- Organisation type
- Informal groups
The group consists of work colleagues of the German company CarbonStack, which is searching for damaged and new forest sites in the EU. The areas are assessed with satellite images and the potential carbon uptake is predicted with an environmental simulation. After planting the forest, the project is verified by an external auditor. Afterwards, we monitor the site with high resolution satellite images for at least 30 years.
Our actions – the Pathway
The company is committed to planting 30,000 hectares of new forest in Europe by 2030 aiming for an absorption of 7 million tons of CO2 over the lifetime of the planted forests.
Our group of colleagues supports this effort with a communication framework that targets to educate both companies and citizens about the benefits and challenges of afforestation and carbon offsets. This will include:
- A free podcast with scientists, industry experts and politicians with the target to advance the general knowledge of the viewers / listeners regarding carbon offsets, afforestation, and sustainable products.
- Regular blog posts that help leaders of other companies to build more sustainable products and companies. It will mainly be focused on how companies can contribute to climate and nature protection projects in the EU. It will also inform them on EU regulations and the new CSRD reporting scheme.
- Our group will host events in Hamburg for other company leaders that are interested in making a contribution. The events are targeted to raise funding for projects and inform the industry about possible solutions.
CarbonStack as a company has set itself the following milestones:
- By the end of 2023, we will have established partnerships with forestry organizations across Europe and identified suitable land for planting new forests. Currently we are looking at areas in Germany, Sweden and Ireland.
- By 2025, we aim to have planted 10,000 hectares of new forest.
- By 2030, we aim to have planted a total of 30,000 hectares of new forest and ensured their long-term sustainability and protection.
Our internal working groups is supporting this effort by the measures above, which all start in 2023.
More information on the pledge
- The projects will be financed through carbon offsetting projects. In terms of how the actions towards our pledge are different from our organization's core organisational activities, nearly all of those projects currently take place in developing countries. Therefore, involving European companies in European projects is new. Afforestation projects in Europe cost three times as much as projects in the global south. We encourage and enable European companies to take this extra burden to increase permanence and biodiversity of Europe‘s forests.
- The new forests will be located in various locations across Europe, depending on the suitability of land and the needs of local communities. We plan to involve local communities and organizations in our efforts, supporting the sustainability goals of the UN. It is difficult to estimate how many people will be involved and impacted by the pledge. However, we are certain that it will improve life on land, create jobs and foster tourism in the regions.
- We have observed that most European companies want to increase their environmental commitments. However, they are unsure regarding both carbon offset regulations and the science behind it. That is why we see it as our mission to dispel any doubts that hold back investments in climate protection projects.
Status date: Submitted (8/5/2023)
Data source: Self-reported https://carbonstack.de/#/en/