sustainable Practices WorldXchange has achieved a remarkable 16% reduction in its carbon footprint from 2021 to 2023, underscoring its commitment to operational excellence and eco-friendly practices. This significant decrease highlights the company’s rigorous efforts to innovate and implement efficiency solutions across its operations. Commitment to Biodiversity and Reforestation In an ambitious move to support biodiversity, WorldXchange is committing to plant 15,000 native trees in Madre de Dios, a critical ecosystem in the heart of the Amazon. With over 300 trees planted since 2023, this project not only aids in carbon sequestration but also preserves the habitat for countless species, underscoring the company’s interest in supporting the enhancement of nature´s positive impacts. Educating and Engaging the Public WorldXchange’s impact extends beyond environmental actions. Through comprehensive awareness-raising activities, the company has enlightened over 80,000 individuals about the intricacies of climate mitigation, emphasizing the significant role that both individuals and corporations play in this global fight. Setting a New Benchmark: Climate Positive Certification Achieving the status of the first Climate Positive Certified currency exchange company globally marks WorldXchange as a pioneer in the market. This accolade is a testament to the company’s unwavering commitment to support and actively engage in the environmental standards promoted by LAP (Lima Airport Partners), inspiring others to follow suit. The Urgent Need for Decarbonization in Tourism Supported by the Glasgow Declaration on Climate Action in Tourism, WorldXchange’s initiatives are a response to the critical need for robust climate action within the sector. Aimed at halving emissions by 2030 and achieving net zero by 2050, these efforts align with global strategies for rapid climate mitigation, as highlighted in key reports by entities like the UNWTO and McKinsey & Company. As WorldXchange continues to integrate climate action into every facet of its operations, the path forward is clear—sustainability is not just a goal but a guiding principle for its business model. For further insights into WorldXchange journey and the challenges, visit the original article here. Written by the Green Initiative team.

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Join Us at the Fisheries Seminars During SIDS4 Conference in Antigua and Barbuda Green Initiative

Join CRFM and Green Initiative at the Fisheries Seminars During the SIDS 4 Conference in Antigua and Barbuda

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The Caribbean Regional Fisheries Mechanism will host two in-person offsite seminars on the sidelines of the 4th International Conference on Small Island Developing States, to be convened under the theme: Charting the Course Toward Resilient Prosperity, in Antigua and Barbuda on 27-30 May 2024. These events are being held in partnership with the Office of the Prime Minister, Government of Antigua and Barbuda, the CARICOM Secretariat, the National Fisheries Authority (Jamaica), and Green Initiative. Seminar Topics: These seminars will delve into critical issues facing Small Island Developing States (SIDS) regarding marine resource management and climate resilience. Why Attend? By participating in these seminars, you’ll: Event and Registration Details: Speakers Seminar: Revitalizing SIDS Economies & Food and Nutrition Security through the Sustainable Use of our Living Marine Resources Seminar: Accelerating the Decarbonization of Fisheries in the Caribbean: from science-based targets to climate mitigation finance Take advantage of this unique opportunity to contribute to sustainable practices and resilient prosperity in the Caribean. Let’s work together towards a more sustainable future for our oceans and communities! For more information, email: communications@crfm.int.

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Embracing Regeneration: A New Horizon in Tourism

