Aspen Insurance

A leading specialty insurance and reinsurance company, Aspen has partnered up with with Furthr to deliver end-to-end and high-integrity emissions measurements, along with a selection of transparent, additional & biodiversity-focussed carbon compensation solutions.

Impact

Spotlight

Highlights 2023

27,666

2023 Footprint (tCO2e)

8

GHG Scope 3 Categories Covered

3

Projects in 2023 Portfolio

10

Project SDGs Certified

Emissions Breakdown

2022 Emissions

2023 Emissions

Annual Comparison

Material Scope 3 Categories

Emissions by Scope

2021 Footprint

Aspen delivered their first emissions measurement covering:
Scope 1&2 Emissions
Scope 3: Business Travel

2021

2022 Footprint

Aspen released their second emissions measurement with additional data processed:
- Hotel Stays
- Well-to-Tank
- Homeworking
- Waste and Water

2022

December 2023

Aspen distribute a survey to all facilities landlords to capture activity data for their global offices.

Dec 2023

January 2024

Partnering with Furthr, Aspen's finance team integrated the emissions from purchased goods and services into their Scope 3 emissions calculation.

Jan 2024

Historic Emissions

During the months of February and March 2024, Aspen will run historical analysis of their purchased goods and services, as well as facilities data to improve past data around their carbon footprint.

Feb 2024

Financed Emissions

Aspen are exploring the measurement of their financed emissions, whilst working with each of their facilities stakeholders to introduce continuous monitoring of emissions.

Apr 2024

Emission Reduction

In July 2024, Aspen plans to present a science-based carbon reduction plan to the wider company.

Jul 2024

Aspen's Climate Journey

Impact

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10,000

Flights
London-Rome

204o

Car Trips
London-Manchester

10,000

M² Sea Ice
Saved

10,000

Beef Steak
Consumed

204o

Years of
Home Power

10,000

Parcels
Delivered

Aspen's Reports for 2023

ESG Report

Carbon Offset Portfolio

66%

Carbon Removal

100%

Nature Based

10

SDGs Certified & Monitored

Mitigating for unavoidable emissions

A carbon offset is a mechanism by which a company can compensate for its unavoidable emissions.

Furthr's offsets come in two forms:

Carbon Reduction Offsets, where we protect nature & fund technologies that drive carbon reduction.
Carbon Removal Offsets, where we fund nature and tech-based projects which remove emissions from the atmosphere.

3134

tCO2e offset

BigCoast Forest Climate Initiative, Canada

224

tCO2e offset

Mangrove Afforestation, Myanmar

1119

tCO2e offset

Yarra Yarra Biodiversity Corridor, Australia

Project Name	Registry Link	Tonnes Allocated	Reporting Period	Retirement Certificate
BigCoast Forest Climate Initiative, Canada	Here	3134	2023	Retired
Mangrove Afforestation, Myanmar	Here	224	2023	Retired
Yarra Yarra Biodiversity Corridor, Australia	Here	1119	2023	Retired

Scroll right to reveal more of your audit documentation table including Registry Link, Tonnes Allocated, Reporting Period and Retirement Certificate for your projects

Furthr's Due Diligence and Independent Verification

Furthr's in-house due diligence process rigorously assesses each project for its long-term impact (permanence), unique contribution to carbon reduction (additionality), and broader environmental, social, and economic benefits and safeguards (co-benefits).

We also carefully consider potential unintended negative impacts (leakage) and ensure robust greenhouse gas reduction calculations for the integrity and effectiveness of our projects. The latter is done by ensuring third-party auditing and governance are robustly managed by project developers, who themselves have experience and track record in delivering the highest quality carbon projects.

In our commitment to ensure the highest quality of carbon offsets, we collaborate with leading third-party agencies such as BeZero, Sylvera, and CCQI. These agencies specialize in meticulously evaluating carbon offset projects, offering an additional layer of validation to our selection process.

Projects Deep Dive

The Problem

Coastal British Columbia faces challenges with greenhouse gas (GHG) emissions due to operational forest lands being used for timber harvesting. This activity not only contributes to GHG emissions but also threatens biodiversity, old forests, ecologically significant areas, and culturally important sites.

The Solution

The BigCoast Forest Climate Initiative is the largest project of its kind in Canada. It began in 2022 by conserving 40,000 ha of unique forest ecosystems on the West Coast of Canada. More than 80% of these lands are old forest - land that has never been industrially harvested.

BigCoast Forest Climate Initiative, Canada

Canada

IFM

Carbon Removal

2023 -

1,119

tCO2e offset

2022 -

1000

tCO2e offset

BigCoast Forest Climate Initiative, Canada

Quick View

The Problem

In the Ayeyarwady region of Myanmar, mangroves are being destroyed at an alarming rate due to unsustainable agricultural and industrial practices, compounded by poverty and lack of access to education in local communities.

The Solution

The Myanmar Blue Carbon project aims to restore and protect 2,065.87 hectares of degraded mangroves. Their community-based approach to conservation will include educating and employing locals, supporting schools and families, promoting gender equality, and ensuring continuous maintenance and protection of the mangroves. This will enhance biodiversity, provide new income sources, and increase resilience against extreme weather for the 2,482 households in the project area.

Mangrove Afforestation, Myanmar

Myanmar

Afforestation (ARR)

Carbon Removal

2023 -

1,119

tCO2e offset

2022 -

1000

tCO2e offset

Mangrove Afforestation, Myanmar

Quick View

The Problem

The mid-west region of Western Australia has experienced significant environmental degradation due to the clearing of natural vegetation for agricultural use since the early 20th century. This loss of native habitat has disrupted biodiversity corridors and diminished the area's ecological integrity.

The Solution

The project aims to restore these vital biodiversity corridors by establishing native vegetation that connects existing natural remnant areas. Since 2008, the project has introduced about 40 different native species of trees and shrubs across seven properties, legally set aside for long-term carbon sequestration. This effort not only aims to return the landscape to its natural condition but also delivers substantial socio-economic and environmental benefits to local and regional communities.

Yarra Yarra Biodiversity Corridor, Australia

Australia

Afforestation (ARR)

Carbon Removal

2023 -

1,119

tCO2e offset

2022 -

1000

tCO2e offset

Yarra Yarra Biodiversity Corridor, Australia

Quick View

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Blog

Highlights 2023

27,666

8

3

10

Emissions Breakdown

Material Scope 3 Categories

Emissions by Scope

2021

2022

Dec 2023

Jan 2024

Feb 2024

Apr 2024

Jul 2024

Aspen's Climate Journey

Impact

10,000

204o

10,000

10,000

204o

10,000

Aspen's Reports for 2023

Carbon Offset Portfolio

66%

100%

10

3134

224

1119

Projects Deep Dive

Project Spotlight