BIO is Carbon Neutral

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09.05.2017
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An independented consultant made a carbon assessment of BIO over 2015, which amounted to 856 tonnes of GHG emissions. These were fully offset through the support of a cooking stoves project in Uganda, earning BIO a Carbon Neutral Certificate for 2015.

In 2015, BIO created an internal Climate Change Task Force, tasked with developing recommendations on increasing the positive climate impact of BIO, both at the company and portfolio level.

The Task Force recommended implementing an annual GHG emissions measurement, setting up a reduction plan and offsetting the outstanding emissions. An independent consultant (CO2 Logic) made a carbon assessment of BIO over 2015, which amounted to 856 tonnes of GHG emissions. These were fully offset through the support of a cooking stoves project in Uganda, earning BIO a Carbon Neutral Certificate for 2015.

In order to develop internal expertise on climate projects, BIO has started using a carbon tool to measure the GHG emissions avoided for each new renewable energy project. Another big action point – still ongoing – is the further integration of climate change aspects in our evaluation of new and existing projects. Projects with a climate change component receive additional attention, and other clients are encouraged to consider environmentally friendly solutions, with the support of our MSME Support Fund.

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