Environmental performance of Alterfin and its partners in the South
Environmental performance of Alterfin and its partners in the South

Environmental performance

Alterfin’s CO2 emissions in 2015 amounted to 268 tonnes or 18.6 tonnes of CO2 per team member (in full time equivalents). Flights taken for the purpose of following up our partners in the South are clearly the main source of our CO2 emissions (93%). These trips are necessary to be able to analyse and follow up our partners adequately. As we do every year, we are endeavouring to reduce them by grouping together as many visits in the same region as possible, taking as many direct flights as possible and working with local consultants. In 2015, more trips were made to follow up our partners and recover defaulted loans. This is the main reason for the increase in our CO2 emissions per person.

Emissions of CO2 (in tonnes of CO2 per full time employee)  2013 2014 2015
Utilities (gas and electricity) 0.40 0.35 0.32
Paper 0.12 0.07 0.10
Commuter traffic 0.11 0.10 0.95
Travel by plane for follow-up of South partners 16.16 13.17 17.34
CO2 total emissions 16.66 13.62 18.60

Reforestation project in the Peruvian Amazon

In order to offset its CO2 emissions, Alterfin decided to continue financing the reforestation project being undertaken by one of its partners, the Acopagro cooperative in the San Martin region in the Peruvian Amazon. This project involves planting native trees within the producers’ cocoa plots in order to develop model agroforestry systems which will ensure the long-term future of cocoa crops. As well as reducing the carbon impact, agroforestry brings many other benefits. The agroforestry systems make it possible to protect biodiversity. They also use little fertiliser, enabling farmers to increase the productivity of their operations while reducing the use of chemical products and fertilisers. Agroforestry has a positive economic and social impact by valorising the local economy and enabling local communities to reinforce their food sovereignty. Alterfin’s commitment for 2015 will make it possible to plant around 4,000 extra trees to add to the 4,000 trees planted the previous year