The digital platform for your climate actions - Social Business Tech for good - BNP Paribas Fortis
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The digital platform for your climate actions Launched by Social Business Tech for good
Table of content
The
The Context ClimateSeed
Appendices
Platform &
tools
1 2 3
2
The Context
3
Climate change is The 10 warmest years
in the 139-year record
accelerating all have occurred since
2005, with the five
warmest years being the
It has become necessary to take a five most recent years.
step beyond CO2 reduction to fight
climate change.
Air pollution from roads
causes at least €70bn
Climate change has an impact on our in health damage every
everyday life as businesses and individuals. year in the European
Union.
Countries, authorities and corporations are
actively reducing their carbon footprint,
however as the problem grows In 2018, overall losses
from weather-related
exponentially, these efforts are not solving
disasters totaled USD
the problem at the needed pace to preserve 225 billion.
our planet.
Sources: Weather, Climate & Catastrophe Insight - 2018 Annual Report
European Public Health Alliance (EPHA) 2018
4
Business Context 1/2
Criteria for most responsible
investors
More and more, investors and clients are
supporting organizations that have a robust
sustainable strategy. Disclosure of ESG and related
1 objectives
There is a growing investor pressure on
Integration of these across the
environmental sustainability and social 2 portfolio
responsibility (Willis Towers Watson, 2018).
Implementation of strategies and
Annual global investment in climate 3 benchmarks
business solutions is over USD 1 trillion and
is accelerating (IFC, 2016). 4 Commitment of resources
5 Accountability
Partnerships with other investors
6 and businesses
5
Business Context 2/2
Initiatives Economics Social Technology Legal
In June 2017, France 90% of Asset Managers The Climate Walks, In 2017, Bloomberg Article 173 in France.
adopted the Plan Climat, worldwide have a climate gathering 150K people released the guidelines of
which includes a new strategy (BlackRock 2018). each. the assessement process New Directives in
long-term objective to be and disclosure of carbon Solvency II, PRIIPS, UCITS,
carbon neutral by 2050. BlackRock survey, with Greta Thunberg activism. emissions: IORP II, MiFID II, AIFMD to
about 90% of Asia-Pacific add Sustainability
The 2015 Paris insurers citing ESG policy In 2018, overall losses Portfolio Carbon information.
Agreement has been as “extremely or very from weather-related Footprint tool.
called a USD 20 trillion important”. disasters totaled USD 225 Pension Fund in Australia
investment opportunity. billion. Carbon Tracker 2D being sued for failure to
Annual global investment Scenario Analysis Tool. disclose management of
The implementation of in climate business climate-related financial
the Nationally solutions is over USD 1 risks.
Determined trillion, and is
Contributions (NDCs) accelerating. Recommendation from EU
submitted as part of the HLEG recommendation to
Paris Agreement will Sustainable Investment encourage the
accelerate the market for represented 24% of Global development of a common
climate-friendly Assets under Management set of sustainability
solutions. in 2016. impact metrics and
proxies.
Source:
Patricia Espinosa, United Nations Framework Convention on Climate Change Executive Secretary Science Based Targets 2018
"Creating Markets for Climate Business An IFC Climate Investment Opportunities Report", p11 "Creating Markets for Climate Business An IFC Climate Investment Opportunities Report"p10 6
http://www.mission2020.global/climate-turning-point/#Content6 Global Sustainable Investment Review 2016
AON Weather, Climate & Catastrophe Insight: 2018 Annual Report
Considering this context, it has become
necessary to go beyond CO2 emissions reduction
to fight global warming at the needed pace
Along with your reduction strategy, balance your residual emissions by
supporting sustainable projects that capture or avoid CO2 emissions, and
contribute to the UN Sustainable Development Goals.
7
Sustainable projects accelerate the
climate change mitigation and boost the
2° pathway.
Balancing CO2 emissions
through the contribution
of sustainable projects
Business-as-
can accelerate the climate
usual emissions
They generate 1 carbon credit per each ton change mitigation and
boost the 2°C pathway
of CO2 captured or avoided.
