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Monday, 20 November 2023 11:04

Water retailer Business Stream partners with Ecologi carbon neutral

Business Stream has announced a new partnership with Ecologi to offset the company's carbon emissions on an annual basis to achieve carbon neutrality as it works towards its goal to be net zero by 2030.

BUSINESS STREAM LOGO

The partnership will support certified carbon offsetting projects that align with the company's sustainability goals and contribute to two carefully selected projects through climate action specialist Ecologi:

  • A nature-based project to protect the Mataven Forest in Colombia which covers 1.86 million hectares and is home to more than 40,000 plant species
  • A society-based project contributing to the provision of more than 380,000 cookstoves in Kenya, which will help avoid 4.3 million tonnes of CO2 emissions and support the creation of over 1,000 jobs for the local community.

 

The verified projects have been certified by the Verified Carbon Standard (VCS).

Jo Dow, Chief Executive of Business Stream said:

“The climate crisis is one of the biggest challenges facing us all and it’s really important to us that as a responsible business we take a pro-active approach to limiting our environmental impact.

“Our focus is on reducing our emissions and we’ve already made significant strides in doing so. We do however recognise that we can’t become net zero overnight so we wanted to identify other ways we can support our environmental ambitions as we work towards our 2030 goal. We’re excited to have partnered with Ecologi and are looking forward to tracking the impact of these projects.”

In recognition of its sustainability efforts, the retailer was awarded a Gold rating by global sustainability assessors, EcoVadis, in November 2022, placing it within the top 5% of companies measured across four key sustainability areas – the environment, labour and working conditions, sustainable procurement and ethics.

Business Stream recently cut its carbon emissions by 50% in one year after rolling out a series of carefully planned measures to deliver environmental savings. The result, measured from April 2022 to April 2023, and externally verified, exceeded the retailer’s promise to cut emissions by 20% during the 12-month period.

In 2019 the company, which is a wholly-owned subsidiary of Scottish Water, launched its vision to make a positive difference to its customers, its people, the environment and local communities. Since then, Business Stream has introduced over 30 new initiatives to help bring its vision to life.

Ecologi is a certified B Corporation which was founded in 2019 and the UK’s leading all in one climate platform. To date, Ecologi’s community of over 20,000 businesses have collectively prevented 2.8 million tonnes of CO2 e emissions from entering our atmosphere through supporting verified carbon avoidance projects, as well as funding the responsible planting of over 70 million trees globally.

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