At Fjällräven we have purchased compensation for the climate via the Swedish company, Tricorona, a world-leading supplier of projects to reduce emissions that has received multiple international awards for its work.
How it works:
1. Tricorona searches for energy projects that are powered by coal and offer to invest the difference to instead implement the project using a renewable energy source. 2. The project is carried out and the renewable energy technology is taken into production. 3. The UN audits the project and calculates the difference in carbon dioxide emissions between the cleaner energy source and the amount of energy that would have been generated had it been produced using dirtier techniques. 4. The UN keeps track of how many tonnes of "saved emissions" the project delivers and Tricorona receives a certificate for this amount. This is known as Certified Emissions Reduction (CER). 5. These carbon dioxide credits are sold as climate compensation for companies such as Fjällräven that are looking to compensate the climate for their carbon dioxide emissions. 6. The climate compensation Fjällräven has chosen to buy is also Gold Standard-certified, which means that the project goes through additional audits and verifications before it is approved. 7. The UN registers every tonne of climate compensation with a serial number, which is invalidated when it is sold. This guarantees that each tonne will not be sold more than once – and that the climate will benefit as intended. Links for more information www.tricoronagreen.se www.unfccc.org www.cdmgoldstandard.org