Fossil fuel
mitigation
Organizations and corporations can buy iss
i ons Reduction
m
CO2e pathway
these voluntary carbon credits to support
projects and balance their carbon Sustainable project
financing: Beyond CO2
emissions.
reduction
Emission
It can be done at different levels: company, balancing
pathway
buildings, portfolio, product or services,
event and business trips.
8
The ClimateSeed Platform and Tools
9
ClimateSeed is the digital platform
to balance your residual emissions
User friendly centralized
It is a digital platform, launched by BNP platform
Paribas, that connects sustainable project
carriers with organizations that want to go Fair price: project carriers set
beyond CO2 reduction by supporting price of their carbon credits
sustainable projects.
Robust due diligence
They can securely and transparently buy process
carbon credits to support sustainable
projects. A voting module and digital
tools to engage stakeholders
10ClimateSeed is a Social Business accredited
by Nobel Peace Prize Prof. Yunus
A company dedicated to fight climate change and solve human problems.
The ClimateSeed team has been
directly collaborating with the
Grameen Creative Lab* to become
a leading Social Business. A
company dedicated to tackle social
and environmental issues.
As a Social Business, 100% of its
profits will be reinvested in
education, project development,
and technological solutions to
counter climate change.
*Consultancy firm founded by Prof. Yunus specialized in auditing and supporting Social Businesses
11The ClimateSeed platform Transparent fair price and
business model
is secure and transparent The price of the carbon credits is
set by the project carriers to
maximize financial contribution
to the projects.
In the ClimateSeed platform, you will find ClimateSeed adds a 15%
transaction fee (only paid by the
quality-checked projects that underwent a contributor).
strict due diligence process and are
Diversified projects and
internationally certified. impacts
Create a portfolio to target
several SDGs, locations or project
Three-level verification process to types.
mitigate reputational risk. Centralized infrastructure
& user-friendly experience
Sustainable project With a secure, reliable & easy-to-
use platform.
certification and audit Banking due diligence
by major international and anti-money Continuous project
standards laundering and Validation from monitoring and reporting
Projects are monintored by
reputation analysis Sustainability international standards and
1 Committee reviewed by the Sustainability
2 Committee and the ClimateSeed
3 team.
12ClimateSeed is the
trusted partner for your Company
Level Investment
climate-positive actions
Portfolio
Company Business Business Products &
trips events Services
Select your CO2
emission scope to
balance
Engage your Report and
Through ClimateSeed, balance your
stakeholders communicate
residual emissions at different
scopes. These actions generate Climateseed has several digital
You can use ClimateSeed’s
benefits on the environment, UN tools including a digital voting
communication kits to promote
Sustainable Development goals module that help you engage,
your climate-positive actions,
and throughout your business attract and retain stakeholders.
strucutre educational campaigns
network. and report to your stakeholders.
13How it works
Sign up to climateseed.com, go through the onboarding process,
browse and contribute to sustainable quality-checked projects to
securely and easily balance your unavoidable emissions.
1 2 3 4
CO2 emissions Project Project Communicate
measurement Selection Selection your actions
Use the ClimateSeed Choose among a wide Support sustainable Keep your stakeholders
emissions calculator for range of sustainable projects and unlock informed by using our
your business trips, projects. their environmental, communication kits.
annual energy OR social, and economic
consumption... Rely on Pre-select sustainable impacts.
