ISA subsidiaries to be carbon neutral

Company News    Aug 20, 2021 1:55 PM

ISA’s Bernardo Vargas talked on the company’s progress in the goal of achieving carbon neutrality.

Vargas said that 80% of ISA’s subsidiaries are already carbon neutral, Valora Analitik reported.

He said that the company expects 87% of subsidiaries to be carbon-neutral by the end of this year, and all subsidiaries would already be carbon neutral by the end of 2022.

Vargas said that the company has taken several actions to curb the negative effects of climate change, from its operations, managing to protect more than 800,000 hectares of forests and water sources since 2019.

ISA has protected 2,607 hectares of land degraded by cattle ranching, more than 200 species of fauna (many endangered), and seven forestry projects.

“We have a goal in this strategy of 11 million tons, which I think is going to fall short, the goal is to hopefully double that by 2030,” Vargas said.

In addition, Luisa Santiago, Latin America leader of the Ellen MacArthur Foundation, said that it is essential to transform the economy to effectively mitigate climate change.

“This requires urgent action, not only because many people and businesses are already at risk from catastrophic events associated with climate change, but because 2% of GDP is currently lost as a result of climatic emergencies,” Santiago said.

The Minister of Environment (MinAmbiente), Carlos Correa Escaf, reiterated the government’s commitment to reduce emissions from 20% to 51% by 2030.

The government is working on multiple axes to achieve this: combating deforestation (including conservation and restoration), energy transition, mobility and sustainable agriculture, and environmental education.

Bottom-Line: All economic sectors are committing to the government’s carbon neutrality goals and it seems like the country is doing the right things to achieve it.

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