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In the shadow of overtourism, climate change and cultural erosion, the tourism industry is at a crossroads, with one path leading to a deeper, more holistic approach known as regenerative tourism. This forward-thinking concept seeks not only to mitigate the negative impacts of travel, but to actively improve the environmental, social and economic fabric of destinations worldwide. Through the lens of real examples, we explore the transformative power of regenerative tourism and its potential to redefine our travel experiences. The Essence of Regenerative Tourism By aiming to leave destinations better than they were found, regenerative tourism goes beyond traditional sustainability. It focuses on revitalising ecosystems, strengthening community ties and ensuring tourism supports the overall wellbeing of host areas. It’s a method that sees tourists as active participants in regeneration, not just visitors. Real-World Examples of Regenerative Tourism Brazil: Sustainable Tourism in Bonito, Mato Grosso do Sul The region of Bonito in Mato Grosso do Sul, Brazil, has become a beacon of regenerative tourism. Known for its crystal-clear rivers and rich biodiversity, the city of Bonito has achieved Carbon Neutral Certification and has implemented strict environmental regulations and innovative practices to ensure that tourism makes a positive contribution to the conservation of the environment and the well-being of the community. As a result, tour operators and local stakeholders such as Rio da Prata Recanto Ecológico and Estância Mimosa are working together to preserve the area’s natural beauty while offering tourists an immersive experience in one of Brazil’s most stunning natural landscapes. Costa Rica’s Conservation Efforts Costa Rica’s commitment to nature is evident from its extensive network of national parks and protected areas, which cover more than a quarter of its land area. The country’s innovative payment for ecosystem services program compensates landowners for conserving forested areas, thus promoting biodiversity and attracting eco-conscious travelers. Tourism companies in Costa Rica such as Tulu Travel and Swetours are helping to conserve the country’s rich biodiversity and reforest areas destroyed by deforestation through regenerative tourism initiatives. Green Initiative’s Forest Friends project in Costa Rica’s Osa Peninsula has also attracted the attention of other companies such as CEPA, which has not only reduced its carbon emissions (CO2e) from its study abroad programmes in 2021, but has also planted over 4,000 native trees to date. In the lush landscapes of the Peninsula de Osa, Green Initiative has partnered with the local Saimiri Foundation to undertake a significant ecosystem restoration project. This collaboration focuses on reviving the region’s rich biodiversity including many endangered species, in particular the Tití Monkey which is threatened by deforestation for agriculture and development. By integrating regenerative practices into the local tourism model, they ensure that every visitor contributes to the environmental health of the area, turning what was once a footprint into a lasting positive impact. New Zealand’s Pioneering Approach New Zealand has long been at the forefront of integrating sustainable practices into its tourism sector. The country has taken this commitment further by embracing the principles of regenerative tourism. Tourism New Zealand’s strategy is to encourage visitors to travel more consciously and engage in activities that have a positive impact on the local environment and communities. One example is the Tiaki Promise, where visitors pledge to look after Aotearoa New Zealand for future generations by committing to care for the land, sea and wildlife by treading lightly and leaving no trace; to travel safely by showing care and consideration for all; and to respect the culture and local communities by travelling with an open heart and mind. The Transformation of Palau The Pacific island nation of Palau has introduced a pioneering policy to ensure that tourism contributes positively to the environment and local communities. The Palau Pledge is a formal promise that all visitors must sign upon arrival, committing them to act in an ecologically and culturally responsible way on the island. This initiative, combined with sustainable tourism practices and vast marine protected areas helps to protect and regenerate Palau’s delicate island and marine ecosystems. Peru: Pioneering Projects in the Amazon and Dry Forests In Peru, Green Initiative works closely with Inkaterra Associación to regenerate critical ecosystems in two distinct regions: Tambopata in the Madre de Dios region, one of the planet’s most biodiverse areas, with a high plant biodiversity of up to 300 tree species/ha, and the Chaparrí Ecological Reserve in the Lambayeque dry forests, where the aim is to safeguard animal and tree species including several IUCN Red List species such as the Andean Bear. Travel agencies in Peru like Kuoda Travel are contributing to the conservation of the region by actively participating in the restoration of ecosystems. These Forest Friends projects not only aim to restore the natural environment but also involve local communities in tourism, ensuring that they benefit economically and socially while maintaining their cultural heritage. This approach has proven effective in preserving biodiversity and enhancing the ecological resilience of these vital areas. Slovenia: A Green Heart in Europe Slovenia is setting benchmarks for regenerative tourism in Europe. Recognized as one of the continent’s greenest countries, Slovenia promotes eco-friendly tourism through its Green Scheme of Slovenian Tourism (GSST), a certification program that supports sustainable development. The country’s emphasis on preserving its natural landscapes and promoting local cultures has contributed to the regeneration of rural areas, turning them into thriving tourist destinations that prioritize the well-being of nature and inhabitants alike The Path Forward These examples illustrate regenerative tourism’s profound impact on preserving and enhancing destinations for future generations. By focusing on regeneration, the tourism industry can contribute to solving global challenges like climate change, biodiversity loss, and social inequality. The success of regenerative tourism hinges on collaboration among all stakeholders—governments, businesses, local communities, and tourists. It requires a shift in mindset from merely using natural and cultural resources to actively contributing to their resilience and revival. Green Initiative’s Role in Shaping Climate Action in Tourism Green Initiative’s contribution to regenerative tourism extends beyond project-specific collaborations. As members of the Glasgow Declaration for Climate Action in Tourism,

