Today’s wealth management environment, like protection of our natural environment, demands transparency, accountability, responsible citizenship and the highest ethical standards.
Adhering to these principles, Carbonfree® Business Partner RLP Wealth Advisors, LLC, a New York-based independent employee-owned sustainable wealth management firm, chose to work with Carbonfund.org to continue its commitment to operate as a carbon neutral organization, part of the firm’s sustainability goals.
The firm is committed to running a sustainable business practice that limits impact on the planet by using electronic storage and delivery of documents, effectively reducing paper consumption, helping to save trees, and further reducing emissions associated with shipping of documents.
In order to do more, and with the help of Carbonfund.org, RLP Wealth Advisors offsets annual carbon emissions from office energy use, business travel, and daily employee commuting. The firm’s investment in carbon offsets helps to fund projects that include renewable energy, energy efficiency, reforestation and forest preservation.
“RLP Wealth Advisors is committed to environmental stewardship and we believe Carbonfund.org is an effective tool for businesses to help address climate change and promote sustainability,” states Bud Sturmak, CFP®, AIF®, Partner at RLP Wealth Advisors, LLC.
In addition to RLP’s mission to be a sustainable company, RLP’s business is focused on providing sustainable investing solutions to non-profit organizations, corporations, foundations, and families. RLP acts as the lead investment steward working closely with the investment committees of large organizations, combining their expertise in sustainable investing and fiduciary responsibility to assist their clients in aligning investments with their broader mission, values and goals.
The firm extends its commitment to environmental stewardship through affiliation with 1% For the Planet and The Conservation Alliance, and their website is 100% solar powered. As thought leaders in sustainable investing and Environmental, Social and Corporate Governance (ESG) analysis, RLP Wealth Advisors co-authored the groundbreaking study, “Carbon Footprints, Performance and Risk of U.S. Equity Mutual Funds,” and were a contributing author to the recently released book, “Evolutions in Sustainable Investing.”
As a sustainable company, RLP Wealth Advisors has a unique appreciation, understanding, and natural interest in assisting their clients in aligning investments with mission, values and goals. Carbonfund.org is pleased to help RLP Wealth Advisors do the same for its firm-wide sustainability initiatives. You can learn more about RLP Wealth Advisors, LLC by visiting their website at http://www.rlpwealth.com.
For over 28 years, Hornblower Cruises & Events has been the premier yacht charter and public dining cruise company in Southern California. With the largest fleet of luxury entertainment yachts in Los Angeles and Orange County, Hornblower prides itself on exceeding expectations with uncompromising quality and exceptional service.
Hornblower joined the Carbonfree® Business Partnership program in 2008 by calculating and offsetting the emissions from their office and charter boat operations at their Newport Beach facilities, which serves the greater Los Angeles region. Through the Carbonfree® Business Partnership, Hornblower supports carbon emission reductions achieved through energy efficiency, renewable energy and forestry projects around the world. In addition, Hornblower has taken the unique step of offering a path for their own customers to join their efforts to “Respect Our Planet”, by giving them an opportunity to offset their own carbon footprint related to cruising with Hornblower, as part of the ticket price.
“Hornblower Cruises & Events is dedicated to find ways to provide our guests with a unique dining experience while doing our part to reduce our carbon footprint. Our partnership with Carbonfund.org makes this possible.” Explains Rebecca Milkey, Director of Marketing for Hornblower Cruises & Events Southern California.
Maintaining their Carbonfree® Partnership program is part of Hornblower’s corporate environmental outreach program, Respect Our Planet, which guides the company’s principles and programs. Through Respect Our Planet, Hornblower is committed to conducting operations in the most environmentally friendly methods possible, educating along with motivating tour guests to make positive changes in their lives and creating outreach and education around the preservation of the habitats in the communities they serve.
Are your graduation robes made of recycled plastic bottles? Did you find your dress shoes at the secondhand shop? Take the next step in greening your graduation with National Wildlife Federation’s Campus Ecology Program and Carbonfund.org!
Achieve a carbon-neutral graduation ceremony by investing in verified and validated carbon offsets that support renewable energy, energy efficiency and reforestation projects, at a special rate for Campus Ecology program campus partners. Honor each graduate with the gift of carbon offsets to send them out into the world a little bit greener.
The NWF Campus Ecology Program provides tools and resources to help students, staff, campus greening committees and sustainability officers “take a big step to make a smaller footprint” when it comes to campus greenhouse gas emissions and reducing the campus’s overall environmental footprint.
