La Trobe Financial reaches carbon neutral milestone

by Micah Guiao18 Sep 2021

Credit asset manager La Trobe Financial has achieved a carbon neutral milestone based on its latest carbon footprint assessment.

With the counsel of independent advisor Carbon Neutral, La Trobe Financial was able to measure its emissions activities in accordance with the Greenhouse Gas Protocol from the World Resources Institute and other government and academic resources.

To realise carbon neutrality, La Trobe Financial invested in Gold Standard projects that reduce greenhouse gas emissions to offset its carbon footprint throughout the year.

Chris Andrews, deputy chief executive officer at La Trobe Financial, said that the company aims to be 100% carbon neutral by the end of 2030—a commitment it has pledged in its ESG framework.

“We are very proud of the approval of our carbon neutral footprint program. We recognise in today’s market that this is a key business metric. We have documented a formal carbon reduction plan, so that we can meet future targets and go beyond simply offsetting our carbon emissions,” Andrews said.

Among La Trobe Financial’s future projects include reducing travel emissions, sustainable procurement practices, reducing waste and landfill, and switching to a paperless workflow.

“We now have our carbon footprint benchmark and intend to reduce our footprint every year moving forward,” said Caterina Nesci, director of ESG and international partnerships at La Trobe Financial.

"Doing this is clearly in the interest of the company and important for the future of the planet…This will involve every aspect of the business and all staff are truly committed to playing their part in this important work.”