Nearly 100,000 tonnes of carbon dioxide offset, 2 projects supporting sustainable infrastructure in Madagascar and India - a country, the latter, where the issues of emissions and green transition are particularly sensitive - and a project contributing to reduce Chinese emissions by supporting the construction of a hydroelectric power plant in Sichuan. In addition to the above, CAP Group has joined the Science Based Target Initiative (SBTi) which aims to provide international guidance to encourage action against climate change.
CAP Group continues its journey towards environmental sustainability and confirms its ISO 14064 certification, extended this year to Scope3. The company is carbon neutral for the third consecutive year, thanks to the purchase of carbon credits aimed at developing ambitious infrastructure projects aimed at decarbonisation. By joining the SBTi, CAP has committed to a greenhouse gas reduction strategy over a 10-year time horizon and has made its reduction targets public and transparent.
Indeed, CAP has offset 93,479 tons of CO2eq, i.e., 100% of the emissions it produced, by purchasing of carbon credits that it uses to support two projects already started in 2021, in India and Madagascar respectively, and a new project to build a hydroelectric power plant in the Sichuan region of China. These are important initiatives that actively contribute to the Sustainable Developments Goals set by the United Nations in two of the countries where the exponentially growing demand for energy is accompanied by a relative focus on sustainability.
Just as set out in its Sustainability Plan, CAP Group continues its journey towards reducing its carbon footprint with an effective and long-term climate change mitigation strategy, reducing its own emissions and offsetting all residual emissions through investing in projects that produce social, economic and environmental benefits on a global scale.
In the pursuit of these goals, CAP Group was supported by Carbonsink, a consultancy company specialising in identifying strategies and business models that respond effectively to the new challenges linked to climate change, and by AzzeroCO2, a sustainability and energy consulting company founded by Legambiente and Kyoto Club that offers customised solutions to public bodies, companies and private individuals to reduce their environmental impact on the territory.
Three projects were funded through the purchase of certified carbon credits to offset greenhouse gas (GHG) emissions according to internationally recognised standards: Metro Delhi, India, the world's first project for realising a train and underground mobility system registered under the Kyoto Protocol's Clean Development Mechanism; Water Is Life - Phase II, Madagascar, for realising a safe network of drinking water wells in Madagascar; Sichuan Hydropower Station, to produce hydroelectric power in China.