As concern grows about the effects of global climate change, many industries and businesses are searching for ways to offset their carbon footprints – on a voluntary basis, as well as to comply with the requirements that are being placed on them by national governments and the global community. The international market in carbon offsets and credits has mushroomed over recent years. One area of increasing growth and interest is investment in ecosystems – nature’s carbon sinks – as a means of sequestering carbon and offsetting emissions.
We have been providing economic and financial technical advice to the development of a pilot carbon standard and ecosystem restoration guidelines for the Danone Fund for Nature – a partnership of the Danone Group, the Ramsar Convention on Wetlands and the International Union for the Conservation of Nature (IUCN). This aims to preserve wetland ecosystems that are crucial to the carbon cycle, in various locations across the planet. Specifically, its objective is to provide a means for the Danone Group to offset the carbon emissions of some of its brands, primarily Evian bottled water, by preserving and restoring wetlands.