We at BAUX have decided to put effort, money, engagement, and decisiveness into fulfilling one of the United Nations goals—Goal 13—which involves making all areas of our business to become climate neutral in 2021. To achieve this, we have joined the Climate Neutral Now initiative, launched by the United Nations Framework Convention on Climate Change (UNFCCC) secretariat.
Climate Neutral Now is one of several initiatives launched by the UNFCCC secretariat to increase climate action by engaging non-party stakeholders. It was launched in 2015 based on a mandate to promote the voluntary use of carbon market mechanisms recognised under the Convention.
“We are pleased to see BAUX ambitious sustainability efforts and their aim for climate neutrality.”
Our first step aiming for climate neutrality was to understand and quantify our emissions. The Greenhouse Gas Protocol (GHG Protocol) is the most widely used international accounting tool for understanding, quantifying, and managing greenhouse gas emissions and working towards the United Nation’s Sustainable Development Goals.
The second step we took was reducing our greenhouse emissions wherever possible. We, as an organisation, need to reduce our climate footprint as much as we can to ensure the credibility of any associated climate action.
Once we measured our greenhouse gas emissions and identified significant source activities, we identified actions we could implement to reduce the emissions generated from those activities.
Renewable energy at Stockholm Headquarters (agents not included).
Renewable energy in our Swedish and Australian factories.
Bikes for employees’ commutes.
Reduced international travel
Offsetting is a climate action that enables us to compensate for the emissions we cannot avoid by supporting worthy projects that reduce emissions somewhere else.
When we offset our emissions with Certified Emission Reduction units (CERs), we have chosen to take climate action through a process which is overseen by the United Nations.
We are aware that offsetting our Co2 emissions is not equal being Climate Neutral. However, we believe that throguh offsetting towards trustworthy CDM projects, we can help inittiatives that do good for our planet.
We have purchased CERs that are issued from trustworthy climate-friendly projects called Clean Development Mechanism (CDM) projects. CDM projects take place in developing countries and contribute to their sustainable development. Each project goes through a strict and thorough vetting process.
We have decided to offset all of our emissions from the year 2020 by donating to renewable energy projects around the world. We have diversified our offsetting to cover three main continents; Asia, Africa and Latin America.
We are committed to annually report our estimated Co2 emissions, reduction activities, targets, and offsetting projects.