4one4 Property Co starts its sustainability journey through carbon offsetting

4one4 Property Co are diving into their energy consumption and have chosen to use Wind Power, Conservation Coast and Terraclear Clean Water in attempt to reduce their carbon footprint.

The Announcement:

In partnership with Climagap, a sustainability company that specialises in environmental services, 4one4 Property Co has started its journey towards reducing its carbon footprint.

The concept works by removing an estimated 230 tonnes of carbon in the atmosphere through carbon offsetting – a process used to equivalently compensate for an entity’s carbon emission by funding a project which mitigates the emission of carbon dioxide.

“We also realised that within our business, we contribute to a lot of carbon emissions due to having so many cars on the road every day; this is why we felt it was important to start our journey towards carbon-neutral,” 4one4 property Co Director Patrick Berry said.

Upon the recommendation of Climagap, 4one4 Property Co has chosen three carbon offset projects to reduce around 230 tonnes of carbon, the same amount of carbon that the company emits as per Climagap’s calculations. These three projects include (1) 100.5 MW Wind Power, (2) REDD+ Conservation Coast, and (3) Terraclear Clean Water.

The 100.5 MW Wind Power project located in the central Indian state of Madhya Pradesh uses wind turbines that produce renewable energy.

Annually, it mitigates an estimated 175,714 tonnes of carbon dioxide. As a result of those who participated, it benefited over 1000 people in household electrification, provided computer infrastructure in one of the local schools, and co-funded around 21.6 kilometres of roads within the project vicinity.

Next, the REDD+ Project: Conservation Coast in Guatemala which produces 20,000 Megawatt-hour of clean energy and contributes to social and economic development in one of the poorest areas in the community.

It has also enabled around 178,600 tree planting projects and reduced 935,214 greenhouse gasses. Through this project, 200+ community and local entrepreneurs were supported and 15,832 people have also benefited from sexual health services.

Lastly, the Terraclear Clean Water project in Laos saves 15,000 tonnes of carbon annually. The leading cause of death for children under five in the area is drinking contaminated water and through the funding, 32,000 households already benefited from filter use.

Byron Munson, Chief Executive Officer of Climagap, stressed how their organisation is looking more on the broader and longer impacts of carbon offsetting in the local community such as employment and other tangible projects.

“Carbon emission can be extremely detrimental to the world. We need to make an effort to make longer sustainable business decisions in our day-to-day business,” he said.

According to Mr Berry, this partnership of 4one4 Property Co with Climagap is the first step of the journey to sustainability with hopes to start looking for ways in the office in reducing carbon emission through clean energy projects.

“We are committed to reviewing our carbon output every 12 months and we hope that over time, we can build awareness around this issue, and in return, help bring other small companies on board as well because a small first step is better than no step at all,” he said.

Source: 4one4 Property Co.

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