Glossary

Heritage Sustainability Investments and ClimeCo Provide Capital to Restore the Earth Foundation

Heritage Sustainability Investments and ClimeCo Provide Capital to Restore the Earth Foundation

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CONTACT
Heritage Environmental Services

6510 Telecom Drive, Suite 400
Indianapolis, IN  46278
www.heritage-enviro.com

Heritage Sustainability Investments and ClimeCo Provide Capital to Restore the Earth Foundation

July 15, 2021 (Indianapolis, IN) Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC, (collectively, Heritage), and ClimeCo joined together to provide capital to Restore the Earth Foundation, Inc. (Restore the Earth) to provide for the native trees and planting for the reforestation of 4,000 acres of the Pointe-aux-Chenes Wildlife Management Area in Louisiana.  The freshwater marsh area will be planted with native Bald Cypress seedlings. In addition to the sequestration of CO2, the project will reduce flood and storm risk to local communities by creating a first line of defense in the form of healthy forest ecosystems and restore fragmented wildlife habitats. The project is anticipated to create 800,000 Climate Action Reserve Forward Mitigation Units (FMUs).

Restore the Earth

“The benefits of reforestation projects like this reach far beyond the immediately impacted areas,” said Chad Peterson, President of Heritage Sustainability Investments. “The work Restore the Earth is doing not only benefits the environment, but also the people and businesses in southern Louisiana. Collaborating with ClimeCo on this project will help us make a lasting difference in the community and drive future GHG reduction.”


Restore the Earth pioneered the development of the Climate Action Reserve’s Climate Forward Reforestation methodology. The program provides a mechanism to quantify, verify and register FMUs, which represent emissions that are forecasted to be mitigated in the future, using rigorous and peer–reviewed carbon reduction project methodologies. FMUs will be marketed to voluntary buyers by ClimeCo to help fund future reforestation efforts in the basin. The program is designed to encourage companies and organizations to invest in projects that mitigate future greenhouse gas (GHG) emissions.

“Restoration of degraded lands is one of the most critical project types society can undertake to meet the challenge of climate change,” says Derek Six, Chief Business Officer for ClimeCo.  “Reforestation provides a clear and enduring GHG mitigation impact, and generations to come will enjoy the wide array of ecological benefits these projects create. ClimeCo is excited to be working with Restore the Earth and to continue to support their ambitious goals in the Mississippi River Delta.”


Ballard Spahr, a national law firm with more than 600 attorneys in 15 offices nationwide, served as counsel to ClimeCo for the project. Attorneys supported the formation and management of a special purpose LLC for the effort, prepared the transaction and financing documents, and advised on matters involving the carbon offset protocols and requirements for generating the FMUs.

Media Contacts:

Heritage
www.heritage-enviro.com
Attention: Ali Alavi – EVP, Regulatory Affairs & General Counsel
(877) 436-8778

ClimeCo
climeco.com

Attention: Nancy Marshall – VP, Marketing
(484) 415-7603
nmarshall@climeco.com

Restore the Earth Foundation
https://restoretheearth.org/

Attention: Taylor Marshall – Director of Sustainable Programs
(607) 342-7362
tam@restoretheearth.org

About Heritage

Heritage Sustainability Investments, LLC, is a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC. We invest in companies where our deep knowledge and extensive resources in materials sciences and environmental sustainability can accelerate growth. We purchased a minority stake in ClimeCo in February 2021, combining Heritage’s leadership in holistic waste management and beneficial reuse with ClimeCo’s expertise in climate change policy, sustainability program development, and emission reduction project implementation to provide a unique, turnkey service offering to the market.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, and trader of environmental commodity market products. We specialize in regulated carbon, voluntary markets, plastic credits, sustainability, and project development and financing of GHG abatement and mitigation systems. For more information or to discuss how ClimeCo can drive your organization’s value, contact us at 484.415.0501, info@climeco.com, or through our website, climeco.com.

About Restore the Earth Foundation

Restore the Earth Foundation, Inc. is a 501(c)(3) not for profit with a mission of restoring the Earth’s essential forest and wetland ecosystems. Restore the Earth knows that it is possible to go beyond just protecting our environment—it is possible to restore it. And when you restore the environment at landscape scale, it creates incredible value for ecosystems, biodiversity, habitat, communities, business and the Earth.

 

Heritage Interactive Services and ClimeCo Partner with NCAA and Indiana Sports Corp to Make March Madness Carbon Neutral

Heritage Interactive Services and ClimeCo Partner with NCAA and Indiana Sports Corp to Make March Madness Carbon Neutral

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION

ClimeCo
climeco.com
Attention: Nancy Marshall
Corporate Marketing Director
(484) 415-7603
nmarshall@climeco.com

Heritage Interactive Services and ClimeCo Partner with NCAA and Indiana Sports Corp to Make March Madness Carbon Neutral

Heritage Interactive Services and ClimeCo will contribute offsets to help mitigate March Madness’ carbon footprint.

