Fondsfinans partners with Inherit to amplify carbon removal efforts
Oslo, Norway. April 10, 2024 – In a significant move towards enhancing its sustainability initiatives, Fondsfinans Kapitalforvaltning, a Norwegian asset management firm, has announced the purchase of carbon removal credits from Inherit Carbon Solutions.
Inherit Carbon Solutions utilizes an innovative approach to carbon removal by leveraging wastewater and food waste.
Melanie Brooks, Portfolio Manager and Head of ESG at Fondsfinans Kapitalforvaltning, emphasized the importance of this partnership, stating: "At Fondsfinans Kapitalforvaltning, we recognize the necessity of achieving net zero emissions globally, in line with the Paris Agreement. Even though we are a boutique asset manager, it is important that we do our part and achieve net zero in our own operations. Furthermore, we are committed to engaging with our portfolio companies to encourage them to formulate credible net zero targets and strategies. Reducing carbon emissions from business activities should be the starting point for any net zero strategy, yet we understand the necessity of supporting credible carbon removal initiatives. Our collaboration with Inherit Carbon Solutions is a meaningful contribution to our work with sustainability.”
Mike Carpenter, CEO of Inherit Carbon Solutions, expressed enthusiasm about the partnership, "Fondsfinans Kapitalforvaltning is an early mover, purchasing high quality carbon removal. Together, we are making significant efforts towards a cleaner and more sustainable future, showcasing that effective solutions are achievable when industry leaders come together to tackle carbon emissions."
About Inherit Carbon Solutions
Inherit Carbon Solutions believes in a sustainable approach to carbon removal that does not rely on energy-intensive processes or compete with agricultural land. Founded on the premise that large-scale carbon capture and storage (CCS) from biomethane production is not only feasible but imperative, co-founders Kaja and Mike have dedicated themselves to the commercialization and implementation of this technology. Inherit Carbon Solutions is committed to removing gigatons of CO₂ from the atmosphere and securely storing it for millennia, proving that significant environmental impact is possible through innovation and collaboration.
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