ClimateCare is a profit for purpose environmental and social impact company known for its role providing carbon offset services, with a particular focus on using carbon and other results based finance to support its 'Climate+Care Projects'.[1] It also provides businesses and governments with sustainable development programmes, environmental and social impact measurement and project development.[2]
 | |
| Company type | Privately held company |
|---|---|
| Industry | Green |
| Founded | 1997 |
| Founders | Mike Mason, Edward Hanrahan and Tom Morton |
| Headquarters | Oxford , United Kingdom |
Number of locations | 3 (United Kingdom, Kenya, India) |
Area served | Worldwide |
| Products | Carbon offsets, RECs, Social impact outcomes |
| Services | CSR programmes, Government Aid Programmes, Supply Chain and market development projects in India and Africa |
| Website | climatecare.org |
The company was founded in 1997 with a focus on projects that cut carbon and fund social development. ClimateCare is a certified B Corporation and a founding member of the B Corporation movement in the UK.[3] The company has offices in the UK, India, and Kenya.
History
editClimateCare was founded in 1997 to encourage organisations and individuals to take voluntary action on climate change.[4] In 2001, ClimateCare was contracted by The Co-operative Bank to replant part of the rainforest in the Kibale National Park as part of the bank's effort to create a carbon neutral mortgage product.[5][6]
In 2007, ClimateCare worked with The Travel Foundation to establish the World Care Fund, the largest emission reduction programme in the travel industry.[7] On 24 August 2007, ClimateCare announced that it had delivered its first million tonnes of greenhouse gas emission reductions.[8] Climate Care was sold to J.P.Morgan in 2008 and became part of its Environmental Markets business.[9] It was taken private through a Management Buy Out in 2011 and began operating under a 'profit for purpose' business model.[10] In 2012, ClimateCare worked with the Kenyan government to develop a 10-year National Climate Change plan.[11] In 2014, ClimateCare was awarded the Queen's Awards for Enterprise for its contribution to addressing climate change.
In April 2016, the company announced it has funded over 20.6 million tonnes of greenhouse gas emission reductions worldwide and improved the lives of 16.5 million people.[12] In 2018 ClimateCare was ranked as the number one B Corporation in the UK.[13]
Operations
editClimateCare designs and delivers projects that deliver against multiple Sustainable Development Goals and measures both environmental and social outcomes from these projects. It uses a market approach to sustainable development, kick starting markets for live enhancing goods and services. The company developed a Revolving Fund model which it is using to create a new market for clean burning ethanol cookers in Kenya, helping the community to leapfrog traditional development pathways.[14] ClimateCare also works with corporations by measuring their carbon, natural capital and social impacts, and has worked with organisations such as Jaguar Land Rover and Aviva.[15][16]
ClimateCare projects
editClimateCare funds many projects around the world mainly in developing countries with the aim of reducing greenhouse gas emissions and supporting sustainable development in these countries. Projects are submitted to various independent standards to ensure accuracy, additionality and verification that emissions reductions are achieved.[17] Standards for carbon offsetting include the Gold Standard, developed by charities such as WWF, and the Voluntary Carbon Standard developed by The Climate Group.
Cookstove projects: In 2009, ClimateCare partnered with Impact Carbon and registered the first voluntary Gold Standard cookstove project. This project creates a market for fuel-efficient stoves in households and institutions throughout Uganda. These stoves use less charcoal than traditional cooking methods, cutting carbon emissions and reducing indoor air pollution, making them much less damaging to the health of the cooks and their families.[18] As of June 2016, the partnership had sold more than 835,000 stoves, while creating over 700 jobs and cutting 824,977 tonnes of carbon emissions.[19]
In November 2014, the company partnered with Safi International to distribute ethanol cookstoves in Kenya. Through a mixture of micro-financing, government subsidies and carbon finance, ClimateCare was able create a revolving market for the stoves that allowed the initial capital to be reused.[20][21] ClimateCare has also used a revolving fund model on the Pamoja Life project that helps provide cookstoves, solar lighting and other low-carbon products to very poor people in east Africa.[22]
LifeStraw Carbon for Water: In 2012, ClimateCare partnered with health company Vestergaard Frandsen to develop this project that uses carbon finance to fund provision of safe water to 4 million people in Western Kenya.[17] The project was the first in the world to link carbon credits with water provision at scale and has won awards including the Carbon Finance Transaction of the Year award 2012.[23]
AquaClara project: In 2014, the Non-profit organisation Aqua Clara International, partnered with ClimateCare to establish a water purification project in Kenya, manufacturing and distributing household water filters that replace the need to boil water. The resulting emissions reductions are measured, independently verified and sold to businesses that want to reduce their unavoidable carbon footprint by supporting projects that improve people's lives as well as the environment.