In addition to graduation greening programs, NWF Campus Ecology and Carbonfund.org can assist colleges and universities with various sustainability initiatives, including plans to reduce or neutralize emissions from facility energy consumption, grounds maintenance and operations, travel and events year-round.
Last month there was a question as to whether or not Ford lobbied Congress on the Keystone XL Pipeline. However, publically the automakers’ sustainability marketing promises to help achieve "climate stabilization". In the US, companies have to disclose the subject of their lobbying, but do not have to disclose the position for which they are lobbying. This incomplete reporting raises consumer and investor concerns. Smart businesses are beginning to embrace transparency on climate change policies.
Take Ikea Group, for example. The company recently released this infographic to transparently share their position on climate change. In it, IKEA explained why climate change is relevant to its business interests. And they not only made it clear where they stand on the issue and which policy actions they support, they also communicated the message directly to European policymakers. IKEA is lobbying for ambitious, legally-binding 2030 targets for carbon dioxide emissions, renewable power and energy efficiency.
Not all companies take a black or white stance on global warming. Some are merely silent on the issue. There are a multitude of reasons including fear of publically taking a position on a political topic that might push away customers. Some businesses are grappling internally with climate change’s risks and opportunities, putting out consistent messaging, and trying to find the capacity to publically engage on the issue. Whatever the reason, it is certainly delaying much needed political breakthroughs on climate change.
Although businesses fall different places on the continuum of how to publically address climate change, there are resources available to help them engage responsibly with the issue. Take this guide that is a baseline for action and transparent reporting from the World Resources Institute, which was informed by the United Nations and business leaders, policymakers, and investors.
With the release of the latest Intergovernmental Panel on Climate Change (IPCC) report, companies can expect more scrutiny from customers, shareholders and stakeholders regarding their position on global warming. Businesses can make a positive impact on the issue and the time to start acting is now.
One cup of premium loose leaf tea inspired Beth Johnston to get into the tea business, and environmental responsibility drives the company’s commitment to organic teas, sustainability practices and Carbonfree® business operations.
“Conserving our planet’s precious resources has always been a personal concern for me. With our continued expansion, both importing and shipping customer orders, I felt a further responsibility to take it on corporately,” says Beth Johnston, Founder and CEO. “We had been looking for an effective way to offset the impact Teas Etc. has on the environment but also wanted to give our customers the choice to offset theirs. We did our homework, looked at a couple of different options and decided that Carbonfund.org was the right partner to help us meet our goals.”
For the seventh consecutive year, Teas Etc. is offsetting its own carbon footprint with Carbonfund.org by supporting renewable energy, energy efficiency and reforestation projects. In an effort to generate greater awareness about sources of carbon emissions, Teas Etc. offers customers the option of offsetting the carbon footprint created by shipping their orders. To date, Teas Etc. and its customers have neutralized the same quantity of emissions as would be sequestered by almost 11,000 tree seedlings grown for ten years.
Teas Etc is has provided premium quality award winning teas and modern accessories to wholesale and retail customers for over 15 years. The company is USDA certified to package and to distribute organic products, and has a complete line of organic teas. In addition to their tea line, the company manufactures the innovative, award winning Tea Traveler® that allows tea drinkers to enjoy loose leaf teas on-the-go. The company opened in 1998 with its headquarters in Palm Beach, FL has an office in Nanjing, China and a permanent show room at AmericasMart in Atlanta, GA.
In addition toCarbonfree® operations,Teas Etc. supports a local recycling program, utilizes recycled paper goods, biodegradable packing materials and chemical-free cleaning products. Their ongoing commitment to environmental sustainability, high quality products and excellent customer services confirms Teas Etc. as a leader in responsible online premium loose leaf tea retailing and wholesaling.
When Carbonfund.org Foundation was created ten years ago with the motto “reduce what you can, offset what you can’t™”, we knew we were positioning ourselves as the last-in-line solution in sustainability plans. The climate change education component to our mission is a very important one, and a significant portion of our website is dedicated to providing ways that businesses and individuals can reduce their carbon footprint before considering carbon offsetting strategies.
This approach has attracted businesses that take seriously their responsibility to seek out recycling, reuse, energy efficiency and emissions reduction opportunities. Fireclay Tile, a California-based sustainable tile manufacturer, is a great example.
“We are scavengers at heart and scrappy when it comes to saving resources; therefore we are committed to finding new and innovative ways to reuse cast off materials, and to incorporate sustainability into all levels of our manufacturing process, explains Eric Edelson, CEO of Fireclay Tile. “We chose to partner with Carbonfund.org simply because tile is heavy, and we wanted to offset the carbon footprint created by shipping our tile all over the world.”
