Mahindra Racing, together with ALLCOT Group, has positioned itself as one of the most sustainable motorsport
Mahindra Racing, the first Formula E team to be certified Net Zero Carbon Footprint from inception by ALLCOT Group, keeps the leadership on sustainability to retain the title of Greenest Team in Motorsports.
For Season 7 of the FIA Formula E World Championship, Mahindra Racing compensated its carbon footprint by contributing to the Renewable Energy Program in Karnataka, India supplied by ALLCOT Group. The program is designed to help increase the power supply through wind generation and helps improve the grid infrastructure.
Focused on its pledge to greater ROCE – Return On Climate and Environment – Mahindra Racing team speeds things up and commits to the ambitious targets set by the United Nation Sports for Climate Action.
With a mid-term target to reduce GHG emissions by 50% by 2030 – based on its 2019 baseline – ALLCOT Group is looking forward to support Mahindra Racing’s efforts in their implementation of effective emission reduction strategies.
ALLCOT Group will provide Mahindra Racing team with energy efficiency and waste reduction solutions, as well as access to impactful programs selection to offset their remaining greenhouse gas emissions.
ALLCOT Group stands out in the renowned digital media El Español ENCLAVE ODS, as a great ally in the smart implementation of programs aimed at helping companies interested in offsetting their CO₂ footprint. Natalia Rodrigo, Business Chief Business Development Officer, represented ALLCOT and shared her knowledge and extensive experience in offset markets.
The rise of the offset market represents a great challenge for companies that have ventured into sustainable decisions. However, Natalia, in this medium, explains that there are ways to offset the carbon footprint. That is, from “reforestation, preservation of the Amazon in Colombia, reforestation of mangroves in Mexico, or creation of wind farms in Chile”.
The creation of projects aimed at decarbonization by means of compensation, through the conservation of polluted and degraded areas, play an important role in the mitigation of carbon emissions and conservation of life in all its forms.
ALLCOT has put all its efforts to protect our planet and help more companies become interested in measuring their carbon footprint and at the same time, implement action towards decarbonization. It is through innovative strategies that we will be able to achieve the objectives of Article 6 of the Paris Agreement.
You can learn more about this news here.
In recent years, all major companies have turned their efforts towards digital transformation and sustainability. No longer an option, the company that does not embrace these two issues will not survive for many years to come. However, for the small and medium-sized business segment, it seems that the road to sustainability is getting a bit uphill. Why? Let’s look at an example!
Marta Garcia started a small espadrille business more than a decade ago. In the early years, the company made small productions of footwear and had a staff of 4 employees. The business was growing slowly, but in 2017 it hit a spurt because her espadrilles appeared on the Instagram account of a famous influencer. Since then, its turnover has increased exponentially, and it now has more than 40 employees and different workshops throughout Spain.
Marta is aware that her business already has a very large volume of activity and would like to do her bit to offset the impact it has on the environment around her. She keeps hearing about sustainability and new laws that could affect her business in this regard, so she decides to do some research on the internet. During her search, she discovers many terms she didn’t know: ESG, GRI, carbon footprint, European taxonomy, Statement of non-financial information… Marta feels overwhelmed, she doesn’t know where to start!
Today, there are many SMEs in our country that are in Marta’s situation. They don’t know how to create and implement a sustainability plan or how to report their non-financial information (they are not even aware of whether they are required to do so or not).
But don’t worry, if you have an SME and don’t know how to deal with this issue, Sygris and ALLCOT Group have hit the bull’s eye on these problems through their recent alliance.
When it comes to sustainability reporting, SMEs face two major challenges: the lack of standardization and the difficulty of collecting all the necessary information. This information must be grouped in line with a clear taxonomy and interpreted according to its impact, in order to establish improvement commitments at a holistic level, with credibility and transparency towards all stakeholders in the short, medium and long term.
