Together we’ve planted 30,000 trees
By: Leah Callaghan
Resimac’s Carbon ConsciousTM program offsets 4.5 million kilograms of CO2
For every Resimac-branded loan settled, a native Mallee Eucalypt tree is planted by Australian carbon farming company, Carbon Conscious Investments Limited (CCIL). In November 2019, Resimac reached a significant milestone with the planting of 30,000 trees, which represents the removal of 4.5 million kilograms of CO2 from the atmosphere.
"In establishing and managing Voluntary Carbon Offset Project forests, we choose tree species that are drought and fire resistant and that are endemic to the local region. In addition to sequestering, or offsetting CO2, the project reforestation also provides biodiversity outcomes in the form of habitat for birds, insects, lizards and animals. They also have a positive impact on water and wind erosion and soil salinity," said Anthony Fitzgerald, Executive Director at Carbon Conscious Investments.
Resimac CEO, Scott McWilliam, said through the Carbon Conscious program, the company is proud to be contributing to a more sustainable environment for generations to come.
"We champion and support the Carbon Conscious program as we believe that all companies have a duty to behave in an environmentally responsible fashion," said Scott.
Resimac launched its Carbon Conscious program in 2010 to counter the environmental impact associated with everyday business processes.
"When we began the program, a lot of paper was used for each home loan application. Since then we have dramatically reduced our use of paper on our journey towards becoming paperless. The planting of trees continues to be important as a means to offset the carbon emissions that we as a society are responsible for," said Scott.
Who is Carbon Conscious Investments?
CCIL is an Australian company that produces carbon credits through carbon farming. Carbon farming is the process in which you plant trees, measure their growth and sell that growth as Voluntary Carbon Offsets (VCO) or Australian Carbon Credit Units (ACCUs) to organisations, who then can claim the ACCU as a carbon credit to offset against the emissions that the company produces.
When companies such as Resimac support carbon farming projects, it’s not just a great option to offset their environmental impact, it also puts value into farming operations by mitigating the effects of previous over-clearing.
Although there are many Carbon offset schemes out there, Resimac has chosen CCIL in part because it is an active Member of the Carbon Market Institute and a Foundation Signatory of the Australian Carbon Industry Code of Conduct.
"We are very thankful to our customers and brokers who have helped us support this cause," said Scott.
For more information about Carbon Conscious, you can visit their website here.
The opinions expressed in this article are the opinions of the author(s) and not necessarily those of Resimac.