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PrintJ.P. Morgan Environmental Markets offers innovative vehicle to offset car buyers’ emissions
Mar 11, 2009
J.P. Morgan's Environmental Markets business recently renegotiated its contract for another three years with Jaguar Land Rover, one of the world's premier automotive companies, to provide the automaker with offsets for Land Rover's global carbon dioxide (CO2) offsetting program via the J.P. Morgan's ClimateCare franchise. Having already offset more than two million tons of CO2 to date (an amount equivalent to the carbon dioxide given off by 125,000 average homes over three years), Land Rover boasts one of the most extensive carbon offsetting programs in the automotive industry.
"J.P. Morgan Environmental Markets prides itself on delivering high quality, high volume offsetting programs to the world's leading corporations" Paul Kelly, who heads the group, said. "This renewed mandate with Land Rover reinforces the firm’s reputation as the trusted provider of environmental offsets to large corporations and represents a key milestone in the development of a holistic Environmental Markets business that spans the globe."
J.P. Morgan's Environmental Markets business offers a wide variety of services to clients, including: bespoke compliance risk management solutions and strategies; expert advice to corporations on how to manage the implications associated with transitioning into compliance regimes; and the strategic development of carbon reduction project portfolios that effectively meet a wide range of forecast requirements.
With particular expertise in developing community-based projects accredited to both voluntary and Clean Development Mechanism (CDM) standards, the ClimateCare franchise provides corporate clients with a wide-range of customized services including: business emissions offsets; business travel offset requirements; employee engagement schemes; supply chain offsets and customer related programs which link the carbon dioxide emitted by the manufacture or use of certain products to the price paid by end consumers.