Private markets asset management firm Hamilton Lane announced today plans to offset its carbon emissions associated with business activities through participation in emissions reduction projects in partnership with sustainable development expert ClimateCare.
Founded in 1997, ClimateCare helps leading corporates, NGOs and governments take responsibility for their climate impact by financing, developing and managing carbon reduction projects across the world.
Through the collaboration, Hamilton Lane will participate in initiatives including a wind power project in India and two clean cooking projects in Bangladesh and Ghana. In addition to addressing climate impact, benefits will also include significantly reducing fuel bills for families, reductions in exposure to toxic fumes, reduced deforestation and protection of habitat by cutting fuel requirements.
Paul Yett, Director of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. and Sustainability at Hamilton Lane, said:
“This is an important step for us as a firm, and we are happy to be working with the team at ClimateCare, who have two decades of experience running some of the most innovative and largest voluntary carbon offsetting programs in the world. The partnership with ClimateCare allows us to take responsibility for our carbon footprint and is an important step in tackling climate change and improving people’s lives.”
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