Glossary

ClimeCo Strengthens ESG Portfolio With Acquisition of Global Affairs Associates

ClimeCo Strengthens ESG Portfolio With Acquisition of Global Affairs Associates

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CONTACT
Nancy Marshall, Vice President, Marketing

484.415.7603 or nmarshall@climeco.com

ClimeCo Strengthens ESG Portfolio With Acquisition of Global Affairs Associates

BOYERTOWN, Pennsylvania (Nov. 4, 2021) – ClimeCo is pleased to announce the acquisition of Global Affairs Associates (GAA), LLC, an Environmental, Social, & Governance (ESG) and sustainability consulting firm based in Houston, Texas.

“Acquiring GAA allows us to expand deeper into the energy and capital markets,” said William Flederbach, President and CEO of ClimeCo. “Combining ClimeCo’s leadership in sustainability, corporate climate strategy, and climate policy with GAA’s expertise in ESG strategy, public reporting and disclosure, and Task Force on Climate-Related Financial Disclosure (TCFD), allows ClimeCo to support our clients from the onset of their early sustainability efforts to setting and achieving net-zero and other ESG targets.”

The acquisition will strengthen ClimeCo’s existing ESG capabilities and add essential staff to its Sustainability, Policy & Advisory Team, which has seen significant demand due to ever-increasing pressure and expected regulatory requirements for sustainability reporting and performance.

“As a leading ESG consulting firm, GAA is excited to combine our talented team with the experienced professionals at ClimeCo and their extensive portfolio of offerings,” said Kaitlyn Allen, Founder, President and CEO of GAA. “It’s a truly complementary partnership that enhances the products and services of both entities.”

Increasing demand from investors, stockholders, and customers has led 60% of Fortune 500 companies to set goals to reduce their contributions to climate change by 2030 and 2050, respectively, and approximately 90% of S&P 500 companies to report on sustainability. Global ESG-qualified assets under management (AUM) are projected to exceed $53 trillion by 2025, with nearly 20% of global market capitalization committed to the Science-Based Target Initiative.


“ClimeCo helps our clients become sustainability leaders and winners in the low-carbon economy,” said Emily Damon, VP, Sustainability, Policy & Advisory at ClimeCo. “This year, many of our clients recognized the need to accelerate their ESG efforts. Having the GAA team join forces with ClimeCo enables just that.” 

The integration of these two companies positions ClimeCo to effectively support diverse business sectors in navigating the risks and opportunities associated with the climate change and global energy transition.

“The transition to a low-carbon economy is complex and multifaceted,” said Amanda Hsieh, Chief Operations Officer at GAA. “Offering a comprehensive suite of solutions that address the unique nuances and needs of our clients helps us to accelerate their progress.”

As key players in the ESG arena attend COP26 in Glasgow, Scotland, it’s clear that policy efforts are increasing. Carbon pricing now covers one-fifth of global greenhouse gas emissions, and mandates for climate-related financial disclosures are being announced. ClimeCo’s goal is to make a difference today for a better world tomorrow. Our ESG Advisory team is ready to support our clients’ journeys toward net-zero.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complementing these programs is a team of professionals skilled in providing sustainability program management services, and in the development and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.


About Global Affairs Associates

Global Affairs Associates, LLC is a boutique, women-owned ESG and sustainability consulting firm. GAA’s corporate practice helps public and private companies understand, manage, and communicate their ESG profile, advantages, risks and opportunities. GAA’s capital-markets practice helps investors and financial institutions understand and set business-appropriate ESG policies, and integrate ESG into investment strategy.  

ClimeCo Green Adds Plastic Credits to Website

ClimeCo Green Adds Plastic Credits to Website

ClimeCo Green Adds Plastic Credits to Website

ClimeCo Green Logo

ClimeCo Green is now offering plastic credits that are available for purchase on its website. Individuals and households can calculate their plastic footprint based on the country they live in with ClimeCo Green’s newly developed calculator and purchase plastic credits to mitigate their footprint. The purchase of credits will support plastic cleanup projects from around the world.

