Pala Investments Environmental Footprint Update
Since 2020 Pala has committed to reducing its emissions. Pala’s initiatives to reducing its operating carbon footprint include installing solar PV panels and EV charging stations at its offices and a greater effort to reduce business travel-related emissions (Scope 3) where possible.
Identifying new opportunities to lower Pala’s environmental footprint is part of our approach and commitment to sustainability. We look forward to implementing the following:
- Reducing food waste.
- Promoting a paperless culture.
- Choosing sustainable suppliers and products.
For residual 2022 and 2023 emissions of 204.65t not reduced, we are compensating through retirement of verified carbon units from Verra registry. We have elected to retire from high-impact clean cooking carbon offset programs developed by aera.
About Pala
Pala is an investment company focused on the value chain of raw materials critical to building a sustainable and decarbonized economy for the future. Pala’s team has extensive experience, with a strong track record of successful investments and value creation. We pursue superior risk-adjusted returns through our convictions and by providing financing solutions and strategic support for development, growth, and turnaround situations.
About aera
Established in 2015, aera holds the largest portfolio of environmental products in Africa spanning 35+mtCO2 of carbon credits generated by projects developed across the continent. The portfolio comprises community based activities (clean cooking, clean lighting, clean water access, plastic collection, plastic recycling), renewable energy projects (solar PV, wind farm, small hydro, large hydro, biomass, off-grid) and e-mobility programs (e-bikes, e-cars, e-buses).