Boston, MA., June 23, 2006 - Carbonfund.org today announced that its newest partner, Walden Asset Management a socially responsive investment leader for more than 3 decades, has offset its carbon footprint. This practical step highlights Walden Asset Management’s commitment to be a leader in the investment community.
Walden Asset Management serves a client base that is deeply involved on issues that impact society. Considering the implications of climate change, carbon offsets through Carbonfund.org are a natural extension of the work Walden Asset Management does daily on behalf of its clients.
“At Carbonfund.org, we realize that the investment community has a large part to play in the fight against climate change” said Eric Carlson, president of Carbonfund.org. “We are glad to see that investment firms are engaged on this issue and are excited that Walden Asset Management has partnered with us to offset their company carbon emissions.”
Tim Smith, Walden’s Director of Socially Responsive Investing, stated, “Offsetting our own greenhouse gas emissions fits with Walden’s work as a socially responsive investment firm. On behalf of our clients, we advocate that companies address greenhouse gas emissions and climate change. It is fair to expect, then, that we take comparable steps.”
Carbonfund.org is a non-profit organization whose goal is to make carbon offsets and climate protection easy, affordable and a normal way of life for every individual and business. Carbon offsets enable individuals and businesses to reduce carbon dioxide emissions in one location, where it is cost effective, to offset the emissions they are responsible for in their normal activities, like home, office, driving or air travel emissions. For instance, a clean, zero CO2 wind farm can offset the carbon dioxide produced by a coal-fired power plant. Carbonfund.org has offset 200 tons of CO2 on behalf of Walden Asset Management. By supporting renewable energy, energy efficiency, and sequestration projects Carbonfund.org will retire an equivalent amount of carbon offsets. The financial support from these offsets will then help to continue the development of clean, renewable domestic sources of energy.
About Walden Asset Management
Walden Asset Management (http://www.waldenassetmgmt.com) is the socially responsive investment division of Boston Trust & Investment Management Company. Founded in 1975, Walden has been a pioneer in socially responsive portfolio management on behalf of individual and institutional clients. Walden blends a disciplined investment style and expertise in social screening with a commitment to using its leverage as an investor to improve corporate social performance. The Carbonfund.org partnership encompasses the greenhouse gas emissions of both Walden and Boston Trust & Investment Company.