In this regard, Ana Palao, Client Experience Director at Sygris and expert in Sustainability, stresses that “it is essential that SMEs overcome both challenges and begin to report and reverse their impact on the environment around them, as they represent more than 96% of the productive fabric of our country”.
Words with which Natalia Rodrigo, Group Chief Business Development Officer of ALLCOT Group, agrees and adds: “Being able to organize, analyze and interpret data efficiently is the guarantee of success towards a transparent and direct reporting, ensuring the integrity of the organization and added value”.
A value-added partnership
Sygris is a leader in the collection, analysis and management of the data required for sustainability reporting. It is a Development Platform that enables Advanced Information Processing and the automation of Internal Processes in a SaaS Cloud environment. Designed under the Low Code paradigm, Sygris allows the dynamic, intuitive, easy to learn and functional development of innovative digital solutions. The catalog of solutions covers a very broad spectrum, but it is in the field of Corporate Social Responsibility and Sustainability where Sygris has been the leading product of the sector in our country for more than a decade, above the rest of the international competitors.
ALLCOT Group is an international consulting firm that works as a strategic and integral ally, committed to long-term relationships. Hand in hand with its clients, ALLCOT Group helps to understand and interpret their environmental impact; articulating a roadmap for improvement based on sustainability performance analysis, sector and regional benchmarking and defining how impact reduction measures should be established, including mitigation, adaptation and offsetting of emissions through the acquisition of triple impact credits (ESG).
Undoubtedly, the ALLCOT Group– Sygris alliance will mark a differentiating milestone for companies looking for added value in their allies and an effective and comprehensive solution to their sustainability challenges, beyond reporting, towards a reality.
Written by Josseline Cusme, Business & Strategy Analyst
Reading time: 5 minutes
Plastic and packaging in particular make up a flash point for consumer sustainability concerns related to climate change. Surprisingly, much theoretically recyclable packaging is not really recycled. This means that most of it goes directly straight to landfill. In addition, a proportion of plastic packaging is not realistically recyclable through the current end-of-life infrastructure.
It is essential to start to recognize that ditching plastics in the foreseeable future is infeasible. This point is illustrated by their affordable price, versatility, and their rest of properties related with protection and availability readiness: they keep food fresh, reduce the amount of waste going to landfill, keep healthcare products safe and save energy in the logistics chain. In fact, plastic provide considerable convenience and substantial consumer value.
There is a clearly long road ahead circularity achievement, regarded as a key role for sustainability success. In fact, the circular economy conceptualizes an incremental process of rdefini9ng the relationship between economic activity and growth, on one side, the consumption and disposal of finite sources, on the other
In addition, growing consumer interest will continue to drive stakeholder attention to plastic packaging sustainability issues.
According to a National Geographic publication from 2017, more than 91 percent of the plastic waste produced globally is not recycled. The same publication states that in 2018 more than 8,300 million tons of plastic have been produced globally since the mass production of plastic began. Around 6.3 billion tons of this waste ends up in landfills, oceans and rivers. If this is not stopped, landfills will contain 12 billion tons of plastic waste by 2050.
It is a universally acknowledged truth that plastic waste collection and recyclability are regarded as the key of sustainability across waste management techniques. When it comes to plastic waste management, unfortunately, plastic labelling is often unclear. This point is illustrated by how consumers expect packaging to have an active sustainability component, such as being recyclable, compostable or even made with already recycled materials or made from renewable sources. In the same way, people’s concern claims towards less plastic used as well as lower environmental impacts. In fact, consumers are often unsure of how and what to recycle, resulting in apathy and frustration.
Although sustainability is the goal, eliminating plastic packaging is quite complicated. The reasons that explain this statement are related with the material itself. This means that durability makes plastic ideal for packaging and at the same time, effectively non-biodegradable.
Plastics comprise a vast set of high performance, versatile materials., providing tangible values to consumers:
- Safety & protection
For these reasons, plastic packaging plays an indispensable role within food and healthcare industry among other sectors.