To calculate your plastic footprint, learn more about plastic credits, and view the projects available for mitigation, click here.




About ClimeCo Green

ClimeCo Green helps individuals and businesses easily calculate and offset their carbon and plastic waste footprint. By purchasing credits, you can support carbon emission and plastic waste reduction projects, which bring co-benefits to our environment and surrounding communities. Co-benefits vary from project to project, but some of the most common include improved air and water quality, erosion control, nutrient buffering, habitat protection, enhanced food supply, or providing local jobs. ClimeCo Green strives to find projects that provide the most co-benefits so that as its customers mitigate their footprint, they can feel confident that their support extends beyond reducing greenhouse gases (GHG) or plastic waste.

For more information, contact ClimeCo Green at green@climeco.com, or through its website ClimeCoGreen.com.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.


For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

Responsible Plastic Management Step 1: Plastic Footprinting

Responsible Plastic Management Step 1: Plastic Footprinting

Responsible Plastic Management Step 1: Plastic Footprinting


by: Alyssa Hudson | Plastic Program Intern | October 20, 2021

Source: Green Queen

It is indisputable that plastics have made their way into every aspect of our lives, and they’re here to stay.

While plastics play an important role and offer many benefits, there is growing concern over the waste accumulating in landfills, rivers and oceans, and the stomachs of animals and marine life.

Globally, 380 million tonnes of plastic are produced every year, with some reports indicating that up to 50% of that is for single-use purposes. COVID-19 has exacerbated the issue. Roughly 200 billion plastic-based disposable masks and gloves have been used globally every month during the pandemic; the United Nations (U.N.) projects that most of this COVID-19 personal protective equipment will likely end up in landfills or the ocean.

Source: Plastic Pollution Treaty

Plastics have numerous benefits and continue to gain popularity with businesses. Plastics can reduce logistics costs, protect and preserve food, enhance vehicle safety, and contribute to life-saving medical treatments. With a growing trend of businesses increasing plastic use, the World Economic Forum predicts that plastic production will double in the next 20 years.

As the use and production of plastics increase, businesses seek to understand how they can help solve one of the most significant challenges of our time – plastic waste.


Taking Account of Your Plastic Footprint


Plastic Accounting? Plastic Footprinting? What does it mean, and why do it?

Plastic footprinting is an exercise in which a company quantifies plastic volumes and flows throughout its value chain. Akin to greenhouse gas (GHG) footprinting, plastic footprinting documents plastic material flows and how they are managed throughout the entire supply chain – including design, use, reuse, recycling, and end of life. Similar to GHG emissions, which are typically broken into Scope 1, 2, and 3 emissions (direct emissions, indirect emissions from electricity, and other indirect emissions), plastic accounting requires consideration of plastic within a company’s control and value chain. Unique from GHG accounting, a plastic footprint must split plastic volumes by their ultimate destination: landfill, ocean, recycling, reuse, etc.

Source: Climate Action/Photograph by Greenpeace

Unlike GHG footprinting – guided for most corporations by the World Resource Institute’s GHG Protocol – there is currently a lack of standardized guidance for plastic footprinting. Many are preparing corporate plastic footprints even before a de facto standard is established, while others are working to create the standard. For instance, World Wildlife Fund (WWF) recently developed an innovative tool called ReSource Footprint Tracker. Others are calling on the U.N. to develop a treaty that could provide some of this consistency.

Corporations interested in plastic impacts can help shape the standardization and rigor of this process. ClimeCo is currently helping leading organizations engage with leading NGOs and have a voice in this movement.

A Meaningful Step Forward

Why quantify a company’s plastic footprint? It allows you to set credible targets, strategically improve your company’s impacts, and reap stakeholder and reputation benefits as a result.