ClimateSeed’s expert projects and use the
network to calculate ClimateSeed voting module
additional emissions. to engage your
stakeholders. 14It offers a wide variety of
sustainable projects
The projects available on the ClimateSeed platform
either capture or avoid CO2 emissions
Forestry & Land Agriculture Water Waste Energy Community-
Use Management Based
These projects also contribute to Sustainable Development Goals set by the UN
15The project portfolio in numbers
We are already working alongside
20 Project 12 20M teqCO2 In more than
Developers projects credits 10 countries
available
16We are already working globally 56% 44%
18% 41%
of projects
41% of projects
of projects
Projects data is contstantly changing
Data cannot be exhaustively presented
17Example of sustainable projects available on ClimateSeed 1/4
Rural Biogas Development Peatland Conservation Improved Cookstoves
Emissions Avoidance Carbon Sequestration Emissions Avoidance
Energy Transfer Forestry & Land Use Household Devices
China Indonesia Mozambique
Total tCO2eq avoided: 800,000 Total tCO2eq sequestered: 7,500,000 Total tCO2eq avoided: 30,000
Families supported: 395,500 Protected species: 44 species Families supported: 3,200
Annual savings of coal: 340,000 tons of Protected area: 150,000 hectares Annual savings of coal: 70% in cooking
coal charcoal
Credits on ClimateSeed: 6,210,000
Credits on ClimateSeed: 200,000 Credits on ClimateSeed: 30,000
Average Price: €9
Average Price: €5 Average Price: €8
The small-size biogas digesters avoid methane Tropical peatland restoration and conservation 95% of the population of the districts uses
emissions from pig manure as well as carbon initiative. Peatlands are susceptible to forest fires, cookstoves with low energy efficiency and a
dioxide emissions from coal and firewood, and especially during the dry season. Uncontrolled fires generous amount of charcoal which cost these
provide families with clean, renewable and free can burn through vast tracts of vegetation and the families a lot of money and time. The project has
biogas for cooking, heating, or lighting. underlying peat, releasing significant GHG distributed 5,000 charcoal cookstoves to families
emissions. The project protects vital habitat for a living in the saving more than 70% compared to the
vibrant mix of flora and fauna. traditional charcoal cookstoves currently used in
the area.
182/4
Example of sustainable projects available on ClimateSeed
REDD+ Brazil Nut Project Composting Project Improved Cookstoves
Emission avoidance Emissions Avoidance Emissions Avoidance
Forestry and Land Use Agriculture Household Devices
Peru Brazil Uganda
Protected area: 300,000 hectares Total tCO2eq avoided annually: 12,623 1,500,000+ people benefit from reduced
indoor smoke exposure
Credits on ClimateSeed: 20,000 Local farms: 13+
110 USD saved per household per year
Average Price: €7 Credits on ClimateSeed: 5,000
Credits on ClimateSeed: 20,000
Average Price: €8
Average Price: €7
The project avoids carbon emissions related to The project replaces the baseline Animal Waste The project has distributed more than 350,000
unplanned deforestation. By conserving trees that Management Systems (AWMS) by a lower GHG cookstove by 2014. Locally, the project employs
would otherwise be harvested and illegally logged, emitting AWMS. As part of the project artisans and small enterprises to market and
not only is carbon stored in standing trees, but the activity, farmers shifted their AWMS to deliver efficient cookstoves to rural areas
community members are able to manage the Brazil mechanized composting units, avoiding methane throughout the country. This livelihood
nut concessions to sustain their livelihoods. emissions. improvement project allows consumers to
purchase an efficient cookstove at a reduced price,
and then save additional money from the fuel
efficiency of the cookstove. This project would not
livelihoods. be viable without the revenues of carbon offsets.
19Example of sustainable projects available on ClimateSeed 3/4
Forest Conservation Wind Farm Community Project
Emission sequestration Emissions Avoidance Emissions Avoidance
Forestry and Land Use Renewable Energy Energy Efficiency & Fuel Switching
Peru Mauritania Waste Management
Canada
Protected area: 1,500,000 hectares 30MW wind farm
Total tCO2eq avoided: 22,852,000
22 million tons of CO2 avoided 15 turbines of 2MW each
79 projects in Quebec
716 jobs created Credits on ClimateSeed: 69,000
Credits on ClimateSeed: 275,000
Credits on ClimateSeed: 25,000 Average Price: €3.5
Average Price: €38
Average Price: €6
The Cordillera Azul project targets the deforestation The project consists of the construction and This project is a community pooling project in
drivers and aligns sustainable economic operation of a greenfield 30 MW wind power plant Quebec, Canada. This project pools together a
development with environmental protection by South of Nouakchott, Mauritania's capital, variety of sustainable projects in the community
transforming over 3.8 million hectares of consisting of 15 wind turbines of 2 MW each which including diverting industrial and commercial
threatened forest. The project focuses on capture kinetic wind energy for electrical waste from landfills by composting or recycling;
establishing sustainable livelihoods through conversion and export to the regional grid of and increasing energy efficiency buildings and
technical assistance and support for transitioning Nouakchott. switch fuel.
land use to agroforestry systems for sustainable
cocoa and coffee production.
livelihoods.