The project is funded through the sale of carbon credits and, as a result, an estimated 18,750 families will have safe water by May 2017.[24]
See also
editReferences
edit- ^ "Aviva's Carbon Offset Programme Has Improved the Lives of 200,000". Aviva. 28 August 2013. Retrieved 18 December 2016.
- ^ Simpson, Anna (14 October 2014). "ClimateCare Receives Highest Honour For UK Company". Green Futures Magazine. Archived from the original on 20 December 2016. Retrieved 18 December 2016.
- ^ "ClimateCare". BCorporation. Retrieved 18 December 2016.
- ^ "Aviva Develops New Way to Measure Carbon Offsetting". Ethical Performance. Retrieved 18 December 2016.
- ^ Wennemyr, Susan (14 January 2012). "UK Bank Offers Green Mortgages". Social Funds. Retrieved 18 December 2016.
- ^ "To Co-operative Bank". BSD Global. Retrieved 18 December 2016.
- ^ Martineau, Imogen (2 March 2007). "Forum of the Future Welcomes New World Care Fund From First Choice". Forum For the Future. Archived from the original on 20 December 2016. Retrieved 18 December 2016.
- ^ "ClimateCare". Archived from the original on 13 July 2011. Retrieved 29 October 2009.
- ^ Vidal, John (27 March 2008). "JP Morgan Buys British Carbon Offset Company". The Guardian. Retrieved 18 December 2016.
- ^ Airle, Catherine (8 August 2008). "ClimateCare Buys Itself Out From JP Morgan, Targets U.N. Offsets". Bloomberg. Retrieved 18 December 2016.
- ^ "Kenya's Climate Change Action Plan: Low Carbon Climate Resilient Development Pathway" (PDF). Climate and Development Knowledge Network. 2012. Retrieved 18 December 2016.[permanent dead link]
- ^ "ClimateCare reports impressive impact figures". ClimateCare.
- ^ "ClimateCare | Certified B Corporation". bcorporation.net. Retrieved 15 January 2019.
- ^ "ClimateCare Wins Carbon Finance Transaction of the Year Award". ClimateCare.
- ^ Simpson, Will (25 March 2014). "Jaguar Land Rover Embraces Carbon Finance to Deliver Change". Triple Pundit. Retrieved 18 December 2016.
- ^ "Aviva Develops New Way to Measure Carbon Offsetting". Ethical Performance. Retrieved 18 December 2016.
- ^ a b Ni Chonghaile, Clar (29 November 2012). "Straw Poll Finds in Favor of Western Kenya's Water and Carbon Solution". The Guardian. Retrieved 18 December 2016.
- ^ "Impact Carbon's Cookstove Programme – Carbon Revenues for Monitoring and Capacity Building". Global Alliance For Clean Cookstoves. Retrieved 18 December 2016.
- ^ "Ghana Stove Project Cuts Deforestation, Improves Health and Generates Small Businesses". Environment Times. 13 June 2016. Retrieved 18 December 2016.
- ^ "Ethanol Stoves Give Boost to Kenya's Poor". ShanghaiDaily. 18 January 2015. Retrieved 18 December 2016.
- ^ "Carbon: ClimateCare's Ethanol Cookstoves Fund". Environmental Finance. 1 April 2015. Retrieved 18 December 2016.
- ^ Balch, Oliver (20 July 2016). "Investors' Neglect of Small-Scale Renewables Threatens Universal Energy Access". The Guardian. Retrieved 18 December 2016.
- ^ "ClimateCare supported project wins Carbon Finance Transaction of the Year". ClimateCare. 2012. Retrieved 18 December 2016.
- ^ Szmigielski, Rhiannon (2 September 2014). "Funding Safe Water This World Water Week". Sustain. Retrieved 18 December 2016.