The lack of control that has led to the massive use of plastic has led many international environmental organizations to demand a legal framework in this regard. An example of this is the ban on single-use plastics or encouraging companies to promote the manufacture and use of plastics with a high percentage of recycled raw materials. Without forgetting that the brands take responsibility for their containers, packaging and packaging.
Plastic companies will need to continue making major modifications to their products by investing in Research & Development & Innovation (R&D&i) programs across technology manufacturing as well as integrating within their Environmental Social and Governance (ESG) performance all their stakeholder concerns.
In these terms, sustainability will also likely factor into future merge and acquisition (M&A) decisions and drive-up multiples for targets that have made appropriate investments.
It is also necessary to take into account when opting for this type of (sustainable) process that the economic factor, this must have a competitive price with respect to traditional single-use packaging options.
Last but not least, one significant opportunity is to encourage consumers to route problem materials into the proper streams, thus preventing improper diversion, discarding recyclable materials such as cans in the rubbish bin, textile and yard waste.
Find out how ALLCOT Group can help you with your sustainability and waste control strategies.
Mahindra Racing first Formula E team and FIA World Championship entrant to be certified net Zero Carbon Footprint since inception
- The most sustainable team on the grid becomes the first Formula E outfit and first FIA World Championship entrant to be certified Net Zero Carbon footprint
- Pledges to the UNFCCC Sports for Climate Action Framework
As it continues its vital sustainability work at pace, Mahindra Racing is pleased to announce that it is the first Formula E team, and first FIA World Championship entrant, to be certified Net Zero Carbon footprint since inception. The certification has been approved by the ALLCOT Group for carbon emission offsetting for the entirety of the team’s existence.
The emission allowances have been marked for permanent removal from the pool of offsetting credits at the Environmental Registry on behalf of the team’s chosen REDD+ Project.
Established in 2009, ALLCOT is a leader in greenhouse gas (GHG) emissions management tools and strategies for businesses of all sizes. By neutralizing GHG emissions, Mahindra Racing is not only able to protect the environment, but also provide community benefits that enhance profitability and brand value, increase employee satisfaction, to combat the climate crisis under Article 6 of the Paris Agreement, which is aligned with the UN 2030 Agenda, and promote the United Nations Sustainable Development Goals.
The REDD+ project protects 177,899 hectares of high conservation value rainforest in the state of Pará, Brazil and will prevent net emissions of >20 million tCO2e over the project lifetime. It is a registered Code REDD+ project; is validated and verified against VCS and in 2012 attained CCBA Gold level accreditation. This project protects threatened tree species like the pau rosa (Brazilian rosewood), provides jobs in forest management and monitoring, supports education in agro-forestry techniques to enable the community to grow cash crops, protects at risk animals like the Giant Anteater, Golden Parakeet and Ka’apor Capuchin Monkey and provides secured land tenure to villages committed to conservation.
In addition to Mahindra Racing’s Net Zero Carbon benchmark, it is also pleased to announce it has pledged to the UNFCCC Sports for Climate Action Framework alongside the FIA and Formula E. This initiative aims at supporting and guiding sports actors in achieving global climate change goals.
By committing to the framework, Mahindra Racing has pledged to five key principles; to undertake systematic efforts to promote greater environmental responsibility, to reduce overall climate impact, to educate for climate action, to promote sustainable and responsible consumption and to advocate for climate action through communication.
These new achievements add to the team’s previous sustainability endeavours including:
- Becoming the first Formula E team in history to receive Three-Star Accreditation– the highest accolade in the FIA’s framework.
- Committing to planting trees in the Araku Valley region of India thanks to its Season 6 tree planting campaign. Mahindra Racing’s efforts are in tandem with Mahindra Group’s commitment which has a commitment to plant 1 million trees every year
- Partnering with One All Sports as its team kit supplier; a natural choice due to their shared vision and dedication to the use of sustainable materials, applications and processes.
