PayJoy is officially a carbon neutral company!
This demonstrates once again that PayJoy focuses not only on responsible lending and social responsibility, but also on our impact on the climate. As a result, we have teamed-up with ClimatePartner to offset our carbon footprint by supporting a project in a country PayJoy operates in.
For this year, our employee-formed Climate Committee elected the forest protection project in Mataven, Colombia, which protects over 1.1 Million hectares of tropical forest, safeguarding its biodiversity, providing education, healthcare, sanitation, food security, nutrition, and further social benefits for over 16,000 indigenous people.
Furthermore, this project aligns deeper with our intrinsic values because it not only improves the living conditions of the indigenous people, including the existing communication tools, but it also promotes a sustainable economical growth.
Moving on, every year our PayJoy Climate Committee will vote towards picking a project in a country where we operate in. We will also drive other sustainability projects here at PayJoy so, please stay tuned for more!
Please see below more details on how we protect more than 1000 hectares of tropical forest.
Learn more about the project.
As the biggest project of its nature (REDD+) in Colombia, it follows a holistic approach to make a lasting change in the behavior towards sustainable practices, forest protection, and conservation.
Some of this project’s main goals are:
- reduce the vulnerability of indigenous territory
- strengthen governance through the local communities
- improve the system of communication and transportation.
- help improve food self-sufficiency for six different ethnic groups
Forests are some of the planet’s most important carbon reservoirs. They also provide and preserve enormous biodiversity. Forest protection projects, like this one, ensure that forests are protected in the long term. Different type of trees store different amounts of carbon per hectare. Particularly high amounts of carbon are stored in the vegetation and soil of tropical swamp forests, primary rainforests or mangroves.
Source: ClimatePartner 1402 · Forest protection
REDD+ = Reducing Emissions from Deforestation and forest Degradation in Developing Countries.