In 2013, Suma Capital joined the United Nations Principles for Responsible Investment (PRI), reflecting our commitment to sustainability as a key focal point for good governance of the company.
In line with this initiative, we’ve calculated our carbon footprint for 2019 with Factor CO2, which has allowed us to see our impact on climate change.
This calculation has been a jumping off point for developing and implementing a strategy to cut emissions and offset our carbon footprint, which has been laid down in our Green Plan 2020-2025.
With this strategy, Suma Capital is committed to fighting climate change by reducing our energy consumption and using resources and materials efficiently to benefit the environment.
The specific goals of the Plan are to cut our emissions 30% by 2025 and to raise awareness among our team and clients of the severity of climate change and the importance of calculating emissions in order to more effectively work to reduce them.
In terms of the residual emissions we can’t avoid, we’ve decided to offset them through Climate Neutral Now, an initiative launched by UN Climate Change in 2015 and we’ve got UN certified emission reductions (CERs).
By purchasing these certified emission reductions, at Suma Capital we are helping foster sustainable projects in developing countries, like the Kadame Mini Hydel Scheme, which aims to contribute to sustainable development in the Balekallu Hole region of India focusing on the area’s hydroelectric potential.
With these initiatives, we are pooling our efforts to achieve the Sustainable Development Goals (SDG) on the 2030 Agenda. The one we mentioned before contributes to SDG 1, to end poverty by generating direct and indirect jobs for locals and therefore improving the region’s economy.
We are also supporting SDG 7 on sustainable, clean energy by increasing the use of renewable energy and reducing the use of fossil fuels, as well as bringing clean energy into the power grid.
All of these factors also help achieve SDG 3, fostering the health and wellbeing of the population in Balekallu Hole and, naturally, they also contribute directly to SDG 13 on action to combat climate change.
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