In its voluntary contribution to reduce its greenhouse gas (GHG) emissions, ISA purchased 4,821 tons of CO2 equivalent, in the Voluntary Carbon Market, a stock exchange platform operated by the Colombian Mercantile Exchange that allows companies to acquire carbon credits for offset pollutant gas emissions.
With this mechanism, ISA compensated again 100% of its emissions associated with its administrative activities and the operation and maintenance of its Energy Transportation assets through its subsidiary INTERCOLOMBIA. Both companies were ratified by the South Pole Group as climate neutral.
In the purchase of bonds that financed the “Asorpar” project, the Cáceres area, Bajo Cauca antioqueño, has been reforested, with more than 20 native tree species, which have allowed the arrival of approximately 75 more, and contributed to the recovery of the habitat for threatened animals such as the jaguar, the spider monkey, the anteater, the bus, the armadillo, among other mammals.
“Asorpar” is the first reforestation project in Latin America to be certified under the Verified Carbon Standard (VCS) and the Climate, Communities and Biodiversity Standard (CCBS).
The initiative has allowed the restoration of environmental services in the area and has generated 150 jobs, creating sustainable alternatives for a region that depended on illegal activities as a means of survival.
ISA and its companies in Colombia have been developing a climate change management strategy for four years that includes actions to measure and offset their GHG emissions through the purchase of carbon credits. To date, a total of 19,888 tons of CO2 have been offset in forestry and land use projects, which also contribute to biodiversity conservation and local development.