Capricorn Financial Consultancy has achieved carbon neutral status following a partnership with Evertreen, an international tree-planting platform, to plant a tree in Kenya for every mortgage completed.
The initiative, which aims to plant over 7,000 trees a year, has already added 834 trees to the Gazi Mangrove Forest in Kenya and counting.
This has absorbed 125,100kg of carbon dioxide from the atmosphere to date. Mangroves are small trees which have adapted to the low-oxygen conditions of waterlogged mud.
They are therefore highly effective at carbon storage and useful in the battle against climate change.
The project also aims to benefit local coastal communities that are dependent on natural resources for income and acutely affected by the changing climate.
Capricorn and Evertreen have published a video highlighting the before-and-after effects of the scheme and the project’s goals. As part of its aim to support income generation along Kenya’s coastline, the tree-planting project has generated 104 working hours for local farmers so far.
As a result of the partnership, Capricorn is a carbon neutral business, meaning that it offsets the carbon dioxide that it emits through sustainable practices, such as tree planting.
Keep track of the progress of Capricorn’s contributions to the Gazi Mangrove Forest in real time here.
Conor Murphy, CEO and Founder, Capricorn Financial Consultancy, said: “With the UK having baked under 40-degree heatwaves in recent weeks, there is a renewed urgency to meet climate goals.
“Businesses have a crucial part to play in achieving these goals, not only in setting standards for their employees, but also in shaping norms within their sector.
“With offices in London, Hong Kong, and Singapore, and the language skills to service 90% of the world population, Capricorn truly has a global focus, so it’s only right that we work towards a greener, more sustainable future for all, and we invite our clients to make additional contributions towards our goal.”