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

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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

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MRV Enhancing the Integrity of Climate Action - Green Initiative

Measure, Reduce, and Verify (MRV): Enhancing the Integrity of Climate Action

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As the world grapples with climate change, mechanisms of emissions reduction targets and measurement have become essential tools in the global strategy for reducing greenhouse gas emissions. Amid the growing network of initiatives, ensuring authenticity and real-world impact is crucial. This highlights the importance of the Green Initiative Measure, Reduce, and Verify (MRV) process, a key element in validating the effectiveness of emissions reduction efforts in climate action and enhancing credibility. At The Backbone of Climate Mitigation Efforts At its core, the MRV process is a systematic approach designed to accurately quantify the reduction in greenhouse gas (GHG) emissions achieved through various climate mitigation activities, such as conservation and reforestation projects. This intricate process involves the detailed measurement of emissions reductions, the documentation of the results of these findings to an independent verifying body, and the subsequent verification to authenticate the results. Successfully completing this process is critical since it may or may not signify a reduction of GHG emissions, measured in tons of CO2 equivalent. For a simplified understanding of what can be measured, reduced, and verified within the MRV framework, consider the following examples: Energy Consumption in Buildings Measure: Track electricity and heating fuel usage over a specific period.Reduce: Implement energy efficiency measures such as LED lighting, insulation, or energy-efficient HVAC systems.Verify: Compare post-implementation energy consumption data to baseline measurements to quantify reductions in GHG emissions. Transportation Measure: Calculate fuel consumption and mileage of a fleet of vehicles.Reduce: Transition to electric vehicles, improve route planning, or encourage public transport and biking for employees.Verify: Monitor changes in fuel consumption and vehicle emissions after implementing reduction strategies. Waste Management Measure: Assess the volume and composition of waste produced by a business or community.Reduce: Introduce recycling programs, compost organic waste, and reduce overall waste generation.Verify: Evaluate changes in waste diversion rates and reductions in waste-related emissions. Land Use and Forestry Projects Measure: Estimate carbon stored in forests or land before project implementation.Reduce: Engage in activities such as reforestation, sustainable forest management, or protection of existing forests.Verify: Measure increased carbon sequestration or avoided emissions through improved land management practices. Renewable Energy Projects Measure: Document the amount of energy produced by fossil fuels before project implementation.Reduce: Install solar panels, wind turbines, or other renewable energy sources to replace fossil fuel energy.Verify: Calculate the reduction in GHG emissions by comparing renewable energy generation to the previous fossil fuel baseline. MRV goes beyond a set of procedures; it’s an essential process for verifying the effectiveness of emissions reduction initiatives. It plays a crucial role in ensuring that efforts to offset carbon footprints and fulfill climate commitments are genuine and impactful. Green Initiative’s MRV process provides efficient guidance and validation for various initiatives across different sectors leading to decarbonization. Fostering Community Benefits and Climate Goals A key aspect of implementing MRV is its role in ensuring the benefits. By verifying the authenticity and impact of emissions