La Trobe Financial has announced the retention of its Climate Active certification for the second consecutive year.
The achievement by the Australian alternative asset manager follows a comprehensive independent carbon footprint assessment conducted in collaboration with independent advisory firm, Carbon Neutral.
La Trobe Financial measured its emissions activities using the Greenhouse Gas Protocol by the World Resources Institute and incorporating data from diverse governmental and academic sources.
To offset its carbon footprint and achieve carbon neutrality, La Trobe Financial strategically invested in two high-standard programs.
The first initiative involved the Yarra Yarra Biodiversity Corridor project in Australia, contributing to the planting of 30 million trees and shrubs over 13,000 hectares since its inception in 2008. The second endeavour, the Rimba Raya Biodiversity Reserve project in Indonesia, preserved more than 64,000 hectares of biodiverse forest, safeguarding the habitat of endangered Bornean Orangutans.
Chris Andrews (pictured above), La Trobe Financial’s CEO, expressed pride in the recertification, emphasising the significance of being endorsed by Climate Active – an Australian government-supported program recognised for its rigorous standards globally.
“As Australia’s leading alternative asset manager, we are in a unique position to be a force for good, in the spirit of others before self, and this is an important achievement for the business,” Andrews said in a media release.
“Furthermore, we remain resolute in our approach to being 100% carbon zero by 2030.”
Lilian Chin, director at ESG at La Trobe Financial, highlighted the company’s commitment to continuous improvement in its processes and environmental initiatives.
“Our ESG policy is at the very core of our activities and business practices, and we are committed to incorporating ESG principles into everything we do,” Chin said.
The certification is part of a series of ESG-related accomplishments by La Trobe Financial over the past year. Notable achievements include increasing female representation in executive roles from 30% to 44% and encouraging is 530-plus staff to participate in “Lend a hand days” across local communities.
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