Fireclay Tile’s Carbonfree® Business and Shipping program is a final step in the company’s commitment to environmental sustainability. Fireclay uses Carbonfund.org’s online business calculator to compute annual carbon emissions from office energy usage, business travel, and product shipping and delivery. The resulting offset donation supports forestry initiatives around the world that sequester carbon dioxide in formal third-party validated, verified and audited projects.
Fireclay’s unique process includes made-to-order tile using recycled materials and sustainable manufacturing practices in their California operations. Their recycled clay body boasts of over 70% recycled materials, which include post-consumer glass, granite dust, and porcelain from toilets collected to back water conservation efforts in the Bay Area. Fireclay’s glass tiles line is composed of 100% recycled glass from local window and solar panel production industries.
Fireclay maintains onsite recycling practices that include water reclamation at cutting and mixing stations, along with rainwater capture at their Aromas, CA factory. Glaze overspray is captured at each glazing station and is included with all scrap material and anything considered defective, then crushed into an aggregate for making the recycled clay. All orders are packaged for shipment using 100% recycled boxes, reused shipping crates, and sawdust from a local furniture manufacturer used to cushion shipments.
A fine example of “reduce what you can, offset what you can’t™”, Fireclay Tile is walking the walk, and Carbonfund.org is proud to assist in that last step.
Among the benefits of our Carbonfree® Business Partnership for small companies are program affordability, applicability to businesses in all industries, and ease of utilizing the program benefits. The program simplifies the process of neutralizing operational emissions and creates the opportunity for any business to become carbon neutral.
A great example of a small business that recognized these benefits is Brynmorgen Press, a small publisher located in Brunswick, Maine that specializes in books and videos about jewelrymaking, metalsmithing, and design. Tim McCreight started Brynmorgen Press in 1985 to provide practical, high quality textbooks on metalworking and design.
“We are committed to creating books, but recognize the need to replenish the trees required for our products,” explains Tim. “By supporting reforestation, renewable energy, and energy efficiency projects through Carbonfund.org, we have become Carbonfree®.”
To augment its environmental commitments, Brynmorgen Press recycles office waste and prints on recycled paper with soy inks. To conserve energy, Tim and his team wear jackets in the office on cold days and go barefoot in the summer!
Tim McCreight started Brynmorgen Press after he'd published two books with commercial publishers. He thought he might enjoy getting involved in the design and production aspects of publishing, and apparently he was right. Three decades later, he's still writing, designing, and illustrating books, and he’s able to maintain a Carbonfree® operation easily and affordably through Carbonfund.org.
ANN ARBOR, Mich., USA and TROIS-RIVIERES, QUE.,CANADA – Kofcan Inc.’s biomass fuel pellets, which are made from spent coffee grounds, have earned CarbonFree® certification from Carbonfund.org Foundation and NSF Sustainability, a division of global public health organization NSF International. CarbonFree® product certification for its 15 kg, 25 kg and 1.5 kg bags of coffee pellets is a credible, transparent way for Kofcan to provide a carbon-neutral fuel source to home owners and environmentally-conscious companies.
Kofcan’s biomass fuel pellets were designed to recycle waste into energy and provide a more efficient and lower environmental impact alternative to wood pellets. Instead of contributing to landfills, the spent coffee from which the pellets are made is collected from restaurants and institutions in a 200 km radius of the micro pellets plant in the provinces of Quebec and Ontario. The resulting pellets have a higher energy output, generating 27.5 percent more BTUs (British Thermal Units) than wood pellets.
In addition to maintaining a low carbon footprint by sourcing spent coffee from local businesses, Kofcan also assessed the environmental impacts of its coffee pellets by undergoing a detailed life cycle assessment to measure its carbon emissions in North America. Kofcan then offset its carbon emissions through investment in third-party validated renewable energy, energy efficiency and forestry carbon offset projects provided by Carbonfund.org, a leading nonprofit and developer of the CarbonFree® Product Certification program, the first carbon neutral product label in North America.
“Kofcan and its founders Michel Cordeau and Sylvain Laroche have developed a truly waste-free and efficient energy source. With the addition of CarbonFree® certification through NSF Sustainability, Kofcan is able to demonstrate the carbon neutrality of its coffee pellets and communicate to home owners as well as industrial companies its commitment to environmental stewardship,” said Tom Bruursema, General Manager of NSF International’s Sustainability Division.