The estimated impact is comparable to taking 1,188 cars off the road for one year.

INDIANAPOLIS, March 17, 2021 – Heritage Interactive Services, a subsidiary of Heritage Environmental Services (collectively, Heritage), and ClimeCo announced that they are teaming up to contribute offsets to mitigate the NCAA Division I Men’s Basketball Championship carbon footprint.

The Heritage/ClimeCo team reviewed historic emissions factors across the seven various event venues, including electricity, gas, steam, and chilled water, to estimate the total carbon dioxide equivalent (CO2e) produced during each game and practice. Based on initial projections, required offsets are anticipated to be over 5,500 tonnes of CO2e, comparable to taking 1,188 cars off the road for one year.

Local university IUPUI’s Office of Sustainability will collect actual operations data from all tournament venues during practice and game days and conduct a greenhouse gas emission assessment. The data will be used to quantify the greenhouse gas footprint, and this will determine the amount of carbon offsets necessary for Heritage Interactive Services to purchase to balance the CO2e generated to achieve a carbon neutral March Madness.


“As an Indianapolis-based company known for sustainability partnership we are proud to contribute to the success of this historic March Madness tournament,” said Peter Lux, President of Heritage Interactive Services. “Alongside our partners at ClimeCo, we welcome opportunities to help our clients reduce the environmental impact of these types of events across North America.”


“As long-time NCAA Tournament fans, we are really excited to work with Heritage, the NCAA and the Indiana Sports Corporation to help ensure the 2021 NCAA tournament is run in an environmentally sustainable fashion,” said Bill Flederbach, President of ClimeCo. “The NCAA and the Indiana Sports Corporation have scored big with their leadership in combating climate change!”

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, and trader 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.

About Heritage Interactive Services

Heritage Interactive Services is a division of Heritage Environmental Services, a privately held, family-owned environmental services business with more than 1,600 employees across North and Central America. The company provides a full suite of tailored solutions from emergency response, waste disposal, and sustainability services to on-site support and technical solutions to thousands of customers in hundreds of industries and verticals. Heritage regularly achieves a high-level of cost savings and landfill avoidance through innovative total byproduct management solutions, including customized waste and recycling programs, even helping hundreds of sites achieve zero waste to landfill status.

Heritage
https://thgrp.com/
Attention: Ali Alavi
(877) 436-8778

Heritage Sustainability Investments, LLC Purchases Stake in ClimeCo

Heritage Sustainability Investments, LLC Purchases Stake in ClimeCo

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION

ClimeCo
climeco.com

Attention: Nancy Marshall
Corporate Marketing Director
(484) 415-7603
nmarshall@climeco.com

Heritage Sustainability Investments, LLC Purchases Stake in ClimeCo

February 16, 2021 (Boyertown, PA) – ClimeCo LLC (ClimeCo) is pleased to announce that Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group (collectively, Heritage), has purchased a minority stake in ClimeCo. This alliance allows ClimeCo to expand its staffing and project investments to assist companies focused on implementing solutions that meet their sustainability goals. With its comprehensive resources, ClimeCo is firmly positioned to handle market challenges, including rapid changes to climate policy, the formation of new carbon markets and exchanges around the world, and increasing pressure for organizations to improve ESG disclosure transparency.

“The synergies are endless,” said Bill Flederbach, President & CEO of ClimeCo. “It is clear that our two firms can create incremental value together.  I am proud to have Heritage as an investor in ClimeCo! This alliance allows us to enter 2021 with a great partner, a strong balance sheet, and fresh investment capital as we continue to lead in sustainability and the low carbon economy.”

ClimeCo’s relationship with Heritage began in 2015 as part of a California Compliance Offset project to destroy refrigerants and generate carbon offsets that qualify under the California Assembly Bill 32 cap-and-trade program.  Over the years, this working partnership between ClimeCo and Heritage has evolved into an alliance focused on new greenhouse gas opportunities (GHG) and sustainability markets. 

“We have been engaged with the ClimeCo team for years, and when an opportunity was presented to support further growth, we were excited to invest in Bill and his team,” said Chad Peterson, President of Heritage Sustainability Investments. “We believe this investment will not only help grow Climeco but also provide a unique opportunity to service Heritage customers who are focused on improving their overall carbon-related goals.”

Heritage’s investment in ClimeCo supports its commitment to be a leader in environmental sustainability, a core tenant to Heritage’s environmental service offering.  Heritage recognizes that combining its leadership in holistic waste management and beneficial reuse with ClimeCo’s expertise in climate change policy, sustainability program development, and emission reduction project implementation provides a unique, turnkey service offering to the market.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, and trader 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.

 

About The Heritage Group

Founded in 1930, The Heritage Group (THG) is a fourth-generation family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. With more than 5,000 employees and 30 operating companies worldwide, THG aims to create a safer, more enriching, and sustainable world by harnessing the power of family.

Heritage
https://thgrp.com/
Attention: Ali Alavi
(877) 436-8778