While the priority remains avoiding and reducing carbon emissions resulting from our activities, since 2021 the FIA has been offsetting its remaining emissions by investing in carbon compensation projects.
In 2021, the FIA has partnered with South Pole in order to invest in offsetting projects. The selected project portfolio includes:
In 2021, we offset the equivalent of 6,200 t CO2 (covering the FIA’s 2020 footprint) to allow the organisation to become carbon neutral this year. In 2022, we offset the equivalent of 6,800 t CO2 through the same compensation projects managed by South Pole. The remaining volume has been offset by the IOC through a portfolio of ICROA(1) -compliant GHG projects allocated to the FIA in the framework of the IOC Carbon Action Awards.
In 2023, to offset the 2022 footprint, an equivalent of 7,100 t CO2 has already been secured (continued investment in the project portfolio managed by South Pole) and we secured additional high-quality certified projects to fully compensate our footprint.
(1) ICROA – International Carbon Reduction and Offset Alliance is a non-profit membership organisation which promotes best practice across the voluntary carbon market. The ICROA Accreditation Programme defines and promotes best practice in the financing of high-quality emissions reductions and use of carbon credits as an effective carbon management tool.
