Cambridge Associates Goes Carbon Neutral in Business Operations
At Cambridge Associates we believe it is our mission and obligation to create and preserve opportunity for future generations by applying our time, talent, and expertise to building more sustainable and nurturing communities. While our meaningful work in sustainable and impact investing is valued by a large portion of our clients, it is essential that our commitment to sustainability show up beyond investment portfolios and within the walls of our firm as well.
As a demonstration of the firm’s commitment to sustainability, we are pleased to announce that Cambridge Associates has officially received carbon neutral accreditation and certification around the globe to PAS 2060 specifications – the international standard for carbon neutrality. This is a significant step forward in our commitment to our Corporate Social Responsibility philosophy.
We have achieved this certification through a two-pronged approach, namely committing to an annual carbon reduction plan and purchasing offsets to the carbon we do produce each year. These carbon offsets are generated through helping to fund renewable energy projects and energy efficiency projects, many of which bring additional social and community benefits in developing countries as well as reducing greenhouse gases.
Of course, meaningful impact to climate change also comes from a reduction in emissions as well as offsets. We aim to reduce our carbon footprint through decreased commutes as we shift to a largely hybrid work model and revised travel policies that limit travel not directly related to serving our clients’ investment needs (such as reduced internal travel between offices for our colleagues). We are also carefully measuring in-office waste and electricity usage.
The Cambridge Associates global community is proud of this progress and excited to take this important step forward in our commitment to sustainability.