To address climate change, it’s essential to both cut CO2 emissions but also remove CO2 from the atmosphere over the long term. That’s why we’ve teamed up with TREEO, a start-up that helps farmers plant trees and remove carbon dioxide from the air.
In 2021, we measured the carbon footprint of our operations (Scope 1, 2, and 3) and conducted a LCA (Life Cycle Assessment) for karuun® stripe. In 2022, we revisited our overall environmental impact. Our focus is on not just reducing carbon dioxide emissions but also actively removing carbon dioxide from the atmosphere. That’s why we’re introducing our carbon removal portfolio with TREEO in 2023, a move that furthers our commitment to being a climate-conscious company. To achieve our climate goals, we must achieve net-zero CO2 emissions. The TREEO start-up is a major step in this direction by connecting Balancers with tree growers.
“We believe that active environmental protection can only be successful if it benefits local communities.”
Felix Grüneberger, CEO
Photo: Single tree monitoring, Indonesia
karuun® and TREEO share a common mission: to protect the rainforests that are vital for rattan growth and biodiversity. TREEO’s reforestation start-up, including the one at karuun’s Indonesian production site, are actively working towards this goal.
“Preserving our rainforests is essential to both combat climate change and protect biodiversity. To meet this enormous challenge, we need to reduce greenhouse gas emissions, protect habitats, and implement sustainable land use practices. As a company, we are addressing this challenge by purchasing high-quality and transparent CO2 removals from TREEO’s reforestation projects. We are thrilled about this partnership and the potential synergies between our Nature Tech Material karuun® and TREEO,” said Stefan Baumann, Chief Representative Officer of out for space.
In the past, the complex administrative processes made it difficult for smallholders looking to join the carbon market. TREEO helps them do this by making them asset holders. The TREEO app uses satellite imagery and machine learning to calculate the biomass and stored carbon of each tree with 95% accuracy. This assures verified data, enhancing credibility and transparency in the voluntary carbon market. For farmers, this means multiple income streams: annual CO2 payments, crop sales, and timber sales. This gives them a long-term financial future for their land.
Photo: Tree scanning TREEO card and large trees monitoring in Lahan Sirad Imbo, Indonesia
Photo: Johannes Schwegler, CEO TREEO
“After seven years of planting trees in Indonesia and Uganda, Fairventures Worldwide gGmbH faced a recurring challenge:
How can we accurately measure our impact and report it transparently to our team, partners, and donors?
You’ve probably seen estimates of how many trees we need to plant worldwide to remove a given amount of CO2 from our atmosphere. However, these estimates are not always accurate or reliable. Where do these numbers come from and how are they calculated? How can we scale up carbon removal and make reforestation a sustainable business for farmers? In 2021, TREEO | Fairventures Digital GmbH was founded as a tech spin-off from Fairventures Worldwide gGmbH, both with headquarters in Stuttgart, to address this challenge. This partnership will allow us to expand our reforestation and carbon removal efforts, while also supporting tree growers in their work.”
The climate protection project promises to contribute to the following UN Sustainable Development Goals (SDGs)
Climate protection projects aim to make a valuable contribution in the fight against global warming. At the same time, they are intended to promote sustainable development in the region by improving the living conditions of local people or by contributing to the conservation of biodiversity.
A globally recognized benchmark by which positive effects are measured is the United Nations’ 17 Sustainable Development Goals (SDGs).