“We believe that ‘doing good’ goes beyond philanthropy and CSR, it is more than just random acts of kindness. ‘Doing good’ is a purpose, an attitude, and a way of life; it is our guide for conducting business and ourselves. As a team that is committed to finding credible, advanced and next generation mobility solutions while being kind to the planet. At Mahindra Racing, we pledge to greater ROCE, which, for us, stands for Return On Climate and Environment. This is ingrained into our ethos and a big part of the reason we are racing in Formula E. We have been on this path of reducing our impact on the planet since our birth in 2014 and six years later we are carbon neutral since inception. We are also certified with Three-Star Excellence in sustainability. To this end, our efforts are and will continue to be, in tandem with Mahindra Group’s commitment and quest to achieve group-wide carbon neutrality. We look forward to kickstarting season 7 with ROCE as our guiding principle, towards setting innovative, competitive yet sustainable mobility benchmarks for the world.”
Dilbagh Gill, CEO and Team Principal.
“It is a great achievement for Mahindra Racing to become certified net zero carbon since inception. Mahindra Racing has become a leader in sustainability across the sporting landscape and promotes sustainable business practices across their supply chain. As the first Formula E team to attain FIA Three-star Environmental Accreditation and the most recent team to sign the UNFCCC Sports for Climate Action Framework, they are the perfect partners in the fight against climate change. The first manufacturer to join the Formula E grid and now the first to commit to Gen3, we’re delighted to have a long and ongoing relationship with another organisation so aligned to our vision and values.”
Jamie Reigle, CEO, Formula E.
“We are very proud and excited to be part of the Mahindra Racing sustainability team. Mahindra’s values and beliefs echoes our own. Sustainability or good management through Sustainable Development Goals are at the heart of Mahindra’s drive. It translates into these great achievements that we hope will inspire and lead to a virtuous competition among its pairs. Regardless, it sets great precedents that we aim to continue working and exceed whenever possible”.
Alexis Leroy, CEO, ALLCOT Group.
The role of Sustainable Development Goals (SDGs) in the new generation of comprehensive corporate reporting
Written by Andrés Melendro, Sustainability Manager.
The private sector’s progressive adoption of the SDGs
Ever since Agenda 2030 was released in 2015, the UN Global Compact and more recently UNDP through its SDG Impact initiative have been eager to find ways to embed the SDGs in the DNA of the private sector’s sustainability disclosure. In fact, reaching such ambitious and transversal goals requires private commitment reflected by companies’ consistent actions to progress against the SDGs.
As a result, sustainability standard-setters, which aim at harmonizing the way companies disclose their impacts -positive or negative- on people, the planet and prosperity have naturally taken up the challenge of including the “SDG language” in their requirements.
Tearing down the Berlin wall between financial and sustainability reporting
In parallel, as sustainability gains recognition as a key set of variables directly impacting market risk and business valuation, financial standard-setters like the IFRS Foundation have also been trying to connect the dots by integrating sustainability into their reports.
These two major evolutions of corporate reporting are highly visible in the recent “Statement of Intent to Work Together Towards Comprehensive Corporate Reporting” written by the main sustainability standard-setters and framework creators (CDP, CDSB, GRI, IIRC and SASB). This declaration is a major landmark in the 30-year long history of sustainability reporting. As corporate (financial and sustainability) standard-setters reinvent their frameworks to make them compatible or even to unify them and put an end to the “alphabet soup of metrics”, referring to the multiplicity of standards and the complexity of navigating them all. ALLCOT strongly supports this initiative and argues that this is the right timing to fully articulate corporate reporting with the SDGs.
Comprehensive corporate reporting should erase the conceptual wall lying between sustainability and financial reporting, but also make sure transparent disclosure of present impacts is complemented by ambitious goal-setting.
