It became a fact today: our carbon budget is limited. Together, we must achieve carbon neutrality by 2050 to limit global warming to 1.5°C.
At Canopy, we believe climate change will amplify risks, but also inequalities.
We work towards collective carbon neutrality by supporting companies that invest, outside of their value chain, in transition projects with a high social and environmental impact.
To be consistent with the task we have set for ourselves, we started by reducing and offsetting our own emissions. To do so, we selected a project with multiple social co-benefits in a country we know particularly well: Madagascar.
Improved cookstoves in Madagascar
Canopy Energy is implementing a climate strategy consistent with the Paris Agreement to help achieve common carbon neutrality goals.
The carbon credits we chose to offset our residual emissions are the result of an improved cookstoves project developed in Madagascar by the ADES association. ADES has been working with the Malagasy population since 2001 and provides fuel-efficient cooking solutions (solar stoves and improved stoves) to households and public institutions. The project, certified by GoldStandard since 2007, promotes and distributes efficient kilns to reduce wood consumption and, thus, deforestation.
ADES manufactures all the stoves in Madagascar, pays 200 employees at fair wages and finances their children’s school fees. Promoting efficient cooking solutions has concrete impacts on the reduction of CO2 emissions, but also on the quality of life in the Malagasy households.
Only 4% of Malagasy families are equipped with improved stoves, and ADES needs all of us to continue its action and maximize its impact.