Carbonfund and Ceres Launch Joint Carbon Offset Program

Carbonfund and Ceres Launch Joint Carbon Offset Program

Carbonfund, a nonprofit organization dedicated to reducing the threat of climate change, and Ceres, a U.S. national network of investment funds, environmental organizations, and other public interest groups focused on responsible business, have launched a joint carbon offset program.

"For years, we have extracted a cost on our environment that has never appeared on company financial statements. The time is now to begin to address this discrepancy," said Mindy Lubber, president of Ceres.

Carbonfund allows individuals and companies to calculate their carbon emissions for home, business, commuting, and air travel and then donate to offset the impact they have on the environment and climate change. The new Ceres Offset Program encourages companies that already own carbon to donate it to Carbonfund for permanent retirement to showcase their corporate environmental commitment and receive a tax deduction for the donation. Carbonfund then supports a variety of carbon reducing projects, including renewable energy, energy efficiency and sequestration that remove the equivalent carbon dioxide from the atmosphere. Ceres will also receive a portion of all donations made under this agreement.

"This is a natural expansion of Carbonfund's audience, and we are thrilled to start this effort with Ceres," said Carbonfund president Lesley Marcus Carlson. "Ceres is a great organization with great reach to corporate leaders and the values the Ceres coalition adheres to and promotes highlights the need to address climate change and corporate responsibility."