20Example of sustainable projects available on ClimateSeed 4/4
Renewable Energy Sustainable Clean Water REDD+ Project
Emission avoidance Emissions Avoidance Emissions Avoidance
Energy Efficiency Energy Efficiency Forestry & Land Use
Brazil Malawi Brazil
Recovering 50 hectares of native species 2,500 water points built/repaired Total tCO2eq avoided: 12,450,000
Credits on ClimateSeed: 130,000 Credits on ClimateSeed: 250,000 Credits on ClimateSeed: 100,000
Average Price: €6 Average Price: €6 Average Price: €4
The main benefit of the project activity is the Worldwide 660 million people don’t have access to The main goal of the Project is the promotion of the
avoidance of native firewood use and the clean water, and in sub-Saharan Africa 36% of sustainability of the extractive community by
consequent reduction of GHG emissions. The existing water pumps are not working. In rural reducing forest degradation and unplanned and
company maintains eucalyptus reforestation areas Malawi the project developer is the leading non- illegal deforestation and consequent emission of
with a sustainable management plan, reducing the government organization that is addressing this GHGs, achieved through a list of activities funded
pressure over the Caatinga biome. The factory has challenge. In recent years they have built and by the sale of carbon credits.
sustainable initiatives, as monitoring of repaired over 2,500 water points. They train the
atmospheric emissions and use of translucent communities to then manage these and train area
tiles to reduce energy consumption. mechanics to provide routine maintenance and
local stores to sell fast wearing spare parts.
livelihoods.
21UN SDGs are at the core of
the ClimateSeed platform
Create your diversified project
portfolio.
ClimateSeed promotes sustainable
projects that contribute to the UN SDGs,
social, economic, and environmental
impacts, mainly in developing countries.
You can contribute to a variety of projects
and either offset with one specific project or
create a diversified portfolio that includes
different Sustainable Development Goals.
22Once connected to the ClimateSeed platform,
balance your residual emissions in 4 simple steps
Based on the defined
scopes and emission, Choose among a Contribute to the
enter your CO2 wide range of quality- projects and receive Retire units and
balancing goal. Select checked projects your climate receive your “Carbon
your preferred SDGs from around the contribution units Balancing Certificate”
and project location world (carbon credits)
1 2 3 4
Project Carriers set their
climate units fair price Receive report
materials and
updates about the
projects you
contributed to
23ClimateSeed provides you with
communication & educational materials to
promote your sustainable actions
Internal External
Audit
Communication Communication
Pack
Pack Pack
Ad-hoc
Methodology Digital Voting communication
Module material about the
Certificate
contribution done
Testimonials
Project Carriers on the ClimateSeed
Photos platform
Local Partners
Videos Social media kit
Prices
Project on-site trips Press kit
SDGs
24ClimateSeed supports organizations to
meet their stakeholders’ expectations
Attract, retain and engage Accelerate your
your stakeholders sustainability impact and
SDGs contribution
Improve your competitive
advantage differentiating Build a stronger brand
from competitors
Become a public example of Anticipate coming
sustainability regulation
25Our partners
26Meet the team
The Core Team The Sustainability
Committee
Composed of Academics
& Industry Experts
Provides additional filter
in project selection
Sebastien Nunes Edouard Blin Jessica Denoyelle Edoardo Bertin
It defines ClimateSeed’s
HEAD OF LEGAL & MARKETING &
CEO COO REGULATORY PARTNERSHIP scientific methodologies
AFFAIRS MANAGER
Members
SEVERIN FISCHER – One Earth Consulting,
Former Head of Environment at BNP Paribas
RENAUD BETTIN – Carbone 4, Net Zero
Initiative
STEPHANE VOISIN – ILB
Michelle Parra- Vincent
Alexandre Razzi
Guedez Loubinoux CHRISTINE LANGEVIN – Climate change and
GLOBAL BUSINESS
BUSINESS land use consultant
RELATIONSHIP DEVELOPMENT &
DEVELOPMENT
MANAGER CSR
27Appendices
Launched by Social Business
Tech for good
28Regulated and voluntary carbon markets
Regulated Carbon Market Voluntary Carbon Market
EU Emissions Trading System in Europe, the RGGI in USA, the
Markets California cap & trade system
Over the counter, fragmented market
Energy, power, cement, glass, steel, and other polluting All other businesses, institutional investors, cities, individuals (not
