We are excited to announce our partnership with the 2024 CEDER & HOF Awards, a milestone event for CEE real estate industry. We showcased our dedication to environmental sustainability by addressing the CO2 emissions produced during this distinguished event.
This year’s awards gathered 350 important actors in the real estate market, producing a total CO2 emission of 16,440.62 kgCO2e. This amounts to an average of 46.97 kgCO2e per attendee, demonstrating the substantial environmental effect such events can cause. Each person’s emissions were equivalent to indulging in a pile of ice creams or, it’s comparable to a diesel car journey from Prague to Vienna!
To reduce this, we examined every detail of the event, from power usage at the Nord Event Center by Globalworth to waste generation. The Nord Event Center by Globalworth, a BREEAM-certified project, only contributed a very small 1.2% to our carbon footprint. Thanks to the landlord’s renewable energy, that’s now all offset.
To illustrate the effect, the CO2 emitted would need 747 grown trees or 165 square meters of solar panels to offset in one year. This sharp contrast highlights the need for concrete steps towards carbon neutrality.
We are pleased to announce that, in collaboration with our partner, we have effectively neutralized all CO2 emissions from the 2024 CEDER & HOF Awards. Our strategy involved buying carbon offset credits certified by globally accepted standards. These offsets fund renewable energy projects, community development, and biodiversity conservation, creating a wider positive impact on society and the environment.
We don’t just measure and report emissions. As Razvan Nica, founder of Carbon Tool, says:
In the fast-paced business world, it’s essential to keep a realistic and practical approach to sustainability. Our tool is designed to distinguish between genuine sustainability actions and mere publicity efforts, ensuring that our clients achieve meaningful objectives for carbon neutrality. Tailored for different market needs and operations, our platform provides a sophisticated way to tackle carbon neutrality. It gives companies the power to precisely track, manage, and disclose their carbon footprint, with the goal of reducing it. Partnering with CIJ for the second year marks a significant step in a journey that’s reshaping the entire supply chain. We’re dedicated to this path and expect that, in time, all businesses will align with these practices to meet European standards.
For more information on how Carbon Tool can help your business achieve its sustainability goals, please visit our website at CarbonTool.
This article highlights Carbon Tool’s initiative and leadership in promoting carbon neutrality, emphasizing our active involvement in making the 2024 CEDER & HOF Awards a model of environmental responsibility.