The rationale for embedding the SDGs in comprehensive reporting
Sustainability disclosure standards are meant to gather precise, consistent and comparable company-reported information which shareholders and stakeholders, such as clients, potential employees or investors can use to make decisions about the company.
In the current trend towards ESG (environment, society and governance) standards and metrics consolidation, it can seem paradoxical to advocate for the inclusion of an additional framework, the SDGs. In fact, the SDGs are not completely equivalent to other sustainability or ESG frameworks. First, besides metrics SDGs are a call to action, to track progress toward common and absolute goals, beyond just making public information about current performance. Second, the SDGs enable companies to better account for their dependency on people and planet by focusing on external stakeholders. That dependency must also be linked to financial information.
From market-based to planet-based benchmarks
Sustainability ratings systems and rankings, such as the CDP, classify companies by comparing them to their peers. These benchmarks are useful, yet they lack an absolute view of what must be achieved to achieve sustainable development. In the SDG logic, ambition must be absolute rather than relative to current company and industry performance. Initiatives such as Science-based targets and Future-fit business are aligned with the view that systemic conditions should define the thresholds within which society and business must operate to maintain a planetary balance.
ALLCOT’s SDG services aim at shifting business practice from just quoting a general qualitative alignment with SDGs or using the SDGs to report current activities differently, by translating sustainability information to the “SDG language”, towards using them to set ambitious goals. This way sustainability can be embedded into decision making, as advocated by the SDG Impact Standards and certified by their SDG Impact Seal. The time has come for the new generation of comprehensive corporate reporting that recognizes that no enterprise can create value in the 21st century if it ignores the wellbeing of the social and natural systems upon which it relies.
ENGRAW contracted ALLCOT Group’s services for the ENGRAW’s 2019 Carbon Footprint report as part of its sustainability strategy.
ENGRAW is a company highly aware of caring for the environment. Its activity consists of processing mulesed-free Uruguayan wool, produced by healthy sheep and following the best livestock available practices. For the 2019 financial year, ENGRAW has decided to calculate its Carbon Footprint for the first time by turning to the expert company in Sustainability Services, ALLCOT Group.
The Carbon Footprint is calculated to know the amount of greenhouse gases (GHG) that are emitted directly or indirectly into the atmosphere as a result of the company’s activity. When referring to the carbon footprint of a company and the emission sources that are analyzed in its calculation, we use the term ‘scope’, classifying it into scope 1, 2 and 3. The scope of the calculation can be more or less ambitious depending on the interests of the company.
ENGRAW, being a company with a strong environmental commitment, has decided to calculate its carbon footprint at the corporate and factory level, covering the 3 scopes as follows:
- Scope 1: GHG emissions associated with the direct consumption of fossil fuels for the operation of internal machinery, as well as the supply and treatment of water necessary for the development of production: boilers, forklifts, and utility vehicles.
- Scope 2: indirect GHG emissions associated with the generation of electricity acquired and consumed by ENGRAW facilities. However, as this electricity was generated by its own wind turbines, these emissions were not accounted for.
- Scope 3: Other indirect emissions such as water consumption and treatment, travel, accommodation, and waste.
On the other hand, ENGRAW has allocated part of its facilities to a tree plantation that is irrigated with treated effluent water from the company’s mill. ALLCOT Group, as an expert developer of climate change mitigation projects, has calculated the total equivalent tons captured from the atmosphere by this plantation, proving that not only does it contribute to the water reuse process, but that the plantation itself acts as a CO2 capture mechanism, mitigating ENGRAW’s environmental impact.
As an objective for 2021, ENGRAW will include in the scope of its next Carbon Footprint report its suppliers of wool raw material. In this way ENGRAW increases its ambition towards its goal of becoming a carbon neutral company.
NOTE FROM FEDERICO RAQUET- Managing Director of Engraw
Last but not least, we applied for the green export award in Uruguay a few weeks ago. Your report was submitted to endorse our environmental impact. Last week we were awarded the prize as the most environmentally friendly large export company in Uruguay. So thank you for your contribution to this achievement that made us very pleased.
