Carbonfund.org seeks to partner with businesses that subscribe to the same mission of solving the climate crisis. The goal of achieving a clean energy future is more complex than simply meeting carbon emission reductions targets. Any solution needs to be sustainable, and sustainability is one of the cornerstones of Carbonfree® business partner TCX Investment Management Company.
The global TCX Fund provides protection and risk control against currency devaluation in frontier market currencies for major development finance institutions to microfinance institutions and other institutions investing in the communities of many emerging market countries, such as Cambodia, Kenya, Bangladesh, Mongolia, Peru, and Vietnam. This translates into providing a mechanism to absorb the risk of extreme currency value fluctuations so these institutions can assist local businesses with the startup funding they need. TCX is able to make real contributions to sustainable development and to improving the living standards in communities in some of theleast developed countries on our planet.
TCX maintains a Sustainability Policy requiring that the businesses they assist also meet environmental sustainability goals.A key tenet of the TCX policy maintains that any projects receiving funding should pursue development for the needs of the present population without impairing the ability of future generations to meet community needs. All projects are expected to include pollution prevention and abatement, biodiversity conservation, and sustainable natural resources management.
Carbonfund.org and TCX have partnered to help TCX reach its own operational emission reduction goals. In the past three years, TCX Investment Management has neutralized a total of almost 460 metric tonnes of greenhouse gas emissions created by its annual operations – the equivalent of removing 82 passenger vehicles from the road for a year – in part by supporting Carbonfund.org’s renewable energy projects."We chose Carbonfund.org because of their verified programs, pricing and easy-to-use customer friendly services," confirms Bill Piccolo, Operations Manager for TCX.
TCX’s operational emissions neutralization program supports Carbonfund.org’s renewable energy projects, and in doing so, enhances air quality and promotes new technology development that will continue to reduce carbon emissions and hasten the transition to a cleaner energy future. Carbonfund.org looks forward a continued partnership with TCX in pursuingthe paired goals of sustainable development and environmental stewardship.