24 Jan 2022
We have offset our entire carbon emissions for 2020 and 2021 as well as our employees’ personal carbon footprint, and are now measuring our emissions for 2022.
We’re excited to announce that we have partnered with Greenr to make Funding Options and our workforce climate positive. We’re now using Greenr’s services to measure our scope 1, 2 and 3 carbon emissions and to learn about how we can adopt a more sustainable working lifestyle and reduce our emissions at source.
As a business, we believe in a carbon-free future. And, through our Green Finance Marketplace, we aim to support SMEs across the UK and the Netherlands on their journey to becoming ‘greener’ by providing them with access to green funding.
UK SMEs are responsible for approximately 25 percent of the UK’s CO2 emissions. If businesses don’t reduce these emissions, the UK will be unable to meet its climate goals. Being a business ourselves, we are committed to fighting the climate crisis and we want to play our part in the race to Net Zero. We know that actions speak louder than words - this is why we have joined Tech Nation’s Tech Zero Initiative in October 2021, so we can publicly commit to our goals and be held accountable for our progression in becoming Net Zero. The partnership with Greenr will help us achieve that goal. Furthermore, we’re proud to be part of Innovate Finance’s Net Zero Group Panel, which aims to achieve greater adoption of sustainability considerations in Fintech and helps create the tools and infrastructure to enable businesses to take action.
But behind any business there are the people who will also play a big role in reducing the carbon footprint. This is why we’re offering Greenr’s app to all our employees so they can measure their personal carbon footprint and gain insights into how to reduce their carbon emissions. To start the Greenr Carbon Reduction Competition with a blank slate, we have offset our entire carbon emissions for 2020 and 2021 as well as our employees’ personal carbon footprint, and are now measuring our emissions for 2022.
We have purchased 2062 tons of Vera Verified Carbon Offsets – opting to support three offset projects. The first being the Kayseri Landfill Gas to Energy Project, which aims to avoid greenhouse gas (GHG) emissions from existing landfill areas by collecting biogas to generate electricity. The Angkor Bio Cogen Rice Husk Power Project, the first renewable energy project to utilise rice husk as biomass fuel for electricity generation in Cambodia. Finally, the Bagasse cogeneration project at Lam Son Sugar JSC in Vietnam, which reduces GHG by using bagasse (residue) from a cogeneration plant instead of fossil fuels to generate electricity.
All three of these offset projects contribute to eight UN Sustainable Goals:
Goal 1: No Poverty, which aims to end poverty in all its forms everywhere.
Goal 3: Good Health and Well-Being, which wants to ensure healthy lives and promote well-being for all at all ages.
Goal 7: Affordable and Clean Energy, which aims to ensure access to affordable, reliable, sustainable and modern energy for all.
Goal 8: Decent Work and Economic Growth, which aims to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Goal 9: Industry, Innovation and Infrastructure, which strives to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.
Goal 12: Responsible Consumption and Production, which aims to ensure sustainable consumption and production patterns.
Goal 13: Climate Action, which asks to take urgent action to combat climate change and its impacts.
Goal 15: Life on Land, which wants to protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.
Funding Options has chosen these projects because we sought to align our organisation with sustainable energy generation initiatives that met a variety of the UN’s Sustainable Development Goals. Through these projects, we have offset our 2020 and 2021 carbon emissions. Furthermore, Funding Options will continue to measure its greenhouse gas emissions yearly and we will work on strategies to reduce our carbon footprint and offset what we can’t reduce to help make the world that little bit greener.
Sign up for the best of Funding Options sent straight to your inbox.