Written by Wilson Rangel Sustainability Consultant.
According to the report, ‘Approaching the Future 2020’, the commitment of companies to the 2030 Agenda has increased progressively over the last 5 years, being today the third most relevant trend for the executives consulted.
Among other data, about 41% of the companies are already working on the Sustainable Development Goals, and 60% claim to have defined the SDG on which they will focus their contribution to 2030 Agenda. These data reflect the growing interest in the corporate world to generate investment to achieve an impact on the SDG.
Despite this, institutional transformation has been slow to align business resources into effective actions to meet these ambitious global goals by 2030. In fact, a recent UN report points to an urgent need to modernize the global financial system in order to meet the SDG.
Indeed, the United Nations Conference on Trade and Development (UNCTAD) in 2019 discussed the need to increase financing to meet the ODS. Neverlethless, the key point is to make the best use of these resources, and the efficiency of these resources per se can help attract more resources.
For this reason, several international organizations have promoted Impact Evaluation as an effective way to provide scientific evidence of the impact of social investments on SDG. In Latin America in particular, the IDB Group uses Impact Evaluation to close knowledge gaps and build more effective investment models, with a view to increasing the efficiency and scale of investments that work best.
Corporate results frameworks, Impact Evaluations, and other tools help assure governments, aid funds, donors, and investors that the money has a tangible impact. In this way, social investment resources can be focused on the projects that have the greatest impact on SDG.
The ambitious goals of the Sustainable Development Goals have become a major challenge to meet. For this reason, the participation of the various stakeholders in society is fundamental: Governments, NGOs, companies, civil society. ALLCOT as an organization focused on climate change and sustainability services has managed to properly identify the structural conditions of the current market and understand that the key point is to increase resource efficiency.
ALLCOT has a portfolio of services focused exclusively on organizations that are interested in working on Sustainable Development Goals. In particular, these services are focused on efficiently managing the resources of the organizations and generating the greatest possible impact.
For organizations that are in an early and intermediate stage, ALLCOT provides advice for SDG Mapping, understanding what the impact of the organization’s business model with ODS is. It also helps organizations SDG Quantify in their business model. Finally, it supports organizations in managing the impact on SDG through an Improvement Roadmap.
On the other hand, for organizations that are at a mature stage and make social investments in particular programs, ALLCOT provides advice on measuring impact on SDG, and thus helping organizations to efficiently invest their resources in the right programs.
Achieving the ambitious Sustainable Development Goals of 2030 Agenda is a major challenge for society at large, but the best way to meet the challenge is to use all resources in the most efficient way. This ensures that the resource is generating the greatest possible impact.
Veloce Racing becomes first Extreme E team to commit to net-zero carbon target as it joins forces with ALLCOT Group
- Veloce Racing leading the net-zero carbon charge in pioneering all-electric off-road series.
- Team aiming to drive change in motorsport industry by joining forces with sustainability solutions provider.
- ALLCOT to measure and help offset all of team’s pre and in-season carbon production.
Strengthening its resolve to lead the way both on and off the track during the inaugural campaign of Extreme E next year, Veloce Racing has become the first of the innovative electric off-road series’ teams to announce a carbon offset partner, after reaching an agreement with ALLCOT Group.
ALLCOT is a global authority in carbon-offsetting and sustainability initiatives, and teamed up with Extreme E in September with the goal of achieving a net-zero carbon footprint by the end of the championship’s first season.
With environmental sustainability at the very heart of Veloce Racing’s core values – as one of the London-based outfit’s four main pillars, alongside gender equality, automotive electrification and engaging new audiences through esports – the team was eager to make a similar commitment and is the first Extreme E entrant to take this significant step.
