A leading specialty insurance and reinsurance company, Aspen has partnered up with with Furthr to deliver end-to-end and high-integrity emissions measurement, along with a selection of 3 transparent, additional & community-focussed carbon compensation solutions.
Footprint Take a look below to see Aspen's GHG inventory.
Certified This relates to monitored and certified contributions to the UN's Sustainable Development Goals that are in place across each of Aspen's supported projects this year
2022 Emissions Inventory
CO2e from Travel, Accommodation & Waste
CO2e from Workforce-related Activities
Separate office facilities captured
2022 Carbon Compensation
See below an introduction to Aspen's 2022 carbon offsetting solutions
BigCoast Forest Climate Initiative
This Improved Forest Management project directly defers the commercial harvesting of 40,000 hectares of private land in Coastal British Columbia for 25 years - and potentially longer. By converting this privately-owned working forest into protected land, carbon storage is increased and future GHG emissions from logging operations across an area featuring some of British Columbia's oldest trees and important ecosystems is avoided. One of the most prominent forest protection projects of our current decade, reduction of greenhouse gas emissions are estimated to be at more than 20 million tonnes of carbon dioxide over the life of the initiative.
Fazenda Nascente Reforestation
Located in the Campo Grande Municipality of West-Central Brazil, our Fazenda Nascente Agroforestry project focusses on nature-based carbon sequestration through planting over 478,000 new and protected trees on degraded, privately-owned farmland. Over its 30 year period, circa 286 hectares are being restored with a mixture of sustainably-managed eucalyptus, along with other native species. With a conservation focus, Fazenda is also recovering the remnant natural savannah, which serves as a wildlife corridor for over 8 local endangered and protected species. To date, the project has removed more than 250,000 tonnes of CO2 - monitored by our project teams on the ground over the 30-year project period.
Spread across multiple remote Mozambiquan villages, this innovative project rehabilitates, installs and maintains disused community water pumps to ensure communities have safe water access, as well as building local capacity to ensure that the water points are managed into the future. This creates a true win-win: delivering safe water access for each individual community, whilst also reducing household emissions from purifying water over open fires.
As with each of Furthr's partners, Aspen's carbon offsets do exactly what they say on the tin. Read below to see the criteria core to any quality carbon offset - and how exactly Aspen's projects deliver on these
How can we be sure that the emissions reduction wouldn't have happened without the offset funding?
How can we be sure that the emissions aren't simply 'displaced' elsewhere?
How can we be sure that the emissions reduction is long-term?
The credit funding provides Mosaic, the BC-based forestry organisation who is commercially operating the BigCoast forests, with the financial incentive to directly defer harvesting on this land. The harvesting was planned by Mosaic as part of a 2-decade-long business plan. Therefore, additionality here is clear-cut.
Mosaic are unable to conduct any forestry activities as a result of the accreditation and crediting period, along with local regulation. Likewise, there are very strict logging regulations in BC more generally, with 90% of forests owned by the crown. By definition, leakage must be 0.
During the 40 year crediting period for this project, no return to logging activities will be permitted in the project area by Mosaic as part of the crediting agreements - again with legal protections.
The degraded land for the project site was subject to burning activities that took place with 2 main objectives: to expand cattle ranching pastures and to stimulate regrowth of the most nutritious shoots for cattle. However, there has been no grazing on this land by cattle for 3 years prior to the project, rendering the land degraded and no longer attractive for the land owner to use for cattle ranching purposes. With this in mind, the additionality is clear-cut, as independently verified by both CCBS & Verra.
The Project activity does not cause, directly or indirectly, any drainage of wetlands or peatlands and does not include any displacement of agricultural activities present in the Project Zone before the beginning of the project. Thus, Leakage emissions are considered negligible but are monitored ongoing. insignificant and hence accounted as zero
During the 30 year crediting period for this project, no cuts will be made to the trees. If at the end of this period, if the carbon markets can still offer an incentive for maintaining the site and planting new trees, the landowner has already entered a pre-contractual agreement for the continuation of planting activity and work on this site. Legislation in the Sao Paolo area is also moving towards government protection of all forest land which would also encompass the Fazenda site.
This project works with experienced technicians and teams to rehabilitate and maintain water points that have been broken down for multiple years before the project. Outside of the carbon credit funding mechanism, there exists a lack of financial incentive and access for local or national enterprises to conduct repair & maintenance, and thus a causal link between credit funding and carbon reduction is cleanly identified.
Through using the water pumps to deliver a less carbon-intensive water purification process at household level, this change in behaviour has been verified by Gold Standard as not leading to emissions generating activity elsewhere. There is simply less reliance on wood fires during the cooking process and there are relatively negligible emissions involved in maintenance and repair of the existing infrastructure.
This type of carbon reduction by default satisfies permanence criteria: the carbon reduction is simply made when the change in beahviour takes place.