News - June, 2023
Cipio Partners continues to be climate neutral and is proud to support four projects that compensate remaining CO2 emissions
Since 2021 we have actively taken steps to reduce our CO2 emissions and have decided to offset the amount of CO2 which we can’t avoid through four sustainability projects. We support the conservation of the oceans worldwide, moor renaturation in Germany, as well as the building of fuel-efficient cook stoves and sustainable timber production in developing countries.
We are delighted to announce that Cipio Partners has been CO2 neutral since the beginning of 2021, which demonstrates our commitment to fighting climate change and moving in the right direction for a better future. Therefore, Cipio also strengthened its internal ESG structures and knowledge. Two of our team members have successfully completed the CFA Institute Certificate in ESG Investing exam.
At Cipio Partners we monitor our CO2 emissions and strive to reduce them as much as possible. Compared to 2019 (pre Covid), Cipio Partners significantly reduced its CO2 Emissions by more than 50% in 2022. However, despite our best efforts, daily activities, business operations and necessary flights result in some unavoidable emissions.
We have decided to offset these emissions by making a voluntary contribution to climate projects' funding. As a team, we have collectively chosen four projects:
- The first project we chose is a local moor renaturation and rewetting project in Bavaria, Germany, organized by NABU. Moors are one of the largest and most effective carbon stores on Earth, storing twice as much carbon in their peat as there is in the world's forests.
- Oceans provide more than half of the oxygen we need to live and store a significant proportion of CO2 emissions. Therefore, we support Sea Shepherd again, an international non-profit marine conservation organization that engages in direct action campaigns to defend wildlife, conserve and protect the world's oceans from illegal exploitation and environmental destruction.
- Furthermore, we place great importance on supporting projects that have a positive social benefit on communities besides the environmental impact and therefore we decided to support two projects in developing countries: Certified by Gold Standard, the third project involves planting teak and other valuable species for future timber production in Nicaragua. Remaining patches of native vegetation are also protected, and additional conservation areas are created on the banks of rivers and other watersheds. The forests offer a natural habitat for native animals and plants, save and filter water, and contribute to the mitigation of the greenhouse effect. The employees receive wages above the legal minimum, health insurance and a pension fund.
- Finally, we have chosen a United Nations project that builds fuel-efficient cook stoves for households in Malawi. These stoves reduce firewood expenditures by at least 50% and improve air quality and safety. Fuel-efficient cookstoves also save time, so the women can use this time to set up businesses, meet to discuss local issues or return to school.
Looking forward to 2023, we are committed to further reducing our emissions and supporting projects that make a difference!