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Where Do Your Tourism Emissions Really Come From

Where Do Your Tourism Emissions Really Come From?

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Why Understanding Emissions in Tourism Matters Climate change is no longer an abstract concern. For the tourism industry, it has become a real and pressing issue that influences infrastructure, customer preferences, operational costs, and even destination viability. More travelers are making decisions based on sustainability, and regulators are introducing stricter environmental guidelines across markets. For tourism businesses—whether you run a hotel, operate tours, or manage a restaurant—understanding your greenhouse gas (GHG) emissions is the essential first step to building a sustainable and competitive business model. This begins with understanding what causes emissions and how to categorize them using internationally recognized frameworks. The Climate Action Guide for Tourism Businesses and Destinations by Green Initiative provides a clear, evidence-based path to help businesses assess, track, and reduce emissions at every level of the value chain. Understanding Scope 1, 2, and 3 Emissions The Greenhouse Gas Protocol (GHG Protocol) organizes emissions into three distinct categories, known as Scope 1, Scope 2, and Scope 3. This classification helps tourism businesses understand where emissions are generated and where reduction efforts should be concentrated. Scope 1: Direct Emissions These are emissions released from sources that are owned or directly controlled by the business. They include: For example, a hotel that uses gas-powered water heaters or diesel generators is producing Scope 1 emissions. Scope 2: Indirect Energy Emissions Scope 2 emissions are those generated from the production of energy that is purchased and consumed by the business. This includes: A travel agency that consumes electricity in its office space is responsible for Scope 2 emissions related to the electricity provider’s generation methods. Scope 3: Other Indirect Emissions Scope 3 emissions are indirect emissions that occur throughout the value chain but are not directly controlled by the business. These are often the most complex and the most significant in volume. Examples include: For most tourism businesses, Scope 3 emissions represent the largest share of their total carbon footprint. Emissions by Business Type in Tourism The Green Initiative guide provides a detailed breakdown of how different types of tourism-related businesses contribute to emissions. Understanding these patterns helps businesses identify their emission hotspots and implement targeted climate actions. Hotels and Accommodations Hotels are energy-intensive operations, with emissions originating from various areas: Actionable steps include switching to energy-efficient appliances, training staff on energy-saving practices, offering towel and linen reuse programs, managing food waste, and sourcing products locally. Tour Operators and Travel Agencies These businesses may seem less energy-intensive, but emissions can be significant: Key strategies include regenerative tourism, integrating more low-emission transportation options, choosing eco-certified accommodation partners, offering carbon offset options to customers, and consolidating itineraries to reduce intra-destination travel. Restaurants, Bars, and Hospitality Venues Hospitality venues have concentrated emissions due to: Actions such as sourcing local, plant-based ingredients, optimizing inventory to reduce waste, and transitioning to compostable packaging can significantly lower the carbon footprint. Retail Shops, Attractions, and Leisure Providers These entities generate emissions mainly through: Businesses can improve their environmental performance by choosing sustainable suppliers, minimizing single-use plastics, and offering climate-conscious products and experiences. How to Start Measuring Your Tourism Emissions For tourism businesses that want to act, the first step is to measure emissions accurately. The process can be approached in a structured and manageable way: Step 1: Collect Data Gather the following data categories: Step 2: Apply Frameworks Use internationally accepted frameworks such as: Step 3: Analyze and Prioritize Once data is compiled: Business Benefits of Taking Climate Action Reducing emissions is not just an environmental imperative—it’s a smart business strategy. Companies that adopt climate-positive practices gain a competitive advantage in multiple ways. Customer Preference An increasing number of travelers prefer sustainable options. Offering climate-conscious experiences can attract eco-minded customers and enhance brand loyalty. Cost Reduction Energy efficiency and waste reduction lead to operational savings. Businesses often see rapid financial returns from installing LED lighting, optimizing refrigeration, or improving water use efficiency. Compliance and Risk Mitigation Regulatory frameworks related to emissions and sustainability are expanding globally. Businesses that prepare early will be better positioned to comply with future laws and avoid fines or reputational risk. Certification and Reputation Sustainability certifications such as those offered by Green Initiative (Climate Positive, Carbon Neutral and Carbon Measured) enhance credibility, improve visibility in search engines, and are increasingly valued in procurement processes and partnerships. Moving Beyond Sustainability: The Power of Regenerative Tourism While reducing emissions and minimizing harm is essential, leading tourism businesses are now embracing a more ambitious vision—regenerative tourism. Unlike traditional sustainability models that aim to “do less harm,” regenerative tourism is about actively restoring and improving ecosystems, cultures, and communities through tourism activities. It challenges businesses not only to neutralize their impact but to leave destinations better than they were before. This includes practices such as: Green Initiative’s approach aligns fully with this philosophy, providing pathways for tourism businesses to become genuine stewards of place, not just visitors or service providers. In a world where travelers are seeking deeper meaning, authenticity, and purpose, regenerative tourism represents not only a moral responsibility—but a strategic advantage – says Yves Hemelryck from the Green Initiative Team. Final Thoughts: From Awareness to Strategic Action Understanding your emissions is more than a technical exercise. It is the foundation for meaningful climate action and long-term business success in a rapidly changing world. By identifying where emissions originate and applying targeted reduction strategies, tourism businesses can play a leading role in building a more resilient and responsible industry—while also improving their operations, finances, and reputation. Whether your business is just starting its sustainability journey or seeking certification and performance reporting, the most important step is to begin. Contact us to learn how your tourism business can measure, reduce, and certify its emissions with expert guidance. Our team at Green Initiative is here to support you in becoming Climate and Nature Positive. Get in touch now at greeninitiative.eco/contact. Related reading

