Compensating for carbon emissions
In addition to the integration of ESG criteria in all investment processes, Raiffeisen Capital Management is working on operational ecology measures at a company level in order to decrease its own environmental footprint.
In line with the saying “Only what gets measured gets done”, Raiffeisen Capital Management has been determining its own carbon footprint in a joint project with the Vienna University of Natural Resources and Life Sciences since 2019, and it offsets this by means of compensatory payments.
Operational ecology measures
These are measures that contribute towards improving the carbon footprint by means of “avoiding – reducing – compensating”. For a financial services provider, these comprise the following areas: business travel, energy consumption by offices and IT equipment, waste management, water usage, etc.
Compensatory payments benefit climate protection project in Colombia
The values calculated together with the Raiffeisen Bank International Group and published in the annual sustainability report are supplemented with the company-specific carbon packages from IT and employee commuting to Raiffeisen Capital Management (scope 3) to determine the annual footprint. This is offset via a collaboration with the Vienna University of Natural Resources and Life Sciences (BOKU). The compensatory payment benefits the climate protection project Las Mercedes – Reserva Natural de las Aguas in Colombia.
Raiffeisen KAG is one of the companies that offsets its carbon emissions using the BOKU system. The BOKU projects are presented transparently on its own website.