Mahindra Racing became the first Formula E team, and first FIA World Championship entrant, to be certified Net Zero Carbon footprint since inception. The certification has been approved by the ALLCOT Group for carbon emission offsetting for the entirety of the team’s existence.
The emission allowances have been marked for permanent removal from the pool of offsetting credits at the Environmental Registry on behalf of the team’s chosen REDD+ Project.
Established in 2009, ALLCOT is a leader in greenhouse gas (GHG) emissions management tools and strategies for businesses of all sizes. By neutralizing GHG emissions, Mahindra Racing is not only able to protect the environment, but also provide community benefits that enhance profitability and brand value, increase employee satisfaction, to combat the climate crisis under Article 6 of the Paris Agreement, which is aligned with the UN 2030 Agenda, and promote the United Nations Sustainable Development Goals.
The REDD+ project protects 177,899 hectares of high conservation value rainforest in the state of Pará, Brazil and will prevent net emissions of >20 million tCO2e over the project lifetime. It is a registered Code REDD+ project; is validated and verified against VCS and in 2012 attained CCBA Gold level accreditation. This project protects threatened tree species like the pau rosa (Brazilian rosewood), provides jobs in forest management and monitoring, supports education in agro-forestry techniques to enable the community to grow cash crops, protects at risk animals like the Giant Anteater, Golden Parakeet and Ka’apor Capuchin Monkey and provides secured land tenure to villages committed to conservation.