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The Importance of Carbon Footprint Management and Increasing Sustainability in the Fishing Sector: Celebrating NFCS’s Carbon Measured Certification

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In today’s world, where climate change and environmental sustainability dominate global economic challenges, industries worldwide are under increasing pressure to reduce their carbon footprints and adopt efficient climate and nature positive. The fishing industry, a vital component of global food security and a significant source of employment is no exception. The National Fishermen Cooperative Society (NFCS), one of Belize’s most well-established cooperatives of lobster and conch fishers, has recently made a commendable stride in this direction by achieving Green Initiative’s Carbon Measured Certification. This milestone highlights the role of carbon footprint management as a core aspect of the NFCS’s long-term competitiveness, assuring new opportunities for market access and integration with global value chains.   The project was directly supported by the Caribbean Regional Fisheries Mechanism (CRFM) as an effort to move Belize’s fisheries development path towards a low carbon/carbon neutral operation in support of blue economy development policy and strategy. By progressively improving its management practices and embracing technological, financial, and structural innovations, NFCS is balancing economic performance with CO2 emissions reduction, fish stock sustainability, and marine ecosystem conservation. This positions the cooperative on a clear path toward a more sustainable and competitive future. Accelerating the Decarbonization of Fisheries in the Caribbean The fisheries sector is a critical component of global food security and income generation, particularly for small island states, and it is a significant source of employment, supporting over 58 million people worldwide. (FAO, 2022) However, it also contributes approximately 4% of the total greenhouse gas (GHG) emissions of the food sector. To ensure the key role fisheries can play in the green, net-zero emissions economy, there is an urgent need to roll out decarbonization investments that will support small cooperatives of fisheries such as the NFC=S to execute the investments required to increase efficiency, reduce energy costs and enter into new and fast-growing sustainable fisheries markets.   The journey towards decarbonizing the fisheries sector in the Caribbean can be categorized into three primary levels of challenges. The first and most significant challenge is the technological maturity. Unlike other sectors, the technologies required to achieve net-zero emissions in the fisheries sector have not yet matured. Fishing vessels operate offshore, often far from ports, necessitating highly reliable solutions. The closest technologies that can aid in the transition include energy-efficient measures such as engines that consume less fuel and emit fewer pollutants, as well as improved vessel designs. The second level of challenge involves the development and adoption of alternative fuels. Using biofuels, biogas, hybrid engines, and green hydrogen can significantly reduce emissions. However, these technologies require further development and investment. The third level of challenge is the development of wind propulsion technologies. Historically, wind propulsion was the primary method of marine transportation. While there have been advancements in tourism sailing, such as cruise ships, these have not yet been widely adopted in the fisheries sector. Investing in smart and innovative wind propulsion technologies could enable both small and large-scale fisheries to utilize sails, reducing their reliance on fossil fuels. Besides the development of new technologies, transitioning to more sustainable practices in the fisheries sector involves significant financial investment and structural changes. The replacement of fishing vessels is a long-term investment, typically occurring every 20 to 40 years. Creating incentives in both the public and private sectors is crucial to facilitate this transition so newer sustainable vessels can be adopted with fewer capital risks. Ports also need to be equipped with the necessary infrastructure to support new and alternative fuels, ensuring a smooth transition as older vessels are replaced with newer, more sustainable models. Conservation and restoration of marine ecosystems are also critical to maintaining biodiversity and supporting fish stocks and, consequently, long-term prosperity for both the fisherman and the ecosystems on which they rely. As Vivas (2024) refers, balancing these objectives is challenging as they require a strategic vision, science-based management for appropriate fisheries stock conservation, and investments. This may be particularly difficult for small fisheries, but this is exactly the type of challenge that the NFCS assumes, playing a leading role at the regional and international levels. The Carbon Measured Certification Cycle In 2024, NFCS supported by the CRFM, conducted a detailed assessment of its carbon footprint, covering Scope 1, 2, and 3 emissions. This thorough approach ensures that all emission sources within their operations are accounted for. According to the results, NFCS’ greenhouse gas emissions were significantly lower than other benchmarks in the lobster fishing industry, emitting an impressive 2,95kg of CO2 per kg of the final product, while other analyzed Australian fisheries emitted from 6.92 to 13.00 kg of CO2 per kg of the final product, considering the emissions related to fishing, processing, and packaging. By analyzing the most impactful emission sources, NFCS outlined several mitigation measures, including transitioning to clean energy sources, investing in energy-efficient engines and technologies, exploring alternative fuels, and optimizing fishing operations. These steps aim to significantly reduce their carbon emissions in the following years. NFCS’s initiative involves transparent implementation and active participation from all stakeholders, ensuring a lasting positive impact on the environment, society, and the economy. Conclusions By taking proactive steps to measure and progressively reduce its CO2 emissions, NFCS is not only enhancing its sustainability but also strengthening its competitive advantage within the international fisheries market. Positioned as one of the few low emissions fisheries producers globally, NFCS is strategically poised to integrate into sustainable fisheries value chains, which are expanding more rapidly than traditional, less sustainable practices. A clear example of this opportunity lies in the Caribbean’s international cruise lines, many of which are committed to decarbonization and sourcing from sustainable fisheries. By managing its climate footprint, NFCS is becoming a key supplier of sustainable lobster, helping cruise ships reduce their scope 3 carbon emissions. This demonstrates how climate mitigation strategies can generate tangible benefits for small-scale fisheries in the Caribbean. Let’s celebrate NFCS’s commitment to sustainability and look forward to a future where the fishing industry not only thrives but does so in harmony with the

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How Sustainability Is Driving Consumer Behavior in 2025 — and What It Means for Your Business

How Sustainability Is Driving Consumer Behavior in 2025 — and What It Means for Your Business

