Irish Funds, the funds industry body in Ireland, has announced it has achieved the Carbon Footprint Standard showcasing its commitment to manage its carbon footprint and achieve carbon neutrality.

The process, which will be undertaken annually, includes an assessment of Irish Funds carbon emissions and energy use and provides a roadmap to track and reduce carbon emissions 'at source' as much as possible and to compensate for unavoidable emissions - via carbon offsetting.

Irish Funds offset 23 tonnes of carbon dioxide, the total amount emitted by the organisation during the 2020 calendar, by supporting forest conservation projects led by the Gold Standard for the Global Goals. This a globally recognised standard to quantify, certify and maximise the contributions of climate and development initiatives toward climate change mitigation and the United Nation’s Sustainable Development Goals (SDGs).

Pat Lardner, CEO of Irish Funds commented: “As an industry, we have pledged to take action to mitigate climate change risk through sustainable finance. To provide true leadership we must also work to embed sustainability in our own operations and everyday lives. This means measuring our impact and taking action to reduce or offset our carbon footprint. These small actions add up and we are proud to work with INDOS Financial and other innovators across our network to support change towards a more sustainable environment.”