Target industries are required to buy a set amount of carbon mandatory) that would reach total or partial “carbon neutrality” or or
credits with regards to their emission level become «climate positive»
Mechanism Emission Allowance Trade Voluntary offsetting market
Not regulated; However the project certification and assessment is done by
Kyoto Protocol applied by United Nations, States, international standards applying UN recognized methodologies. Auditing
Regulation
European Union projects from a scientific perspective and measuring the carbon avoided or
capture by projects as its social and economic benefits
VERs (Voluntary Emission Reduction) or VCUs (Verified Unit Reductions)
Underlying Quotas /EUA, CER
linked to sustainable projects
Co-benefits on social and economic impacts for developing countries
Limited CO2 emission (2005-2008) Help reaching the UN Sustainable Development Goals
Facts Objectives not reached due to subprime crisis Facilitate developed countries reach clean energy transition
Will be reformed post cop 2020 Support the development of sustainable projects
Backed by article 6 and 13 of COP 21 (Paris Agreement)
29Project developers propose voluntary carbon
credits from a large range of programs
Efficient cookstoves, or individual biogas
Renewable power infrastructures that
producers using cattle manure, which will
contribute to decarbonizing the local power grid
significantly reduce wood consumption for daily
and thus avoid GHG emissions
cooking in rural communities, and hence
prevent deforestation that generates carbon
emissions
Energy efficiency and fuel switching action
Supply of water filters to households in rural
communities, which will eliminate the need to
boil water and hence cut carbon emissions
Landfill projects designed to capture the
methane issued by the waste disposal and
provide it to communities in substitution to Partnership with local communities,
fossil fuels protection of existing forest areas that are
clearly threatened by local human activities, in
order to maintain carbon storage along with
Local renewable lighting systems that avoid
benefits for biodiversity; and afforestation in
using a high-carbon power to get light in remote
new regions, in order to develop new carbon
areas
sinks
Climate-friendly practices in agriculture that
maintain carbon in the soils while increasing
Alternative low carbon transportation their fertility, restore biodiversity and develop
infrastructure (like public transit) new sources of income for smallholders
30Project developers propose voluntary carbon
credits from a large range of programs
83 Countries 62.7 MtCO2eq issued and $191mn
Voluntary carbon projects are reported in 83 financing reached in 2017
countries around the world
In 2017, issuances (62.7 MtCO2eq) and retirements
(42.8 MtCO2eq) reached record-highs in the carbon
offsets voluntary market
The voluntary market is gaining 2008 Sustainable Projects
momentum and recognition Since 2005, a total of 2,008 projects have issued
offsets during this time, mainly in Asia (51%)
The voluntary market is gaining momentum and
and North America (18%). Another 11% of projects
recognition under the UNFCCC framework as Paris
have been based in Latin America and the
Agreement Article 6 paves the way for avoiding double
Caribbean, 11% in Europe, and 11% in Africa
counting when offsetting carbon through the
voluntary market, which is an essential condition to
the use of carbon credits that are issued out of the
official UNFCCC mechanisms (Clean Development
Mechanism and Joint Implementation)
31The current structure of the
Voluntary Carbon Market
Project Carriers International Project Carriers Brokers purchase Retailers take Public & private
develop a project Standards like Gold issue Voluntary the carbon credits. distribution institutions
that capture or Standard or VERRA Carbon Credits. 1 They negotiate exclusivity and aim purchase them.
avoid carbon certify the project credit = 1 ton of lower prices with at reselling them to Hence they offset
emissions and and issue carbon CO2eq. Anyone can the aim at reselling their loyal clients. their carbon
contribute to SDGs credits related to purchase them them footprint. The
the amount of carbon cannot be
CO2eq captured or used again.
avoided
NO TRANSPARENCY
CT PROJECT
CREDIT PROJECT CREDIT CREDIT CREDIT
TRANSACTION TRANSACTION
FICATION DEVELOPMENT
ISSUANCE CERTIFICATION ISSUANCE RETIREMENT RETIREMENT
32
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