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In 2025, sustainability is no longer optional — it’s a driving force behind consumer, investor, and employee decisions. From travel to logistics, businesses are being reshaped by growing demands for transparency, responsibility, and measurable environmental action. According to IBM’s latest global sustainability study, 51% of consumers say environmental sustainability is more important today than it was a year ago. The shift is clear — and it’s opening major opportunities for businesses that lead with climate and nature positive strategies. Key Sustainability Trends Shaping Consumer Behavior 1. Consumers Are Paying More for Sustainable Products Nearly half of surveyed consumers reported paying an average of 59% more for eco-conscious products. Brands that align with these values are not only earning loyalty but also capturing new markets. 2. Green Investments Are Growing 62% of personal investors now consider sustainability in their decisions — up from 48% just one year earlier. Climate certifications and ESG reporting are now essential for attracting capital. 3. Sustainability Attracts Top Talent 67% of job seekers are more likely to apply for a job with an environmentally responsible company. Sustainable practices are a competitive advantage in today’s hiring landscape. 4. Consumers Want to Act — But Need Help While 77% want to make sustainable choices, barriers like access and affordability remain. Businesses that empower consumers to live more sustainably will stand out. What Leading Companies Are Doing — And How You Can Too ✅ Make Sustainability Visible and Verifiable Certifications are a powerful trust signal for today’s conscious consumers. For example, Delfin Group, a logistics provider, earned Climate Neutral Certification through Green Initiative by optimizing its emissions and adopting cleaner energy solutions across operations. In the travel sector, Kuoda Travel achieved Climate Positive Certification, reaffirming its leadership in sustainable tourism by accurately measuring emissions, offsetting carbon, and supporting reforestation efforts across South America. Meanwhile, in the beverage industry, AJE Group’s Bio Amayu became the world’s first Climate Positive fruit juice, created with sustainably sourced Amazonian ingredients and produced through carbon-balanced practices. In Brazil, institutions like SESC and SENAC are advancing sustainable development in education and culture through Climate Certification. Grupo Rio da Prata, a leader in ecotourism, has achieved Climate Positive Certification by investing in nature conservation, biodiversity, and responsible tourism. From Europe, organizations such as CEPA and AlphaMundi Group are leading the way in sustainable investment and education, aligning their strategies with measurable climate action and long-term environmental impact. These are just a few of the companies and institutions in our portfolio that are leading their sectors by aligning business goals with climate goals — and reaping the rewards of trust, loyalty, and long-term impact. Get certified here → ✅ Promote Nature Positive Actions Go beyond carbon neutrality. Support biodiversity, reforestation, and regenerative practices with measurable impact — like ForestFriends.eco, Green Initiative’s ecosystem restoration project. Through Forest Friends, businesses and individuals can restore native forests and protect endangered species in regions affected by climate change. Learn about Forest Friends → Lead the Change, Build a Better Future Sustainability isn’t a trend. It’s the foundation of a new business model — one that prioritizes regeneration, equity, and long-term value. At Green Initiative, we help organizations turn climate ambition into real-world action.Join the movement. Get certified. Restore ecosystems. Lead the transition to a truly climate and nature positive future. 👉 Explore climate and nature positive certifications👉 Support ecosystem restoration with Forest Friends

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The State of Nature Metrics A Key Step Toward a Nature-Positive Future

The State of Nature Metrics: A Key Step Toward a Nature-Positive Future

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Biodiversity loss and environmental degradation pose significant threats to global economic stability, human well-being, and climate resilience. The urgency to address these challenges has led to the establishment of the Nature Positive Global Goal, which aims to halt and reverse nature loss by 2030. However, measuring progress towards this goal remains a major hurdle due to the lack of standardized metrics. The Need for Standardized Nature Metrics Currently, businesses, governments, and environmental organizations rely on a multitude of metrics to assess the state of nature. The absence of a consistent, unified approach makes it difficult to track progress and ensure accountability. To address this gap, the Nature Positive Initiative (NPI) has been working to create a standardized framework for measuring nature-positive outcomes. Introducing the State of Nature (SON) Metrics The newly developed State of Nature (SON) metrics are designed to provide clarity and consistency in evaluating conservation and restoration efforts. These metrics aim to: The development of these standardized metrics is critical for ensuring that organizations worldwide can effectively measure their contributions to a more sustainable future. Key Components of the State of Nature Metrics The draft State of Nature Metrics, set for piloting in 2025, primarily focus on terrestrial ecosystems. They are structured around three core indicators: These indicators provide a structured, science-based approach to measuring nature’s health, helping organizations make data-driven decisions that support biodiversity restoration. Piloting and Future Development The piloting phase in 2025 will assess the effectiveness of the SON metrics across different environmental and social contexts. The goal is to refine the framework and integrate it into globally recognized sustainability standards such as the Taskforce on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI). While the terrestrial metrics are ready for initial testing, further development is needed for freshwater and marine ecosystems, as well as for the integration of traditional knowledge and local ecological insights. Key challenges such as data accessibility, affordability, and cross-industry applicability will be addressed during this phase. Engaging Stakeholders for a Nature-Positive Future The Nature Positive Initiative has already received extensive feedback from over 700 stakeholders across 15 consultation events, ensuring the framework reflects diverse perspectives. As the piloting phase unfolds, businesses, financial institutions, and policymakers must actively participate in refining these tools to ensure they are scalable, practical, and effective. The introduction of the State of Nature Metrics marks a significant milestone in the global effort to reverse biodiversity loss. By fostering consensus, accountability, and measurable progress, these metrics will play a crucial role in shaping a more sustainable, nature-positive world. Organizations worldwide are encouraged to engage in the piloting process and contribute to the collective mission of safeguarding our planet’s ecosystems for future generations. For further insights, visit: This article was written by Marc Tristant from the Green Initiative Team. Related Articles

