Cartica Management, LLC, is a concentrated, “active owner” in small and mid-cap companies in the emerging markets. Headquartered in Washington, D.C., the firm is majority women-owned and a registered investment advisor. Cartica has expanded its sustainability practices by calculating and offsetting its estimated annual operating emissions for 2019.
Companies that choose to work with Carbonfund.org to neutralize operating emissions typically select to support one or more third-party validated and verified voluntary carbon offset projects in the energy efficiency, forest conservation or renewable energy categories. Carbonfund.org uses these company donations to purchase and retire carbon offsets from the selected projects in the same quantity as the carbon emissions the company wishes to mitigate.
Cartica chose to support the Envira Amazonia Rainforest Conservation Project in Acre, Brazil, which is conserving 500,000 acres of critical Amazonian River rainforest and habitat, while creating jobs in forest conservation management and sustainable agricultural cultivation among the local community, building schools, health clinics and sanitation facilities, and conducting biodiversity monitoring of threatened and endangered species on the project’s land.
“At Cartica, we think it’s important to ‘walk the walk’ and to implement the same sustainable practices that we encourage our portfolio companies,” explains Kate Ahern, Managing Director, ESG and Sustainability. “Our partnership with Carbonfund.org helps us to evaluate our carbon footprint and to offset our emissions.”
Cartica promotes sustainability within its overall operations and works to shrink the firm’s own carbon footprint by reducing use of energy, water, and materials, which also leads to less waste production. For more information on Cartica’s approach, please see the Cartica Sustainability Policy.
Cartica was founded by a team of emerging markets and corporate governance experts that includes former executives of the International Finance Corporation (IFC), a member of the World Bank Group. The firm actively engages with management teams, boards, and shareholders to drive long-term, value enhancing improvements in corporate governance, environmental and social factors. The firm is majority women-owned and a registered investment adviser with the United States Securities and Exchange Commission (SEC).