In an effort to encourage broader awareness of environmental sustainability, the US recently established a new Green Group to promote mindfulness through volunteerism and other initiatives that will reduce the firm’s environmental impact in the region.
This means that we will offset the direct greenhouse gas emissions of the three-day conference and all emissions related to delegates travelling to the conference. The total emissions from the conference will be measured and the same amount of carbon in the form of carbon credits will be retired.
Those credits come from the Rimba Raya Reducing Emissions from Deforestation and Degradation (REDD) project in Borneo, which is helping to prevent the deforestation of nearly 65,000 hectares of peat swamp forest, with the goal of avoiding more than 130 million tonnes of carbon emissions. This compares to removing one million cars from the world’s highways every year for the next 30 years.
Rimba Raya is the world’s largest initiative to protect and preserve high-conservation-value tropical lowland peat swamp forests and the world’s largest privately funded orangutan reserve.
Allianz has been a 100% carbon-neutral business since 2012. Being part of Allianz group, AllianzGI offsets unavoidable carbon emissions by retiring carbon credits that were created via investments in sustainable forest protection projects.
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