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Carbon Credits in 2025: A Turning Point for Climate Action?

Carbon Credits in 2025: A Turning Point for Climate Action?

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The global carbon market is reaching a critical juncture. As climate action accelerates, governments, businesses, and financial institutions are increasingly integrating carbon credits into their sustainability strategies. However, challenges such as transparency, credibility, and market fragmentation persist. Could 2025 be the year that carbon credits transition from a supplementary tool to a mainstream climate action mechanism? Why Carbon Markets Matter for Climate Action Carbon credits play a crucial role in reducing greenhouse gas emissions, enabling companies to offset their carbon footprint through verified climate and nature positive initiatives. As regulatory frameworks evolve and demand for high-integrity carbon credits rises, businesses face growing pressure to make credible sustainability commitments. Wendy Chen, in her article for Climate & Capital Media, explores the key drivers shaping the carbon market, including policy incentives, technological advancements, and small and medium-sized enterprises (SMEs). Inspired by her insights, we examine whether 2025 could be the defining moment for carbon markets. Will Policy Incentives Make 2025 a Game-Changer? Governments are increasingly shaping carbon markets with stronger policies, aiming to ensure the credibility and accessibility of carbon credits. The integration of voluntary and compliance markets is a critical factor in determining whether 2025 will be a breakthrough year. Technological Innovations Strengthening Carbon Markets With the rise of artificial intelligence, cloud computing, and data centers, the tech sector’s carbon footprint has grown significantly. Leading corporations are responding by integrating carbon credits into their sustainability roadmaps, helping shape the future of carbon markets. SMEs and the Growing Role of Carbon Credits Historically, large corporations dominated carbon markets, but SMEs are now becoming key players in both the demand and supply of carbon credits. New Standards Enhancing Carbon Market Integrity As carbon markets scale, new standards are emerging to ensure accountability. Organizations like the Integrity Council for the Voluntary Carbon Market (ICVCM) and the Science-Based Targets initiative (SBTi) are raising the bar for carbon credit verification, helping build trust and drive market growth. The Expanding Role of Nature-Based Solutions Nature-based solutions such as reforestation, blue carbon projects, and regenerative agriculture are crucial for achieving climate and nature positive outcomes. These approaches help absorb CO₂ while preserving biodiversity and supporting local communities. Increasing investment in these projects will be vital in ensuring the integrity and impact of carbon credits. Are Carbon Removal Technologies the Future? Beyond traditional carbon offsets, businesses are investing in direct air capture (DAC), biochar, and enhanced weathering to permanently remove carbon from the atmosphere. These emerging technologies are gaining traction as companies seek long-term, high-impact solutions for carbon neutrality. Beyond Offsetting: Corporate Climate Strategies for 2025 While carbon offsetting remains an essential tool, many corporations are shifting towards insetting, integrating emission reduction measures directly within their supply chains. Companies like Nestlé and Unilever are investing in regenerative agriculture to cut emissions at the source, marking a broader transition toward holistic sustainability strategies. Financial Institutions and the Growth of Carbon as an Asset Class Banks, asset managers, and institutional investors are increasingly incorporating carbon credits into green bonds, carbon ETFs, and structured carbon finance mechanisms. As carbon markets mature, financial backing will be essential for scaling high-quality, impact-driven climate projects. Challenges and Opportunities in 2025 While the carbon credit market is expanding, hurdles such as additionality concerns, double counting, and verification inconsistencies still exist. Addressing these challenges will be crucial to ensuring carbon markets deliver real climate action and economic benefits. If 2025 is to be the turning point for carbon credits, stakeholders must work collaboratively to improve transparency, accessibility, and governance. With strong regulatory frameworks, technological innovation, and financial backing, carbon markets could become a cornerstone of global decarbonization efforts. At Green Initiative, we believe in advancing high-integrity carbon markets and guiding businesses on their path to net-zero emissions. As demand for climate and nature positive solutions grows, we support organizations in leveraging carbon finance opportunities for tangible environmental impact. This article was inspired by Wendy Chen’s insights in Climate & Capital Media. Her analysis provides valuable perspectives on the evolving carbon market landscape. Read her article here.