The agreement will see ALLCOT measure and help Veloce Racing to offset all of the carbon produced from the moment that the team signed up to compete in Extreme E in September, 2019 – covering the full build-up to the series’ maiden campaign as well as the entire season of racing next year.
Veloce Racing is firmly focussed on its net-zero carbon objective stretching into 2021 and beyond, and in ALLCOT, the team has the perfect partner. The organisation’s tireless work to reduce carbon emissions directly supports the United Nations’ Sustainable Development Goals, which call upon governments, businesses and communities to protect the planet and put an end to poverty.
In addition to its carbon offset pledge, Veloce Racing’s sustainability credentials will be further enhanced by Extreme E’s environmental ethos. All competing cars will be 100% electric, zero-emission vehicle charging will use Hydrogen Fuel Cells generated by water and solar energy, limited team numbers will be permitted on-event and all freight and logistics will be transported to race locations by boat, which it is estimated will reduce carbon by two-thirds in comparison with air travel.
Daniel Bailey, CEO, Veloce Racing, commented:
“Partnering with ALLCOT Group is a significant moment in Veloce Racing’s journey. Ever since our organisation was founded, we have prided ourselves on being pioneers and leading the way amongst our peers – and sustainability has always been one of our three core pillars.
“ALLCOT Group’s philosophy perfectly matches our own, and offsetting all of our carbon emissions from the moment we joined Extreme E over a year ago is a key element of our participation in this unique championship. We are fully committed to playing our part in the preservation of our planet – and we look forward to working closely with ALLCOT Group to achieve our net-zero carbon objective.”
Alexis Leroy, CEO, ALLCOT Group, commented:
“This landmark partnership with Veloce Racing is a great opportunity to open the path to sustainability leadership not only with Extreme E but also with its main stakeholders, the teams.
“We welcome Veloce Racing’s leadership and look forward to showcasing impacts compensation beyond greenhouse gas. Working hand-in-hand with Veloce Racing in that respect will allow us to send a strong message within the world of motorsport as we hope this initiative will build traction among its peers.”
The 2021 Extreme E season is set to begin in Al-Ula, Saudi Arabia (20-21 March) before moving on to Dakar, Senegal (29-30 May), Kangerlussuaq, Greenland (28-29 August), Para, Brazil (23-24 October) and Tierra Del Fuego, Argentina (11-12 December).
Veloce is a London-based organisation that focusses on disruptive areas of the sports and entertainment industries – specifically, esports and sustainable, EV motorsport. The brand comprises established professional gaming organisation, Veloce Esports and Extreme E outfit, Veloce Racing with both teams falling under the overarching Veloce umbrella. As a whole, the business occupies the fastest-growing sectors in motorsport.
Veloce Racing was born from Extreme E’s vision of sustainability-focussed, content-rich and gender-equal sport. The team’s remarkable leadership line-up is spearheaded by legendary Formula 1 designer Adrian Newey and Formula E Champion and ex-Formula 1 driver Jean-Éric Vergne. They are joined by a host of other industry entrepreneurs and innovators who are eagerly awaiting the start of the inaugural 2021 season. Extreme E is an innovative new motorsport championship that sees electric SUVs going head-to-head in areas of the world that have been damaged by climate change or environmental issues.
The Veloce Esports’ driver stable includes many high-profile drivers, influencers and teams from across the globe. Among them are the official McLaren Racing, Alfa Romeo, Sauber and YAS HEAT esports programmes as well as YouTube sensations Tiametmarduk, Aarava, Xpertgamingtech and Lando Norris’ Quadrant channel to name but a few. The organisation’s digital broadcast network, across its various channels, generates in excess of 130 million views per month.
ALLCOT is a veteran project developer offering knowledge, expertise, and management to initiatives that reduce greenhouse gas (GHG) emissions to actively combat the climate crisis under Article 6 of the Paris Agreement is aligned with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs).
