Impact Blog
Calvert goes carbon neutral

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      By Reed MontagueESG Research Analyst, Calvert Research and Management

      Washington -- With the impacts of climate change more readily apparent and the Earth's temperature continuing to rise, each of us needs to take action in support of our planet. Carbon emission reductions is one important strategy that can make a difference. As such, Calvert Research and Management has taken direct steps to become carbon neutral. By offsetting the greenhouse gas (GHG) emissions of our office and operations as well as business travel, we can now eliminate the carbon we produce going back to 2018. Calvert is also offsetting the GHG emissions generated by employee commutes to our office in Washington for 2019 as a way to further support the environment and the planet, while decreasing our own carbon footprint.

      The details - and the impact

      Companies and individuals purchase carbon offsets to pay for projects that reduce carbon dioxide and other GHG emissions, which allows purchasers to eliminate their overall carbon footprint. Such projects typically are based in developing countries and may also provide social benefits. Calvert purchases its offsets from Carbonfund.org Foundation, which has a certified carbon footprint protocol to assess an organization's GHG emissions and provide the highest quality carbon offset opportunities.

      Calvert's offsets support the Amazon River basin, an area long referred to as the "Earth's lungs." Specifically, our offsets support the Envira Amazonia Project, a tropical forest conservation project covering 5 million acres located near the city of Feijó in the state of Acre, Brazil. The project mitigates the release of more than 12.5 million tons of carbon dioxide-equivalent emissions, while preserving the habitat and directly benefiting local communities. Efforts there will include a forest carbon inventory, which will model regional deforestation and land use patterns and mitigate deforestation pressures by paying for ecosystem services. 1

      The project monitors the climate, community and biodiversity impacts and is one of the world's largest REDD+ (the United Nations Program on Reducing Emissions from Deforestation and Degradation) projects. REDD+ projects address various country efforts to reduce emissions from deforestation and forest degradation while fostering conservation, sustainable management of forests and enhancement of forest carbon stocks.2

      Calvert's project is verified by Verified Carbon Standard (VCS), one of the world's most widely used voluntary GHG emissions programs. The project is also verified to Climate, Community and Biodiversity (CCB) standards, earning triple gold level distinction and one of a handful of global carbon offset projects to do so.

      By participating, Calvert is reducing its carbon dioxide emissions, mitigating climate change, conserving habitats for endemic bird species and threatened tree species, improving local water quality, and supporting the retention of top soil and control erosion. Locally, offsets from the project aid in establishing alternative sources of income and employment, while providing agricultural extension training and granting official land tenure as well as other social projects and programs.

      Bottom line: Calvert encourages companies and individuals to offset their own carbon emissions and to manage responsibly their own impacts. One way to take action is through Carbonfund.org or another similar organization offering verification of the carbon offsets being offered.