Vitec finances projects for avoiding emissions
In 2023, we offset up to 1,500 tons of emissions. Our actual emissions were 1,260 tons. We have invested in four different projects that all contribute to avoiding emissions. One project is contributing to avoiding 1,200 tons of CO2 emissions in Ethiopia, verified by the Gold Standard, and three biochar projects are contributing to lasting carbon sequestration, equivalent to 300 tons of CO2, verified by the Puro Standard.
We must continue to actively reduce our emissions. But as a way to take responsibility, we’re choosing to offset, which I see as an important interim target and evidence that we’re moving forward.
Sara Nilsson, CFO, Vitec Software Group
The project in Ethiopia has contributed to helping people in rural parts of the Chencha, Mirab Abaya and Arba Minch regions to renovate old wells to provide clean, safe water again. The project is also introducing hand pumps that can be made locally, according to available designs. In this way, the project contributes to avoiding emissions as it means water from the wells does not need to be boiled, which is otherwise done using fossil fuels or unsustainably harvested wood fuels.