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Green Initiative Spotlights Exploring Nature, Climate & Land Through International Law and Public Policy

Green Initiative Spotlights: Advancing Climate Action Through International Law and Public Policy

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The intersection of nature, climate, and land governance is a critical focus in today’s global sustainability discourse. The upcoming Nature, Climate & Land: International Law & Public Policy Roundtable promises to be a pivotal event in addressing these pressing concerns. Scheduled for Thursday, February 6, 2025, at 2:00 PM, this event will take place at The Finley Library within The Lauterpacht Centre for International Law. A Platform for Climate Action, Law, and Governance Organized by Climate Law and Governance, the roundtable will serve as a hub for discussions on how international law and public policy can better address environmental challenges and drive effective climate action. As climate change intensifies, legal and policy frameworks must evolve to protect natural ecosystems, mitigate climate risks, and ensure equitable land management practices. Key Topics and Discussions The roundtable will convene leading experts, policymakers, and academics to delve into critical topics, including: Why This Event Matters for Climate Action This roundtable is an opportunity for stakeholders across industries to gain insights into the legal and policy solutions driving sustainability and climate action efforts. By bridging law, policy, and climate science, the event will catalyze new approaches to managing environmental challenges on a global scale. Attending this roundtable will be particularly beneficial for: Join the Conversation With global environmental challenges demanding urgent and coordinated climate action, this event provides an excellent opportunity to engage in meaningful dialogue and influence the future of climate law and governance. For more information and to register, visit the event page.

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Mato Grosso do Sul Recognized Among Top 3 in Brazil’s Best ESG Practices for Sustainable Tourism - Photo Credits Daniel De Granville

Mato Grosso do Sul Recognized Among Top 3 in Brazil’s Best ESG Practices for Sustainable Tourism

