Pareto Achieves Carbon Neutral Status Via Offsetting

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06 June 2023

Pareto FM has confirmed that it achieved carbon-neutral status across its business in 2022.

The company has reduced and fully offset all scope 1 and 2 greenhouse gas emissions by planting over 500 trees, removing more than 50kg of plastic from the ocean, funding wild gardens in schools and supporting organic honey production.

The full carbon offset was achieved predominantly via support of The Topaiyo Redd+ Project in Papua New Guinea. This project aims to protect the rainforest and its wealth of biodiversity, alongside providing benefits to the local community. By providing income sources through carbon finance, the project helps to prevent deforestation. Instead of deforesting land for timber production, local communities can earn income from conservation and sustainable management initiatives.

Daniel Wright, Chair of Pareto’s Environmental & Sustainability Committee said: “We feel the need to drive the revolution in reducing carbon emissions from FM service providers. Too many of our competitors are committing to dates 15/20 years into the future and we feel more needs to be done now. We cannot wait for action. The problem is here today. We recognise the critical importance of addressing climate change and are committed to doing our part to reduce our impact on the environment.

"Achieving carbon neutrality is a significant milestone for us and we are proud to be leading the way in sustainability. We will continue to strive to minimise our environmental impact and look for new ways to reduce our carbon footprint”.

What is the Difference Between Net-Zero and Carbon Neutral?

Often used interchangeably, net-zero and carbon neutral are not the same thing. Becoming carbon neutral is a balancing act where organisations find ways to reduce emissions whilst counteracting these by removing an equal amount of CO2 from the atmosphere, called offsetting. Net-zero status means reducing carbon emissions to the lowest amount with offsetting as a last resort.

As well as removing CO2 from the environment, offsetting usually provides some form of social and community benefit or enhances biodiversity.

Picture: a photograph of some of the members of Pareto's senior team. Image Credit: Pareto FM

Article written by Ella Tansley | Published 06 June 2023

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