Carbon Direct
Case Studies
The Russell Family Foundation's Journey to Net-Zero Carbon Emissions
Overview
The Russell Family Foundation's Journey to Net-Zero Carbon EmissionsCarbon Direct |
Functional Applications - Enterprise Asset Management Systems (EAM) | |
Finance & Insurance Renewable Energy | |
Procurement | |
Asset Health Management (AHM) Continuous Emission Monitoring Systems | |
Operational Impact
The collaboration with Carbon Direct and AlTi Tiedemann Global has enabled TRFF to calculate a comprehensive carbon footprint baseline, which is a crucial step towards achieving their net-zero goal. The process has also led to the development of actionable strategies for emission reduction, such as evaluating goods and vendor services against sustainability criteria, transitioning to cleaner energy sources, and reducing business travel. Looking ahead, TRFF plans to develop a net-zero playbook for the philanthropic field that documents best practices for carbon footprinting, emission reduction, and the role of high-quality carbon removal credits. This initiative is expected to catalyze climate action in the financial industry and inspire other foundations, asset managers, and family offices to embark on their own decarbonization journeys. | |
Quantitative Benefit
TRFF has optimized its portfolio to be approximately 80% more carbon efficient than the MSCI benchmark. | |
TRFF aims to achieve a net-zero portfolio by 2030. | |
TRFF will use the carbon footprint baselines to set interim emission reduction targets over 2023. | |