Breckinridge Takes Steps to Reduce Carbon Footprint
Breckinridge just purchased 195,339 kilowatt hours (kWh) of renewable energy credits (RECs) to offset 100 percent of its estimated electricity use, and 307.96 metric tons of carbon offsets through Renewable Choice Energy.
BOSTON – April 13, 2015 – Breckinridge Capital Advisors today announced that it has purchased 195,339 kilowatt hours (kWh) of renewable energy credits (RECs) to offset 100 percent of its estimated electricity use. In addition it has purchased 307.96 metric tons of carbon offsets. The offsets were purchased through Renewable Choice Energy, a leading global provider of products and services that help companies understand and reduce their climate impact.
The purchase of these offsets aligns with Breckinridge’s commitment to address sustainability companywide, and to formally integrate ESG assessments into its business operations. Three committees – Environmental, Social and Governance - form the venue for sustainability to permeate the Breckinridge culture, and work to define and creatively address the significant sustainability issues the company faces.
Carbon offsets, also known as verified emission reductions (VER), are a way for companies like Breckinridge to counterbalance their greenhouse gas emissions and move towards carbon neutrality. Operational activities such as employee commutes and business travel generate emissions that make even the most efficient organizations unable to reach carbon net zero. The purchase of offsets supports projects that work to remove greenhouse gas emissions from the atmosphere or stop them from being released altogether, such as landfill methane capture.
RECs are the way green power is tracked and traded in North America and are used and recognized by thousands of leading organizations to reduce carbon emissions. Purchasing RECs at the same quantity as electricity consumption guarantees that the energy a company uses is added to the power grid from a renewable energy facility. RECs purchased by Breckinridge support the development of wind farms, the fastest growing form of electricity generation in the US.
In addition to working with Renewable Choice, Breckinridge partners and collaborates with other leading industry organizations to promote corporate responsibility and environmental awareness. Some of these partnerships include CERES Investor Network on Climate Risk (INCR), Carbon Disclosure Project, Sustainable Accounting Standards Board (SASB), STAR Communities, and Association for the Advancement of Sustainability in Higher Education, Sustainable Investment Research Analyst Network, US Social Investment Forum (SIF), Boston Area Sustainable Investment Consortium, and Boston Area Sustainable Group.
To learn more about Breckinridge’s corporate responsibility efforts, please view its full 2014 corporate sustainability report here.
Breckinridge Capital Advisors is a Boston-based investment advisor specializing in the management of high grade fixed-income portfolios for institutions and private clients. Working through a network of investment consultants and advisors, Breckinridge offers municipal, corporate, government and sustainable bond strategies in customized separate accounts.
For further information on Breckinridge, please visit our web site at www.breckinridge.com
About Renewable Choice Energy
Renewable Choice Energy is a leading global provider of products and services that help companies understand and reduce their climate impact. The company offers a broad portfolio of solutions, including Green-e® certified renewable energy credits and carbon offsets, sustainability consulting, and strategic renewable energy advisory services. Recognized as a trusted partner to thousands of major brands, municipalities, universities, green buildings, and small-to-medium enterprises, Renewable Choice received the Green Power Supplier of the Year award from the U.S. Environmental Protection Agency in 2012 and 2014 and is a certified B Corporation. To learn more, visit www.renewablechoice.com.
Katie Pierce, Breckinridge 617.443.1120 firstname.lastname@example.org