Scenic Group Carbon Offsets

Carbon Offsets

Carbon Offsets

At Scenic, we know that the current climate crisis is not one we can simply “offset” our way out of. Our primary focus is on addressing the way we conduct our business, and striving to emit less per passenger each day, on a collective path to global, net-zero goals.

However, no matter how much we reduce our per-person emissions, our overall footprint will continue to grow as we expand our business. Therefore, while we commit to our core purpose of providing our guests luxury experiences and lifelong memories, we are also determined to find alternative tools to reduce our total environmental impact. One of these tools is carbon removal.

Scenic firmly believes that there is value in purchasing carbon offsets from the right projects and the right provider. These offsets should focus on removal and not avoidance. This is why we have engaged with Klimate.

Who is Klimate?

Klimate was founded on the realisation that a lot of good money is being wasted on bad offsets, and Klimate has made it their mission to help companies do better when they do good. Klimate provides access to high-quality, innovative, and verifiable carbon removal solutions aligned with science.

What is carbon removal?

Carbon removal refers to a suite of activities that lower the concentration of CO 2 in the atmosphere. This is done by removing CO 2 molecules and storing the carbon in plants, trees, soil, geological reservoirs, ocean reservoirs or products derived from CO 2.

How does carbon removal differ from traditional carbon offsetting?

The traditional method of carbon offsetting, based on avoidance, is flawed in many ways. Amongst other things, these offsets:

1. Fail to address existing emissions

Emissions can impact the climate for tens to hundreds of years. Using offset credits that work on avoidance does nothing to address this challenge.

2. Lack proof of additionality

Avoidance methods lack impact that goes beyond “business as usual” as many projects would have happened anyway - without the commercialisation of their credits.

3. Are not in line with the net-zero future we need

Avoidance based offsets (when they work) result in a reduction of a future emission, but the Net Emission is still the same. Hence one tonne of CO2still goes up into the atmosphere.

Conversely, carbon removal is rooted in science and fulfills a need that the world has in its journey towards a net-zero future. According to a report by the Intergovernmental Panel on Climate Change (IPCC), large-scale deployment of carbon dioxide removal (CDR) methods is now “unavoidable” if the world is to reach net-zero greenhouse gas emissions.

With Klimate’s support, Scenic Group is following the science, and will continue to do so as we strive to become a net-zero business.

How does Klimate select its projects?

Klimate employs a stringent due-diligence process, which all projects need to pass successfully. This ensures that Klimate only works with high-quality, high-integrity projects.

The due diligence covers four categories:

1. Climate Impact

The Climate Impact category assesses how much CO2 the project removes/ will remove from the atmosphere and for how long that CO2 will stay out of the atmosphere.

2.Co-Benefits

The Co-benefits category reviews the positive societal and environmental benefits the project may have, which may include biodiversity improvements, infrastructure development, access to finance, soil quality etc. This section also aims to ensure that Klimate does not source carbon credits from organisations and companies that cause societal and environmental harm.

3. Integrity

The Integrity section determines how the supplier monitors, reports, certifies/ verifies, and audits the carbon credits that they issue.

4. Outlook

Finally, the Outlook section analyses future scaling potential of the project, risk mapping and mitigation, governance, and addressing of the Sustainable Development Goals.

What projects has Scenic invested in?

Delta Blue Carbon

Located in Pakistan’s Indus River Delta and is the world’s largest mangrove restoration project. Delta Blue Carbon is a coastal blue carbon project.

You can read more about the coastal blue carbon method on Klimate’s website here.

• The project spans 350,000 hectares and plans to remove approximately 142 million tCO2e over its 60-year lifespan.

• By revitalising the degraded coastal habitat and ensuring its long-term sustainability, the project activities will also yield substantial climate change adaptation benefits for biodiversity in the Indus Eco-region.

• Supports 60 villages in the project area, impacting 49,000 individuals through education, water provision, healthcare, and employment.

CommuniTree

A Carbon Program enabling farmers in Nicaragua to benefit from growing trees through the creation of forest carbon removals. The project does this by combining a community led approach with best practice forestry techniques and cutting-edge technology.

Farmers are engaged over a 10-year period to help them grow trees in a way that is beneficial to them. In the short term, they benefit through the sale of carbon credits, and in the long term, through new sustainable sources of income from the products they create from their forests. In 2019, CommuniTree became the single largest reforestation initiative in Nicaragua.

Registered as a certified Plan Vivo project in 2010, the CommuniTree Carbon Program was co-founded by Taking Root and local project implementer, APRODEIN. CommuniTree works with smallholder farmers across Nicaragua to grow trees alongside their existing farming practices.

Some of the impacts generated by the CommuniTree project to date include:

• 3,326 farming families participating

• Over 3.3 million tons of CO2 sequestered

• 19+ million trees planted

• 11,363 hectares of land restored

To see the investment made by Scenic in Klimate.co’s public record where certificates can also be found follow this link; https://registry.klimate.co/client-orders/DO1000326

Carbon-compensated helicopters

All CO 2 emitted from the Jet A fuel purchased for the Scenic Group Helicopters has compensated for. The calculations have been verified by a 3rd party. When compensating we have used nature based solutions that have a limited durability (around 50 years) in terms of storing the captured CO 2 and that also come with other co-benefits such as biodiversity improvements. We acknowledge that this does not remove the environmental impact of our helicopters’ fuel consumption. More details on the project can be found on the previous page.