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Green Initiative congratulates Mato Grosso do Sul for earning a Top 3 position in Embratur’s “Best ESG Practices in Brazilian Destinations” contest, showcasing their sustainable tourism and climate action leadership. The Agência Brasileira de Promoção Internacional do Turismo (Embratur) recently announced the winners of its prestigious “Melhores Práticas ESG nos Destinos Brasileiros” (Best ESG Practices in Brazilian Destinations) contest. This initiative highlights the best environmental, social, and governance (ESG) efforts driving sustainable tourism in Brazil. Mato Grosso do Sul (MS), through its Secretaria de Turismo, Esporte e Cultura and Fundação de Turismo de Mato Grosso do Sul (FUNDTUR), was recognized as one of the Top 3 destinations for their exceptional progress and leadership. The Top 3 Winners: With participation from nearly 50 organizations and over 200 sustainable initiatives, Mato Grosso do Sul’s recognition is a testament to the state’s growing impact in the ESG tourism space. Sustainable Leadership and Innovation in Mato Grosso do Sul Mato Grosso do Sul has demonstrated consistent progress since launching its sustainability strategy in 2022. Key milestones include: Bruno Wendling, Director-President of FUNDTUR, emphasized the importance of collaboration: “This award reinforces the work initiated in 2022 and demonstrates that our state is on the right path to becoming a more responsible and climate-focused tourism destination. We aim to transform MS into Brazil’s first carbon-neutral state by 2030.” Why ESG Practices Matter in Tourism The adoption of ESG principles (Environmental, Social, and Governance) is essential for ensuring tourism contributes positively to both communities and the planet: Additionally, Mato Grosso do Sul’s efforts align with the principles of regenerative tourism, a concept that goes beyond sustainability to actively restore ecosystems, regenerate communities, and create long-term positive impacts on nature and climate. By integrating climate and nature positive actions, MS ensures that tourism becomes a vehicle for healing the environment, reversing biodiversity loss, and empowering local stakeholders to lead the change. The success of Mato Grosso do Sul underscores the critical role destinations play in advancing these principles to foster a more resilient, inclusive, and regenerative tourism industry. Green Initiative and Mato Grosso do Sul: A Shared Vision At Green Initiative, we champion partners and destinations like Mato Grosso do Sul that demonstrate measurable progress toward sustainability. By implementing innovative carbon management solutions, biodiversity conservation, and inclusive tourism programs, MS is paving the way for a brighter, more sustainable future. This recognition by Embratur highlights the state’s dedication and serves as a powerful example for other destinations aiming to integrate ESG practices, regenerative tourism, and climate and nature positive strategies. Looking Ahead As part of their award, Mato Grosso do Sul will receive ESG consulting support from Embratur, highlighted participation in international marketing campaigns, and professional project documentation, including videos, to amplify global visibility. These benefits will further strengthen Mato Grosso do Sul’s position as a leader in sustainable and regenerative tourism, attracting investments and fostering partnerships to achieve their 2030 carbon-neutral goal. Join Us in Celebrating Sustainable Tourism Excellence Green Initiative congratulates Mato Grosso do Sul and FUNDTUR for their achievements. Together, we can inspire more destinations to embrace sustainability, climate action, regenerative tourism, and inclusive practices as central pillars for development. Let’s work towards a future where tourism drives positive change for people, nature, and the planet. Contact us to learn more about sustainable tourism and Green Initiative’s global efforts.