reductions, MRV processes not only bolster the credibility of these initiatives but also encourage a broader engagement in climate action, ensuring that the proceeds support sustainable development and environmental protection at the grassroots level. Communities can benefit from Green Initiative’s Measurement, Reduction, and Verification (MRV) process in several significant ways: Environmental Improvements MRV processes are related to climate mitigation projects, such as reforestation or clean energy initiatives, which can directly benefit communities. Cleaner air, improved water quality, and enhanced biodiversity are just a few examples of how environmental health can be positively impacted, contributing to the overall well-being of community members. Economic Opportunities Projects that undergo MRV benefit communities economically. For instance, reforestation projects can create jobs in tree planting and forest management. Similarly, renewable energy projects can offer employment opportunities in installation, maintenance, and monitoring. These projects can stimulate local economies and provide new income sources. Enhanced Resilience By encouraging decarbonization practices and improving the local environment, MRV processes can help communities become more resilient to the impacts of climate change. For example, better land management and conservation practices can reduce the risk of flooding and drought, protecting communities and their livelihoods. Access to Funding Green Initiative’s MRV provides a framework for transparently measuring and reporting reductions of climate action initiatives and projects, which can be crucial for accessing funding. Verified results can attract investment from both public and private sectors, enabling further community development projects and initiatives aimed at sustainability. Empowerment and Education Engaging with GI MRV processes can empower communities by involving them in monitoring and verification activities, providing education on environmental issues, and encouraging participation in local decision-making processes. This involvement can increase awareness of climate change impacts and foster a culture of sustainability. Global Recognition Successfully verified initiatives can put communities on the map, attracting attention and support from more organizations and other stakeholders interested in replicable models of successful climate action. In summary, MRV can bring various benefits to communities, from environmental improvements and economic opportunities to enhanced resilience against climate change, access to funding, empowerment, social equity, and global recognition. Charting the MRV Process The MRV journey begins with the critical step of establishing a reference level or baseline against which the effectiveness of emissions reduction programs is measured. This entails the adoption of specialized methodologies and assumptions tailored to the specific requirements of different sectors and initiatives. The evolution of MRV standards and systems has enabled a more comprehensive and accurate tracking of emissions and reductions across various levels of implementation, from localized projects to broader, national-scale programs. This includes employing diverse data collection methods, from advanced technological solutions to community-led monitoring efforts, ensuring a thorough and equitable assessment of emissions reductions. Empowering Climate Goals: The Transformative Role of MRV Across Sectors Integrating Green Initiative MRV (Measure, Reduce, and Verify) into climate action strategies offers a robust way to ensure that emissions reductions are genuine, substantial, and aligned with global sustainability goals. Here are some practical examples of how MRV is applied across various sectors and initiatives, showcasing its versatility and critical importance: Forestry and Land Use In projects aimed at reducing deforestation

