Financial services provider Apex Group announced today it has offset its entire lifetime of carbon emissions. According to the Group, the company is believed to be the first in the financial services industry to achieve this milestone.
Apex Group’s historic emissions will be offset by climate change consultancy Carbon Footprint Limited, a founding member of the Quality Assurance Standards for carbon offsetting. The emissions will be offset through domestic energy projects in Malawi and Nigeria, ecosystem conservation in Cambodia, and renewable energy systems in Brazil, Turkey, and China.
Peter Hughes, Founder, and CEO of Apex Group said:
“We are extremely proud to set the standard for the industry in being the first to offset our lifetime emissions – but we are not satisfied with leaving it at that and will continue to improve our Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. credentials across our operations and in the way we do business.”
Looking forward, Apex Group stated that it will continually review and assess measures to reduce and offset future emissions, including increased use of renewable sources of energy, removing single-use plastics from across its offices, limiting international travel where possible, and informing staff on best-in-class sustainability practices.
“We are committed to positive change and being a force for good in both the way we conduct business, and by setting an example. With our global platform we feel we have a responsibility to do the right thing and we therefore continually strive to be a responsible corporate citizen, focused on making a difference to our people, our planet and our society.”