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Brazil Adopts a Regulated Carbon Market A Milestone in Climate Action and Sustainability

Brazil Adopts a Regulated Carbon Market: A Milestone in Climate Action and Sustainability

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In a historic environmental policy move, Brazil enacted Law No. 15,042, dated December 11, 2024, establishing the Brazilian System for Trading Greenhouse Gas Emissions (SBCE). This ambitious initiative positions Brazil as a global leader in combating climate change and transitioning to a low-carbon economy. By fostering sustainable practices and promoting climate and nature-positive strategies, this law is set to revolutionize Brazil’s environmental and economic landscape. What Is the Brazilian System for Trading Emissions (SBCE)? The SBCE is a regulated carbon market where companies and industries trade emission allowances, known as Brazilian Emission Quotas (CBEs). Each quota authorizes the emission of one metric ton of carbon dioxide equivalent (tCO₂e). Companies emitting less than their quota can sell surplus allowances, while those exceeding their limit must purchase additional quotas. The system is complemented by Certificates of Verified Reduction or Removal of Emissions (CRVEs), generated by projects that reduce or capture GHG emissions. These include reforestation, clean energy projects, and environmental conservation. Businesses can trade CRVEs or use them to offset emissions, contributing to climate action and sustainability goals. Key Features of Law No. 15,042 This groundbreaking legislation lays out mechanisms to regulate emissions and incentivize businesses to adopt sustainable practices. Key features include: How the SBCE Works: Implementation and Timeline The SBCE will be implemented in phases to ensure a smooth transition: The government has a two-year period to finalize regulations, after which businesses will have additional time to comply with emission limits. Benefits of the SBCE: Climate and Nature-Positive Outcomes The regulated carbon market is a powerful tool for fostering sustainable development and generating significant climate and nature-positive impacts: Transforming Industries Through Sustainability Energy and Manufacturing Agriculture Regenerative Tourism The tourism sector can lead the way in adopting climate-positive strategies: Challenges and Opportunities While the SBCE offers immense potential, it presents challenges that require attention: Why the SBCE Matters for Brazil and the World Law No. 15,042 is not just about reducing emissions but redefining Brazil’s role in the global economy. By embedding climate and nature-positive principles into its economic framework, Brazil is committed to a sustainable future where economic growth complements environmental stewardship. The SBCE is a bold step toward a green economy, from regenerative tourism to carbon-neutral industries. It empowers businesses to innovate while addressing urgent climate challenges, ensuring Brazil remains a key player in global sustainability. FAQs About the SBCE What is the primary goal of the SBCE? The SBCE aims to reduce greenhouse gas emissions and foster sustainable practices through a regulated carbon market. Which sectors are regulated? Energy, transportation, and manufacturing are included, while primary agriculture is excluded, but they can participate voluntarily. What are the benefits of the SBCE for businesses? The SBCE incentivizes innovation, attracts green investments, and enhances international competitiveness. Take the Next Step Toward Sustainability Is your business ready to align with Brazil’s new carbon market? Partner with Green Initiative for expert advice and climate certification services. We provide tailored solutions to help your organization navigate the SBCE, reduce emissions, and achieve sustainability goals. Contact us to transform your climate action strategy and become a leader in Brazil’s sustainable future. Let’s work together for a climate-positive tomorrow!