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Inkaterra Hotels: Leading the Way in Sustainable Luxury, Conservation, and Regenerative Tourism in Peru

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Inkaterra Hotels, renowned for their unparalleled luxury and commitment to conservation, have once again been recognized for their excellence in the hospitality industry. Five of their distinguished properties – Inkaterra La Casona, Inkaterra Hacienda Urubamba, Inkaterra Machu Picchu Pueblo Hotel, Inkaterra Hacienda Concepción, and Inkaterra Reserva Amazónica – have been nominated for the prestigious Travel + Leisure World’s Best Awards 2024. Moreover, Inkaterra, acclaimed as the third best in the World’s Best Hotel Brands in 2019, has received another nomination for the esteemed title of best hotel brand. This recognition underscores not only the exceptional service and experiences offered by Inkaterra Hotels but also their unwavering commitment to environmental sustainability, conservation efforts, and regenerative tourism. One of their numerous accolades stands out prominently – their Climate Positive certification. Discover the Wonders of the Peruvian Amazon at the Inkaterra Amazon Field Station: An Immersive Experience for Nature Enthusiasts, Researchers, Students, and Volunteers An enriching experience for natural lovers, researchers, students and volunteers, Amazon Field Station byInkaterra invites all guests to explore the Peruvian Amazon through interactive excursions, inspired by conservation initiatives managed by Inkaterra Asociación within the megadiverse rainforest. Inkaterra Hotels, deeply rooted in the Peruvian landscape, have made significant strides in mitigating their environmental impact while contributing to preserving Peru’s rich biodiversity. Their Climate Positive certification is a testament to their dedication to combatting climate change and protecting the natural wonders surrounding their properties. The concept of Climate Positivity goes beyond mere carbon neutrality; it involves actively removing more carbon dioxide from the atmosphere than the organization emits. Inkaterra Hotels achieves this through a multifaceted approach encompassing various sustainable practices across their properties. From reforestation initiatives to energy-efficient operations and community engagement, each aspect of their operations is meticulously designed to minimize environmental harm and maximize positive contributions to the ecosystem. In addition to their Climate Positive certification, Inkaterra Hotels are at the forefront of the regenerative tourism movement, pioneering innovative approaches that minimize their ecological footprint and actively regenerate the environments in which they operate. Inkaterra goes beyond sustainability to restore and rejuvenate the natural landscapes and communities surrounding their properties by implementing regenerative practices such as regenerative agriculture, reforestation, and ecosystem restoration. Through initiatives like their Spectacled Bear Conservation project and native tree planting programs, they empower local communities and promote biodiversity conservation, ensuring that their presence leaves a lasting positive impact on both the environment and the people who call these regions home. Inkaterra’s commitment to regenerative tourism enriches the guest experience. It serves as a beacon of hope for the future of responsible Travel worldwide. Inkaterra La Casona, nestled within the historic city of Cusco, seamlessly blends colonial charm with modern comforts while prioritizing sustainability. The property is a beacon of eco-conscious luxury, showcasing how heritage preservation and environmental stewardship coexist harmoniously. Meanwhile, Inkaterra Hacienda Urubamba offers guests a serene retreat in the Sacred Valley of the Incas, where breathtaking landscapes and cultural immersion go hand in hand with responsible tourism practices. In the heart of the Andean cloud forest, Inkaterra Machu Picchu Pueblo Hotel provides an enchanting escape for travelers seeking to connect with nature without compromising luxury. Here, guests can explore the lush surroundings while supporting conservation efforts to safeguard the delicate ecosystem. Venturing into the Amazon rainforest, guests of Inkaterra Hacienda Concepción and Inkaterra Reserva Amazónica are treated to an immersive wilderness experience like no other. These eco-lodges offer unparalleled opportunities for wildlife encounters and actively contribute to rainforest conservation through research, education, and sustainable tourism initiatives. As Inkaterra Hotels continues to garner acclaim for its exceptional hospitality and commitment to sustainability, it invites travelers worldwide to join it in its conservation journey. By voting in the Travel + Leisure World’s Best Awards 2024, guests can support responsible tourism practices and help elevate Inkaterra Hotels to greater heights of excellence. In a world where luxury often comes at the expense of the environment, Inkaterra Hotels is a shining example of how hospitality and conservation can converge to create unforgettable experiences while safeguarding the planet for future generations. Green Initiative and Forest Friends: Leading the Way Towards Regenerative Tourism and Sustainable Hospitality with Inkaterra Hotels As partners of Inkaterra Hotels, Green Initiative and Forest Friends are immensely proud of their dedication to sustainable practices, conservation, and regenerative tourism. We applaud their leadership in the hospitality industry and stand alongside them in their commitment to protecting the planet. We encourage other hotel brands worldwide to follow the example and contact us for guidance and support in implementing environmentally responsible initiatives through our Climate and Nature Positive advisory and certification processes. Together, we can make a significant difference in preserving our natural heritage. Written by Yves van Hemelryck, from the Green Initiative Team.