Source: Resource Plastic

Once a corporation has quantified its plastic footprint, the next step is to improve its plastic impacts. One way to do this is by empowering product designers and engineers to be innovative thinkers on reducing plastic use in product development and within the overall supply chain. In parallel, as your organization evaluates how you can reduce your operational plastic footprint, ClimeCo can help you finance environmental plastic waste cleanup using plastic credits. Companies can use these credits to mitigate external environmental plastic waste beyond company control and the unavoidable volume portion of their plastic footprint. Funding from credits help to scale the recovery and recycling of environmental plastic waste around the world.

Utilizing reporting frameworks such as the Global Reporting Initiative (GRI): GRI 306: Waste,  SASB: Waste Management, and U.N. Sustainable Development Goals (SDGs), can inform how companies can credibly share their progress.

The same factors that drove climate into corporate reporting are starting to do the same for plastics. Investors and supply chains need comparable ESG metrics to evaluate companies’ performance against market competitors. Customers and employees want company actions on plastics to match their values. Accounting for your plastic footprint can help your company enhance its performance and reputation. For leaders who want to integrate plastic into their corporate strategy, ClimeCo is ready to assist.



About the Author

Alyssa Hudson serves as an intern for the Plastics Program at ClimeCo. She is currently pursuing a master’s degree in Environmental Studies from the University of Pennsylvania with a concentration in sustainability and business. In the future, Alyssa would like to work in corporate sustainability to help businesses forge sustainable futures.

ClimeCo’s Feature in the ECO Marine Pollution Magazine’s 2021 Issue

ClimeCo’s Feature in the ECO Marine Pollution Magazine’s 2021 Issue

ClimeCo’s Feature in the ECO Marine Pollution Magazine’s 2021 Issue


ClimeCo has a feature in ECO Marine Pollution Magazine’s 2021 issue! The article is written by our Plastic Program Director, Chris Parker, and it discusses the environmental impact of ocean plastic pollution, how ClimeCo is finding solutions by creating value in plastic, how plastic credits work, their benefits, and their future.

Read the full article, titled “Plastic Credits, Financing Marine Plastic Pollution Recovery,” by clicking the image below or by visiting the virtual magazine via desktop by clicking here or via tablet/mobile by clicking here.

 

 

About ECO Magazine

ECO Magazine is a marine science publication committed to bringing scientists and professionals the latest ground-breaking research, industry news, and job opportunities from around the world.


Phone: (772)-221-7720
Website: https://ecomagazine.com/

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

TONTOTON’s Story of the Plastic Credit

TONTOTON’s Story of the Plastic Credit

TONTOTON’s Story of the Plastic Credit

Orphan plastic refers to post-consumer single-use plastic that is of little value and non-recyclable. This type of plastic waste poses a significant threat to our world’s oceans. Our partners at TONTOTON have found a solution to prevent this plastic waste from entering the oceans by collecting it and giving it a productive next life. With the selling of plastic credits, TONTOTON can expand and grow its project efforts.

Click here to learn more about our plastic credit program.  If you are interested in supporting this project by purchasing plastic credits, please contact us today

This video is an excellent introduction to TONTOTON’s project and the impact plastic credits can make on our planet. 

 

 

Offset Pricing Monthly Market Digest – September 2021

Offset Pricing Monthly Market Digest – September 2021

Offset Pricing Monthly Market Digest – September 2021

by Derek SixOctober 6, 2021


Offset Supply Information:

All CCOs issued to date: 225.32 million

Compliance credits awaiting issuance: 23.40 million

CA and General Market Commentary:

  • CCA prices climbed in September. Events positively impacting CCA prices included California Governor Gavin Newsom’s successful defense against his re-call election and the increase in trading from financial players in the California market. 
  • While widely expected, Governor Newsom’s victory was seen as protecting against a possible threat to California’s program.
  • This year several new ETFs have opened which seek to reflect the performance of the CCA market and this influx of speculative capital has increased demand for the instruments.
  • Offset (CCO) prices moved upward during September as compliance entities purchased offsets for use at the November 1st triennial compliance deadline, but the spread between CCO-0s and CCAs increased further to a 38% discount to allowances, another new record high discount %.

ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.