“Kofcan is proud to have the first energy pellet to be certified CarbonFree® as well as the first energy pellet that creates viable energy from a waste product instead of the harvesting and processing of trees,” said Michel Cordeau, CEO and founder of Kofcan, Inc.
“Joining the ranks of CarbonFree® Business Partners and taking action to neutralize annual carbon emissions through supporting carbon reduction projects marks Kofcan as a leader in the global warming solution,” says Eric Carlson, President of Carbonfund.org.
How the CarbonFree® Product Certification Program Works
The CarbonFree® Product Certification program uses life cycle assessments (LCAs) to determine the greenhouse gas (GHG) emissions over a product’s entire life cycle. GHG emissions (expressed as carbon dioxide equivalents) that cannot be reduced or eliminated from the product’s life cycle are offset or neutralized with third-party validated renewable energy, energy efficiency and forestry carbon offset projects.
A carbon offset is a verifiable reduction in carbon emissions somewhere in the world other than where the emission is generated. These external reductions offer clean energy transformation (e.g. wind, solar), sequestration (e.g. forestry) and clean technology (e.g. energy efficiency). The projects also offer a range of benefits including conservation, clean water, job creation and innovation. Credits are generated when a project is verified and registered – allowing companies to purchase these credits and offset the emissions produced in the manufacturing and use of their products. These credits are then permanently retired on behalf of the product/company.
CarbonFree® certified products earn the use of the CarbonFree® mark along with being listed in the Carbonfund.org online product certification database. The CarbonFree® mark can be found on a variety of products today, including food, beverage, electronics and apparel.
About Kofcan: Kofcan is a young company playing in a big industry and plans to make a global impact by reinventing the meaning of "renewable energy" and the way it is used in the pellet industry. Producing low carbon products such as pellets from used coffee and other recycled raw materials is its primary focus. Kofcan is creating energy through sustainable projects, protecting the planet, and helping people become socially responsible through renewable sources.
About Carbonfund.org Foundation: Carbonfund.org is a leading nonprofit climate solutions organization, making it easy and affordable for individuals, businesses and organizations to reduce their climate impact and hasten our transition to a low-carbon economy. Carbonfund.org supports innovative renewable energy, energy efficiency and forestry projects globally that reduce carbon emissions and help people. Carbonfund.org has worked with over 2,000 corporate and nonprofit partners. More at www.carbonfund.org.
About NSF International: NSF International is a global independent organization that writes standards, and tests and certifies products for the construction, food, water and consumer goods industries to minimize adverse health effects and protect the environment (nsf.org). Founded in 1944, NSF is committed to protecting human health and safety worldwide. NSF International has been collaborating with the World Health Organization since 1997 in water quality and safety, food safety and indoor environments.
NSF Sustainability draws upon this expertise in standards development, product assurance and certification, advisory services and quality management systems to help companies green their products, operations, systems and supply chains. Product assessments include testing and certification for more sustainable consumer and commercial products. Through its National Center for Sustainability Standards, NSF also develops sustainability standards for products such as carpet, flooring and other commercial building materials.
Additional NSF services include safety audits for the food and water industries, nutritional/dietary supplement certification, organic certification provided by QAI (Quality Assurance International) and management systems certifications delivered through NSF International Strategic Registrations (NSF-ISR). NSF-ISR services include ISO 14001 environmental management systems, Sustainable Forestry Initiative (SFI) and chain of custody (COC) certifications.
What does consistent environmental leadership look like? Over the past six years, CarbonFree® Business Partner Community Capital Management has neutralized over 850,000 pounds of carbon dioxide emissions – equivalent to the emissions created by burning almost 43,500 gallons of gasoline.
Community Capital Management is a registered investment adviser whose mission is to deliver strong investment performance for its clients in strategies aligned with their organizational purpose. The firm primarily manages fixed income impact investing portfolios that finance a variety of community initiatives such as affordable homeownership and rental housing, environmental sustainability, job creation and training programs, affordable healthcare facilities, childcare programs, and neighborhood revitalization activities. As a leader in the impact investing space, Community Capital Management maintains its commitment to operating an environmentally-conscious business practice.
"Community Capital is excited to partner with Carbonfund.org in committing to offset our carbon footprint. We hope that we will help lead the way and encourage others in the investment management industry to do the same," said Jamie Horwitz, Director of Marketing at Community Capital.
The firm is proud to lead by example, offsetting its carbon emissions by supporting the development of renewable energy, forestry projects and increased energy efficiency through its partnership with Carbonfund.org.