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Nurturing Nature and Leading Climate Action

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In an era where environmental consciousness is more critical than ever, organizations seek innovative solutions to address climate change risks, market challenges, and innovation opportunities. Green Initiative stands at the forefront, offering services designed to add value to your business and connect you with global initiatives like the Paris Agreement and the United Nations Sustainable Development Goals. Our commitment to sustainability is evident through our adherence to the highest standards recommended by the UN for measuring and reducing company emissions. Additionally, being featured on the ITC Global Standards Map underscores our dedication to maintaining global benchmarks in sustainability. At the heart of our services lies a set of science-based tools that enable your organization to understand its current standing on climate performance. This insight is crucial for developing strategies to mitigate your carbon footprint, ultimately achieving net-zero emissions. Our multi-industry and international expertise uniquely positions us to engage in climate and nature-positive action through mitigation and ecosystem restoration. This involvement aligns with global environmental goals and puts us in a better position to manage greenhouse gas emissions effectively. For example, we are setting standards for sustainable travel in the tourism sector with the Climate Action Guide for Tourism Businesses and Destinations. Simultaneously, we are helping transform the beverages industry with the first ever Climate Positive Certified drinks, signaling innovation in reducing environmental impact. In logistics, we have introduced Latin America’s first climate-neutral logistical services and are deeply committed to supporting the International Maritime Organization’s (IMO) goal of reducing the carbon intensity of international shipping by at least 40% by 2030. In hospitality, we are proud of having certified the first climate-positive hotel chain in the world. And, in agriculture, which accounts for 11% of global emissions, we support agroindustry in different sectors shifting towards climate-smart agricultural practices, making them part of the climate change mitigation solution. Through the International Finance Corporation (IFC), we extend our influence to finance, actively developing climate-smart investment portfolios and providing technical assistance to businesses. This aids in improving overall climate standards in the business world. Benefits of Engaging with Green Initiative 1. Compliance with Global Value Chains: Adhere to global climate policies and standards. 2. Integration of Climate Action: Introduce climate action at the core of your business model. 3. Reduced Financing Costs: Access climate funding to reduce financing costs. 4. Innovation Support: Foster business innovation through climate-smart products and services. 5. Global Recognition: Gain global recognition through climate leadership. Forest Friends A unique nature-positive offering from our portfolio is the Forest Friends Certificates, catering to individuals and organizations dedicated to participating in ecosystem and wildlife restoration. By supporting tree planting initiatives, recipients actively contribute to nature’s positive impact, aligning with our commitment to a greener planet. Our partnerships with organizations deeply committed to long-term ecosystem and wildlife restoration go beyond mere support. These Partner Organizations actively engage in projects that create lasting nature-positive impacts, enhancing biodiversity and ecosystem health. For those seeking an even more significant commitment, we identify accelerators—organizations dedicated to accelerating ecosystem and wildlife restoration. These accelerators play a crucial role in promoting and supporting the involvement of more organizations, fostering a collective effort toward a sustainable future. As part of our commitment, we plant trees on behalf of your organization using an ecosystem-based approach. Our goals focus on restoring connectivity between biodiversity hotspots, providing shelter and food for local species, and engaging with local communities through green job creation. Our reforestation methodology includes: This comprehensive approach ensures the number of trees planted and the overall impact on biodiversity recovery. In choosing our services, your organization catalyzes positive change, aligning with global sustainability goals and contributing to a healthier planet for future generations. Contact us today if you are ready to embark on a journey towards Climate and Nature Positive sustainability, environmental responsibility, and global recognition through climate leadership. Our dedicated team is here to guide your organization through implementing creative solutions, science-based tools, and impactful initiatives. Whether you are looking to measure and reduce emissions, participate in ecosystem restoration, or innovate in climate-smart products and services, we are committed to supporting your goals. Reach out to us now, and let’s collaborate towards a greener, more sustainable future. Together, we can make a difference. Written by Yves van Hemelyck, from the Green Initiative Team.

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