M&S joins Unicef carbon offset project in Bangladesh

December 8th, 20132:13 pm @

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Marks Spencer (MS) has recently teamed up with Unicef for the latter’s new carbon offset project, an initiative to improve the health and lives of vulnerable children by cutting carbon emissions that cause climate change.
MS will kick start the project in early 2014 by providing funds for 40,000 fuel-efficient, low-pollution cook stoves to be manufactured, sold and maintained by local entrepreneurs in Bangladesh, Unicef said in a statement yesterday.
The project will create over 150 new jobs as local people will be trained to manufacture, market and install the stoves.
“The project will be delivered to the highest environmental and development standards and aims to qualify for ‘The Gold Standard’ carbon credit certification. The move by MS is part of its commitment to be a carbon neutral company.” According to the World Health Organisation, some 49,000 people—70 percent of whom are children under five years—die each year in Bangladesh due to the smoke from traditional indoor cook stoves.
“We are delighted that Marks Spencer is supporting Unicef’s carbon offset pilot project in Bangladesh,” said Yoka Brandt, deputy executive director of Unicef.
“This demonstrates how innovative private sector partnerships can positively impact the well being of children and the world that they inherit.”
“This project will have a huge impact in a country that is extremely important to MS. Being carbon neutral is a key part of Plan A (of he company) and it’s important that, wherever we can, we invest in high quality offsets that support communities within which we operate.”
“We’ll do this while at the same time working with partners like Unicef, who can help us deliver our vision of becoming a sustainable, international multi-channel retailer,” said Marc Bolland, chief executive of Marks Spencer.
“This is a groundbreaking example of our corporate partners working hand in hand with us to deliver real benefits to children’s live,” said Paddy Ashdown, president of Unicef UK. MS led the world in becoming the first major retailer to go carbon neutral and has now reinforced that leadership by supporting Unicef’s new carbon offset project in Bangladesh,” said Jonathan Porritt, co-founder of Forum for the Future.

Article source: http://www.thedailystar.net/beta2/news/ms-joins-unicef-carbon-offset-project-in-bangladesh/