Hong Kong based paper industry leader Polytrade Paper has become the World’s first paper trading company and Asia’s first commercial company whose corporate operations are certified to be carbon neutral in accordance with the renowned independent PAS 2060 standard.* RESET Carbon has been honoured to be chosen as consultant to help Polytrade achieve this feat.
“Polytrade wants to take the initiative to demonstrate good carbon management and introduce low carbon paper choices to the public, and ultimately, demonstrate how the paper industry can help tackle climate change. It is not about eliminating paper, but rather choosing the right paper and using it well. Reset provided us with professional advice throughout this process.” commented Michael Chan, Managing Director of Polytrade Paper.
Launched by the British Standards Institute (BSI) in 2010 as a premium standard to govern carbon neutrality claims made by companies, products or events, PAS 2060’s rigorous requirements oblige any company seeking to demonstrate carbon neutrality to commit to continuous carbon reductions, with a clear carbon management system in place, before offsetting remaining emissions to achieve neutrality. The standard prevents companies from going “carbon neutral” simply by “buying their way out.”
RESET Carbon helped Polytrade to, first, establish a 3-year greenhouse gas inventory of the company, with the 2010-2011 footprint covering emissions from direct and indirect emissions resulting from its business operations (including indirect sources likes staff commuting, flights and paper use), as required by PAS 2060 standard. RESET then carried out in-depth energy and carbon assessment of Polytrade’s facilities, established a reduction plan and target and set up the internal carbon management structure with the Polytrade team. All these were then verified and validated by BSI between 23rd-25th February 2011, with the certificate issued on 21st April 2011, making Polytrade the first paper trading company in the world to achieve carbon neutrality under PAS 2060.
“RESET Carbon is very honoured to work for a prescient client like Polytrade and to help them become the first PAS 2060 compliant carbon neutral commercial company in Asia. There is a rising trend of companies in Asia recognising the commercial value of incorporating serious carbon management into their business, and RESET’s experience will benefit them in harnessing this low carbon growth opportunity.” Added Brian Au, Director of RESET Carbon.
For more details about Polytrade’s PAS 2060 work with RESET Carbon:
Case Study: PAS 2060 Corporate carbon neutrality
Download RESET Carbon’s Director Brian Au’s presentation on the PAS 2060 standard
Polytrade’s PAS 2060 announcement page.
*as of companies verified and certified by the independent verifier, British Standards Institution (BSI). All claims made to the best knowledge by the independent verifier BSI and consultant, RESET Carbon Limited, based on industry research and information available on the internet and registries as of 17 May.