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Understanding IFRS S Insights from Kwantland's Las NIIFs (con S al Final)

Understanding IFRS S: Insights from Karen Wantland – “Las NIIFs (con S al Final)”

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This article draws directly from the insightful post “Las NIIFs (con S al Final),” authored by the expert Karen Wantland at Kwantland. Her analysis offers a comprehensive overview of the International Financial Reporting Standards (IFRS) and their evolution into the new IFRS S standards, which focus on sustainability-related disclosures. Below, we summarize and expand on their key points to highlight the importance of these standards for businesses worldwide. About Karen Wantland Karen Wantland is a writer, strategist, innovator, and advisor on Environmental, Social, and Governance (ESG) matters. With over two decades of experience, she has collaborated with companies and organizations to advance sustainability and social innovation. Karen is also a seasoned columnist, sharing her expertise through various media outlets, making her a respected thought leader in the ESG field. Her contribution in the original article provides valuable clarity and actionable insights into the evolving landscape of ESG reporting, particularly the IFRS S standards. What Are IFRS and IFRS S Standards? As Karen Wantland´s article explains, International Financial Reporting Standards (IFRS) have provided a unified accounting framework for over two decades, ensuring transparency and comparability in financial statements across jurisdictions. The standards, developed by the International Accounting Standards Board (IASB), are mandatory in some countries and optional in others. In response to the growing demand for sustainability-related reporting, the IFRS Foundation established the International Sustainability Standards Board (ISSB) in 2021. This board focuses on developing standards that guide companies in disclosing the financial implications of Environmental, Social, and Governance (ESG) issues. These are known as IFRS S standards, with the “S” emphasizing sustainability. Key Features of IFRS S Standards The IFRS S standards aim to enhance the quality of sustainability reporting by focusing on financial materiality, a concept drawn from the Sustainability Accounting Standards Board (SASB). Karen Wantland’s article highlights two key IFRS S standards: According to Karen Wantland, IFRS S standards are gradually being adopted globally, with countries like Mexico and Costa Rica already requiring compliance by 2026. Why IFRS S Standards Matter Karen Wantland’s analysis underscores the critical role of IFRS S standards in bridging the financial and sustainability reporting gap. By adopting these standards, companies can: Karen Wantland’s Recommendations for Compliance The original article provides valuable recommendations for businesses preparing to comply with IFRS S standards. Here are the key steps they suggest: Final Thoughts Introducing IFRS S standards marks a significant step forward in sustainability reporting. By following Karen Wantland´s guidance provided in her articlle “Las NIIFs (con S al Final)”, businesses can ensure compliance, enhance transparency, and seize new opportunities in a world increasingly focused on sustainability. At Green Initiative, we applaud Karen Wantland for her comprehensive breakdown of these critical standards. For further insights, visit the original Las NIIFs (con “S” al Final) article. Related Articles:

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

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

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