In addition, Community Capital Management’s CarbonFree® commitment includes encouraging office recycling programs, minimizing the use of plastic water bottles by offering a water filtration system in their office, using energy-efficient lighting, conducting more marketing online rather than using printed media, living within close proximity to their office to reduce vehicle pollution, and continually seeking other ways to grow their business in a sustainable, eco-friendly manner. This consistent leadership in operational sustainability sets Community Capital Management in the forefront of its industry as an environmentally responsible fixed income investment management firm.
Could the United States reduce greenhouse gas (GHG) emissions 80% from 2005 levels by 2050? A new report released this week says yes by assessing the potential for reducing petroleum consumption. The National Research Council report, “Transitions to Alternative Vehicles and Fuels” found that by the year 2050, the U.S. may be able to reduce petroleum consumption and greenhouse gas emissions by 80% for light-duty vehicles (cars and small trucks) through a combination of more efficient vehicles, the use of alternative fuels such as biofuels, electricity and hydrogen and strong government policies.
The most logical starting point, offering an economical and easy-to-implement approach, is improving the efficiency of conventional vehicles. However, improved efficiency alone will not meet the 2050 goals because the average fuel economy of vehicles on the road would have to exceed 180 mpg; a scenario the report says is extremely unlikely given current technologies. This is not to say that improved efficiency doesn’t play a role. “To reach the 2050 goals for reducing petroleum use and greenhouse gases, vehicles must become dramatically more efficient, regardless of how they are powered," said Douglas M. Chapin, principal of MPR Associates, and chair of the committee that wrote the report. Fuel efficiency measures center around decreasing the work the engine must perform, including: reducing vehicle weight, aerodynamic resistance, rolling resistance, and accessories as well as improving the efficiency of the internal combustion engine powertrain.
The report examined current capabilities and estimated future performance and costs by vehicle type, including: hybrid electric vehicles (e.g. Toyota Prius), plug-in hybrid electric vehicles (e.g. Chevrolet Volt), battery electric vehicles (e.g. Nissan Leaf), hydrogen fuel cell electric vehicles (e.g. Mercedes F-Cell, slated for 2014 introduction) and compressed natural gas vehicles (e.g. Honda Civic Natural Gas). Non-petroleum-based fuel options, also called alternative fuels, which could significantly contribute to the GHG reduction goal, were also analyzed, including: three biofuels (corn-grain ethanol, biodiesel and lignocellulosic biomass), electricity, hydrogen and natural gas. Although natural gas was considered, its greenhouse gas emissions are too high for the 2050 goal.
There are pros and cons to each of the scenarios that combine various alternative fuels and vehicles. For example, the study committee analyzed corn-grain ethanol and biodiesel biofuels, but found much greater potential in lignocellulosic biomass, which includes crop residues like wheat straw, switchgrass, whole trees, and wood waste. The beauty of this alternative fuel is that it can be used without major changes in fuel delivery infrastructure or vehicles.
Electric powered vehicles do not emit greenhouse gases, but the process of generating electricity often does so the report stresses the importance of successful carbon capture and storage. The additional load on the electric power grid is also a factor that must be considered. Furthermore, the batteries essential to these vehicles may limit the use of all-electric vehicles to local driving because of their close range and long recharge times. Serious technical challenges await advanced battery technologies under development.
Next the report considered using hydrogen as a fuel cell in electric vehicles. The pro is that the only vehicle emission is water; the con is that greenhouse gases are emitted during hydrogen production. There are low-greenhouse gas methods of making hydrogen, but they are currently expensive and require further development to become competitive. Another pro is that fuel cell vehicles do not have the same limitations as battery vehicles, but the con is the cost and difficulty entailed in revamping the current fuel infrastructure to fuel cells.
"Alternative fuels to petroleum must be readily available, cost-effective and produced with low emissions of greenhouse gases. Such a transition will be costly and require several decades. The committee's model calculations, while exploratory and highly uncertain, indicate that the benefits of making the transition, i.e. energy cost savings, improved vehicle technologies, and reductions in petroleum use and greenhouse gas emissions, exceed the additional costs of the transition over and above what the market is willing to do voluntarily," said Chapin. So to address the barriers to implementation of these technologies, the report suggested adaptive policies such as investment in research and development (R&D), subsidies, energy taxes or regulations to achieve the desired reductions.
The report cannot tell the future, but the best approach is to promote a portfolio of vehicle and fuel R&D. Both industry and government must support efforts to solve critical challenges. Meanwhile, evaluation should be ongoing to see which technologies emerge as the most promising and cost-effective.