Two projects, one local and one international, have been chosen by Guernsey Sustainable Finance Week’s Carbon Offset Sponsor, Cazenove Capital, as its dedicated beneficiaries.
Through the sponsorship, Cazenove will make a monetary donation to offset the event’s scope 1, 2 and 3 carbon footprints, and to contribute to the local community.
The international offset will support the Panama Forestry Programme, a Gold Standard carbon offset programme planting biodiverse forests in Central America. The programme introduces sustainable timber production while reforesting degraded pastureland with a mix of native tree species and teak.
In Guernsey, Cazenove will donate to the Guernsey Community Foundation, a local charity that aims to improve the quality of life of those most in need in the Bailiwick.
Giles Neville, CEO of Cazenove Capital Channel Islands, said: “Cazenove Capital are delighted to support Guernsey’s Sustainable Finance Week as the Carbon Offset sponsor.
“As part of the Schroders Group, we are committed to running our global operations on a carbon neutral basis since 2020.
“That our sponsorship can help Guernsey Finance run this great event in a more sustainable manner is fantastic through equal donations to the Panama Forestry Programme and the Guernsey Community Foundation to make local ‘green grants’ in support of environmentally friendly projects and improving quality of life in the Bailiwick.”
Guernsey Finance Head of Strategy and Sustainable Finance Stephanie Glover said: “Sustainability is the golden thread that is woven through everything we do at Guernsey Finance. As part of our action plan to reduce carbon emissions, we are running our events in a more sustainable manner and it’s great to have Cazenove on board as the second organisation to assist us in offsetting our residual carbon emissions for the event.”