ALLCOT is a leading actor in the climate and sustainability impact markets and is recognized as one of the established companies in the sector that has been building a strong reputation in environmental project development and the development of corporate sustainability services in their home and emerging markets. Developing their own emission reduction projects, ALLCOT supports companies and public bodies to improve their sustainability performance by offering consulting services under various carbon quantification standards (CDM, VCS, GS) and for various sectors (forestry, waste, renewable energy, transport, sports) covering the entire carbon credit value chain for its later management in the markets created under the Paris Agreement.
Written by Karen Vega, Business Development Specialist.
Times are hard all over the world because of the social, health and economic crisis caused by the pandemic. In these times of great uncertainty and in this critical economic situation, the wine sector, along with other agricultural sectors, will have to intensify their environmental efforts in line with the European Green Pact and the ‘From Farm to Fork’ and Biodiversity strategies.
The European Green Pact establishes an action plan for:
- Encourage efficient use of resources by promoting practices towards a clean and circular economy.
- Restore biodiversity and reduce pollution.
Many winegrowers and their cooperatives have been strengthening their sustainability policies in recent years, placing great emphasis on the mitigation of their emissions. Viticulture is an essential part of rural ecosystems and offers a range of benefits that go far beyond wine production. However, in order to achieve the objectives of the European Green Pact, viticulture must have the opportunity to invest in the protection of its natural resources and have adequate guidance and support from government institutions.
Among the main advantages and benefits of the implementation of sustainable practices are: increased energy efficiency, access to specific financing programs for sustainable products, improved commercial image, mitigation of economic risks due to future legislation, transparency and increased confidence of their stakeholders and cost optimization throughout the value chain.
Main SDGs involved in the wine sector:
|Companies can have a great positive impact on society by promoting responsible consumption and a healthier lifestyle. On the other hand, they must also improve working conditions throughout the labor chain, ensuring the physical and emotional integrity and safety of their workers.|
|Promote and invest in content of interest related to the wine sector and sustainable lifestyles to ensure access to employees with skills that meet future business needs.
Also the realization of internal training plans that help to improve the awareness and efficiency of employees.
|On the one hand, implement training and support programs and, on the other hand, invest in the integration of technology into agricultural systems as a key facilitator to create opportunities for women to participate in viticulture and at the same time fulfill family responsibilities.|
|Apply precise agricultural technologies that enhance productivity and minimize water use. This includes drip irrigation systems, water quality control, efficient crop rotation and field application methods, waste control, efficient use of water both for grape washing and at the infrastructure level, etc. This also enhances the resilience of the sector to imminent climatic variations such as drought.|
|Sustainable initiatives in the wine sector include the adoption of measures that ensure decent, fair and inclusive work: fair labour contracts, flexible working hours, breaks, eradication of child labour. On the other hand, especially in these difficult times, we must promote the creation of synergies with other sectors such as tourism and hotels.|
From the point of view of infrastructure, seek investment to support the development of agriculture and markets that include water, connectivity/technology, roads, storage logistics, etc. In this way, the social and technological occupation and development of agricultural areas is promoted.
Wine, being an agricultural product with high added value, is an economic activity that contributes significantly to the establishment of population in rural areas. Its good practices can safeguard the natural heritage of the surrounding areas, promote urbanization and transport plans, improve air quality in the surrounding communities, etc.
Organic farming is the most responsible way to produce food. It is necessary to put in value the commitment to ecological viticulture and sustainable production: to promote recycling, the reuse of organic material either in the manufacture of compost or in the generation of energy from biomass, etc.
Reducing the environmental footprint by implementing new practices and technologies such as the use of renewable energy, reduction of logistic flow, optimization of water use, reduction of greenhouse gases and other pollutants, among others. On the other hand, the cultivation hectares are also used for projects to fight climate change such as CO2 sequestration.
The absence of systemic pesticides and herbicides allows and favors a rich variety of both plant cover and insects and birds in the organic vineyard.