Guardian Capital Group becomes founding member of The Pond Foundation, will balance annual carbon emissions firm-wide beginning in 2022
April 22 2022 - 6:42AM
Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A),
announced today that it has joined The Pond Foundation as a
founding member. The Pond Foundation is a non-profit organization
whose mission is to change the way the world acts on climate
change. Their signature climate action program, My Carbon Zero, was
created to inspire people and organizations to take their own
strong, credible climate action.
As part of this partnership, Guardian and all of
its subsidiaries will balance their annual carbon emissions from
2022 onwards, both by reducing their own emissions and by investing
in external, nature-based projects which remove carbon from the
atmosphere.
“At Guardian, we often talk of the opportunity
we have to enrich lives together, which is why we are so excited to
serve as a founding member of The Pond Foundation,” said George
Mavroudis, Guardian’s President and Chief Executive Officer. “Not
only will they help us sharpen our focus in reducing our own
emissions, but we feel very fortunate to have the opportunity to
invest through them in projects around the world that are making a
difference.”
“We are thrilled to have Guardian as a pioneer
founding member committed to the strong, credible climate action
The Pond Foundation proposes,” said Scott Poynton, Founder and CEO,
The Pond Foundation. “They’ve committed to being carbon zero from
this point on, and have put their money where their mouth is by
investing in our high-quality, nature-based projects that remove
all their current year’s carbon emissions from the atmosphere
immediately. In addition to the climate benefits, these projects
generate huge co-benefits for community livelihoods, biodiversity
conservation and the environment more generally. We are incredibly
enthusiastic about all of the good that we can do together.”
Guardian’s commitment to investing in projects
that remove carbon from the atmosphere is initially focused on four
organizations:
- Ricehouse - Promotes the circular
economy from the field to the house with rice-based construction
material.
- Husk Ventures - Produces
carbon-based fertilizers and natural pesticides for smallholder
farmers in Asia, transforming rice-husk into biochar products to
regenerate soils, increase smallholders’ revenues and sequester
carbon.
- Wild Asia - Improves soil health
and livelihoods by promoting climate-smart, regenerative
agricultural practices through the production of biochar by
smallholder farmers.
- Tanoe-Ehy Forest - Improves
livelihoods and governance structures for local people, protects
critical habitats and biodiversity, helps to crack down on illegal
logging and bushmeat hunting, and more.
While Guardian’s immediate focus is on balancing
its annual carbon emissions, the firm is also looking at
implementing the full My Carbon Zero framework and will have more
to announce in this regard in the coming months.
For further information, please contact:
Angela Shim(416) 947-8009
About Guardian Capital Group
Limited Guardian Capital Group Limited (Guardian) is a
diversified, global financial services company operating in two
main business segments: Investment Management and Wealth
Management. As at December 31, 2021, Guardian had C$56.3 billion of
assets under management and C$31.5 billion of assets under
administration. Guardian provides extensive institutional and
private wealth financial solutions to clients through its
subsidiaries, while offering comprehensive wealth management
services to financial advisors in its national mutual fund dealer,
securities dealer and insurance distribution network. It also
maintains and manages a proprietary investment portfolio with a
fair market value of C$752 million as at December 31, 2021. Founded
in 1962, Guardian’s reputation for steady growth, long-term
relationships and its core values of trustworthiness, integrity and
stability have been key to its success over six decades. Its Common
and Class A shares are listed on the Toronto Stock Exchange as GCG
and GCG.A, respectively. To learn more about Guardian, visit
www.guardiancapital.com.
About The Pond FoundationThe
Pond Foundation is a Swiss-based non-profit organization, which
exists to change the way the world acts on climate change. Its
signature climate action program, My Carbon Zero, was created to
inspire people and organizations to take their own strong,
credible, climate action. This means taking responsibility for
their Lifetime Carbon Balance (LCB) – all the emissions they have
put into the atmosphere since their inception if they are an
organization, or since they were born if they are an individual.
They then support them to implement ‘RRRI Actions,’ meaning their
members Reduce their own emissions, Reduce emissions elsewhere,
Remove their LCB from the atmosphere and Inspire others to take
their own My Carbon Zero journey. For more information, please
visit: https://mcz.thepondfoundation.org/ or contact Scott Poynton,
Founder, The Pond Foundation & My Carbon Zero at:
scott@thepondfoundation.org or: +41 79 44 56 277.
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