The project involved the planting of 120,000 trees
Barnett Waddingham has invested in a carbon offsetting project in a bid to boost its commitment to net zero.
The consultant worked with My Carbon Plan - a not-for-profit dedicated to creating carbon offset projects in the UK - to make the investment and also made a donation to voluntarily offset 1,684 tonnes of CO2 emissions.
The carbon offsetting for this project includes the emissions predominantly from Barnett Waddingham's office space and travel.
This initiative offsets the emissions relating to scope one and scope two, which includes direct emissions from owned or controlled sources and indirect emissions from the generation of purchased energy, as well as some scope three emissions which result from activities not owned or controlled by the firm but which it impacts on in the value chain.
The carbon offsetting project involved the planting of 120,000 willow trees at a 14-acre site in the Lake District.
The funding for the project supports the planting and maintenance costs of the willow trees for four years. Then, the proceeds from the sale of the willow will fund the landowner's ongoing maintenance costs and provide profits for them.
Over the project life cycle the willow should enable the offset of more than 2,500 tonnes of CO2 emissions.
Barnett Waddingham lead sustainability partner Scott Eason said: "Our promise to do the right thing is at the heart of our carbon offsetting initiative and our wider sustainability strategy. For Barnett Waddingham, sustainability is about focusing on meeting the needs of the present, without compromising future generations.
"We pledge to operate a sustainable business both now and for the long-term. We will be continually reviewing this initiative with our partner, My Carbon Plan, to ensure the project is sustainable now and into the future."
The consultant last year announced it has become carbon neutral, and pledged to become net zero by 2025.
