ESG SPOTLIGHT POST

  • Isobel Lawlor

Velox Capital is now a carbon neutral company

Since the end of 2018 we have been assessing and adjusting many elements of how we operate as a business to be more environmentally conscious. We made significant efforts to measure and reduce our printing, we began to individually offset our business flights and implemented a flexible working policy. All of these things have contributed towards lowering our operating emissions, and whilst we took time to assess the longer term impacts of COVID, it became clearer that some elements just aren’t avoidable, such as office electricity and water supplies, so at the end of last year we accelerated our plan to accurately quantify and offset to become carbon neutral.

Following much research we chose to work with ClimatePartner. It was very important to us that we worked with a company who understood and shared our firm’s values and were able to assist us to complete the calculation in compliance with internationally recognised standards and offset via an international certified carbon offset project.

The last year has clearly operationally looked quite different to previous years due to COVID-19. There has been no business travel and minimal employee commuting however we undertook a calculation of our emissions for the last financial year which included employees remote working as well as the office. We then chose a certified offset project to offset these emissions.

The project we chose to support this year is Plastic Bank, a leading social enterprise who contribute towards 14 of the UN’s Sustainable Development Goals with their work enabling locals in Haiti, Indonesia, Brazil and the Philippines, some of the areas most affected by ocean plastic and its consequences to collect plastic waste and hand it in at local collection points in exchange for money, food, drinking water or school fees. Plastic Bank then recycle the collected plastic and turn it in to raw material for products such as packaging. Because these activities alone do not generate verified emission reductions the offset is done via a wind farm which is a Gold Standard, VER carbon offset project.

Our offset for this year will equate to 71kgs of plastic being stopped from entering the ocean which is equivalent to approximately 3,550 plastic bottles.

Going forward we will endeavour to continue minimising our emissions. Naturally as life begins to return to normal there will be more in-person meetings and office working again, but companies who were lucky enough to be able to continue working undisrupted must not forget how well they functioned with the mass uptake of virtual meetings, no international business travel and no printing throughout the pandemic.




105 views

DISCLAIMER

Velox Capital Partners LLP ("VCP") is an appointed representative of Marble Bar Asset Management LLP “(“MBAM”) which is Authorised and regulated by the Financial Conduct Authority. MBAM act as the sub investment manager for the Velox Fund, with members of Velox Capital Partners LLP seconded to MBAM.

Investing in the Melchior Selected Trust places your capital at risk. This document does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase any shares or any other interests nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract thereof. This document is not directed at you if we are prohibited by any law of any jurisdiction from making the information in this document available to you. Recipients of this document who intend to apply for shares or interests in the Melchior Selected Trust are reminded that any such application may be made solely on the basis of the information and opinions contained in the Prospectus or other offering document relating thereto applicable at the time of subscription, as and when they become available, which may be different from the information and opinions contained in this document. Any views and opinions are of the author and are subject to change. They should not form the basis for any investment decision. We are not soliciting or recommending any action based on this material. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments. You may not rely on this document for the purposes of making an investment decision. All data and statistics are sourced from VCP unless otherwise stated. Performance statistics are not necessarily based on audited financial. Past performance is not necessarily indicative of future results and you may not retrieve your original investment. Changes in rates of exchange may affect the price of units or shares. The Sub-Fund is suitable for professional investors who consider an investment fund as a convenient way of participating in capital market developments. This Sub-Fund is not actively marketed to or suitable for retail investors. The securities referenced in this document have not been registered under the U.S. Securities Act of 1933 (the “1933 Act”) or any other securities laws of any other U.S. jurisdiction. Such securities may not be sold or transferred to U.S. persons unless such sale or transfer is registered under the 1933 Act or exempted from such registration. Such securities may not be sold or transferred to U.S. persons unless such sale or transfer is registered under the 1933 Act or exempts from such registration. Edmond de Rothschild (Suisse) S.A., 18 rue de Hesse, 1204 Genève, was authorised by the Swiss Financial Market Supervisory Authority as Swiss Representative of the Fund. The Paying Agent is Edmond de Rothschild (Suisse) S.A., 18 rue de Hesse, 1204 Genève. The prospectus, the key investor information documents, the articles, the annual and semi-annual reports of the Fund, as well as the list of the purchases and sales which the Fund has undertaken during the financial year, may be obtained, on simple request and free of charge, at the head office of the Swiss representative at the above address.

Where this site contains links to other sites and resources provided by third parties, these links are provided for your information only. Such links should not be interpreted as approval by Velox Capital Partners LLP of those linked websites or information you may obtain from them. Velox Capital Partners LLP has no control over the contents of those sites or resources.