LEMCO has a number of sustainably focused, specific services in the form of the Natures Coin, sustainable economics and REDD. We pride ourselves on our ability to provide sustainable solutions to underdeveloped nations worldwide.
The Natures Coin has been set up with the objective to create a blockchain based Sustainable Development Credit. This credit will then be able to be viewed as an asset on a corporation’s economic balance sheet. The Natures Coin encourages full transparency of fund allocations, as all transactions are recorded. Ultimately, it is an ideal blockchain application.
Sustainable economics creates an interest holding stake in the land, helping companies to go beyond credible carbon off-setting projects, whilst also providing an asset for a company’s balance sheet to maintain shareholder value. Essentially, LEMCO’s sustainable economics proposition is focussed on adding value to Corporate Social Responsibility efforts and linking clients with specific environmental rainforest projects and communities.
LEMCO implements the mitigation process, Reducing Emissions from Deforestation and Forest Degradation (REDD). This is a process which is highly effective in reducing greenhouse gas emissions and also in delivering biodiversity conservation and poverty alleviation. With the voluntary carbon market fostering REDD as the vital emerging source for Voluntary Emissions Reduction (VER) Carbon Credits, LEMCO has allowed the process to harness the biodiversity conservation and participation of indigenous people.
Many small to mediums sized enterprise (SME) businesses still consider the growing pressure to take carbon reduction measures as a time, resource and financial burden. At the same time companies are being told to ‘save the planet and act responsibly towards their environmental impact’ but are not being given guidance on how to achieve these admirable objectives. In addition, there is an increasing need for companies to provide evidence of what they are doing about their corporate social responsibility (CSR) commitments, which is an admirable objective, is often viewed as another burden for corporates and a drain on resources and a reduction in shareholder value.
What if a solution to going ‘GREEN’ could be provided that turned a traditional cost centre into a potential profit centre, provided an asset on a balance sheet and one that helped towards the start of a CSR package – would that be attractive to companies?
The carbon arena is complex and there is a plethora of information to digest about the bigger picture before being able to formulate a meaningful and relevant carbon strategy for a business. Larger companies can afford to hire in professional expertise, but the cost of a Carbon Consultant cannot easily be justified for SME’s. The first step to reducing carbon emissions is to calculate what those emissions are and to do that we will provide businesses with a Carbon Calculation tool and where necessary, arrange for a carbon audit to be done. This will achieve two things, a saving in energy costs and a calculation of the carbon footprint.
Sustainable Economics goes beyond linking companies directly to credible carbon off-setting projects by creating an interest holding stake in the land. This interest can be held as an asset on a company’s balance sheet helping to maintain shareholder value.
The Sustainable Economics proposition to businesses is designed to go beyond carbon off-setting. The objective is to add value to Corporate Social Responsibility (CSR) efforts and link their clients with specific environmental rainforest projects and communities. Voluntary emission reduction carbon credits are not just for huge conglomerates; The proposition can be made available to all scales of business and combines conservation with commerciality to deliver a complete long-term carbon solution to businesses whilst helping to provide opportunities for over-developed countries by providing a secure and sustainable long term income stream, moving them away from reliance upon charity and philanthropy and helping them to achieve a growing self-esteem.
The focus within the Sustainable Economics environmental projects is to stop deforestation and provide indigenous populations with a sustainable economic future. This is achieved through forestry-originated projects that provide a range of credits with the primary focus being on the carbon credits. Sustainable Economics ensures that all the carbon projects conform to internationally recognised standards.
Sustainable Economics will be completely transparent and the monies will always be secure and automatically go to the people with whom we are contracted.
Our customers money will be paid into an Escrow account help by a third party and administered by Carbon Portfolio, a company that will be regulated by the UK FSA, one of the most stringent regulatory bodies in the world, and independent of Sustainable Economics. Carbon Portfolio will not part with any monies until the client has received their Forestry Lease and their corresponding Carbon Certificates.
Once those have been acknowledged as having been received, Carbon Portfolio will pay the monies in accordance to the contracts that they have been given by Sustainable Economics. The monies for the indigenous people will be paid into a specific Trust for each project. Overseeing all the various trusts will be a non-profit making advisory board that each trust can refer to for advice, as it will act as the governing body for all the trusts.
The Trusts will principally be run by the project owner with reference and accountability to the Advisory Board. In the event that one of the trusts does not act in accordance with the rules then the funding will be ceased.
By using these third parties it will be completely auditable, be fully regulated where appropriate and will help to overcome the corruption elements often prevalent in developing countries and ensure that a long-term sustainable economy is well structured.
This ‘Forestry Lease’ can be placed as an asset on the balance sheet valued in terms of the carbon credits provided. Any additional credits obtained, provided that they are economically viable to extract, will derive a 20% share of their re-sale value. (50% will go to the trust administered on behalf of the indigenous people)
The ‘Forestry Lease’ is not only an asset on the balance sheet but can also be a potential profit generator. One mechanism for doing this is to use the carbon offset credits to offset the products or services produced by the company to enhance their brand equity as over 35% of companies have experienced an increase in sales by ‘greening their products’. As the actual cost is often a fraction of a percentage of the overall cost, this can be used to enhance the over profitability of the product, excluding the advantages of enhancing the marketing advantages of ‘Greening’ the product thus increasing the overall sales.
The benefits generated via our Sustainable Economics Solution are therefore:
- Free Carbon Calculator (SME)
- Auditing solutions to reduce utility costs
- 5 tonnes of carbon off-sets given with every Forestry Hectare to provide a fixed Wholesale price for the Carbon Credits for the term of the lease.
- An asset that sits on the balance sheet
- Immediate solution for environmental risk mitigation – other potential credits could mitigate against future legislative requirements for other credits
- Commercially & ethically sourced
- Total visibility and security at all times of the money flows, independently audited and overseen by the FSA.
- Positive ‘Brand and Marketing’ message
- The company name appearing on Google maps over the specific project
- Significant ‘Corporate Social Responsibility’ returns
- Long term carbon strategy
- Positive staff benefits
- Positive customer benefit
- Potential ‘Profit Centre’
The Sustainable Economics scalability provides clients with a flexible business model they can apply with immediate effect.
All our projects are implemented to meet social responsibilities, protecting indigenous communities by providing them with an alternative and long-term income from their land.
Reducing Emissions from Deforestation and Forest Degradation (REDD) is a highly effective GHG mitigation process that not only reduces the emission of greenhouse gases, but also delivers co-benefits, such as biodiversity conservation and poverty alleviation in developing countries. REDD is a set of steps designed to use market and financial incentives in order to reduce the emissions of greenhouse gases from deforestation and forest degradation.
Estimates for deforestation and forest degradation are shown to account for 20-25% of greenhouse gas emissions, higher than the all forms of transport. It is increasingly accepted that halting climate change at a reasonable rate cannot be achieved without the inclusion of forests in an international regime. The voluntary carbon market has fostered REDD as the key emerging source for Voluntary Emissions Reduction (VER) Carbon Credits.
The Sustainable Economics projects operate the UN REDD to harness the combined biodiversity conservation and participation of Indigenous people and Forest-Dependent Communities. This presents the opportunity for companies to engage in meaningful ‘Corporate Social Responsibility’ (CSR). Similarly, many organisations have recognised that their suppliers’ carbon footprint and environmental obligations are a consideration and will only deal with carbon neutral companies.