Climate Positive with Earthly

Offsetting 110% of our carbon foot print.

We are a Certified B Corporation®

USING BUSINESS AS A FORCE FOR GOOD™

We are officially a Climate Positive business! This means we remove more greenhouse gas emissions than we produce – think of it as “putting back into the grid”. To achieve this, we teamed up with Earthly, the experts dedicated to removing carbon, restoring nature and reversing climate breakdown.

The task of offsetting and going climate positive is an annual process, requiring a yearly calculation of our carbon foot print that could account for a set amount of employees. In 2021, this footprint came to 291.48 tonnes of carbon for the entirety of Veramed, or 3.71 tonnes per Veramed employee. In order to go climate positive, we then offset a further 10% of our emissions total to reach 321.62 tonnes of carbon.

How did we actually offset? We invested in some of the amazing Earthly projects located around the world, more details of which can be found below.

As a certified B Corporation®, we’re dedicated to being more socially and environmentally transparent and accountable, which is why choosing to go Climate Positive was such an easy decision. However, being Climate Positive is more than just going one step further than a net zero carbon footprint. As a people-focused Clinical Research Organisation, it reflects our values and dedication to the environment, the needs of our employees, clients and society as a whole.

We want to inspire change within the bio-pharmaceutical industry and encourage more businesses to address climate change with meaningful action. Our work with Earthly is an example of meaningful action that is both accountable and transparent in nature.

According to the Earthly website, a carbon offset is a ‘measurable, quantifiable, and trackable unit of greenhouse gas (GHG) emissions reductions’.

In order to ensure carbon offsets are creating real and progressive climate impacts, the emissions they claim to reduce must be: additional, real, measurable, have no leakage, permanent and verifiable.

Discover Earthly’s article ‘What is Carbon Offsetting‘ for more information.

The process of calculating our offset involved a rigorous analysis process that involved a detailed assessment report that Earthly then used to calculate Veramed’s carbon footprint.

This included looking at everything from building costs to staff commuting, heating, events, and more. Broken down into a three scope process of analysis, the calculation was based on:

  1. Direct emissions from sources that are owned or controlled by the company
  2. Indirect emissions from purchased sources of energy that the company does not control – e.g. electricity
  3. All other indirect emissions – e.g. travel

This report was a calculation for 2021. Earthly then calculated Veramed’s impact based on the tonnes of carbon per employee, which in Veramed’s case equated to 3.71 tonnes of carbon per employee, or 241.98 Tonnes in total.

The Earthly projects we’re investing in…

After calculating our carbon footprint, we wanted to invest in projects that could drive real change. We shared all our Earthly projects with Veramed staff, and found three Earthly projects that resonated with the team. Learn more about our progress on our Earthly Veramed page, and the projects we’ve invested in below.

The Kasigau Corridor

The Kasigau Corridor project is a REDD+ project based in Rukinga, Kenya. It protects an expanse of over 200,000 hectares of dryland Acacia-Commiphora forest home to over 2,000 elephants, leading to over 13,936,339 tCO2 emissions avoided to date.

Mangrove Planting in Madagascar

Run by Eden Reforestation Projects, this project has reforestation and poverty alleviation at its heart. Mangroves provide a whole load of other natural benefits such as storm surge protection and vital habitat for many species.

Brazil Nut Concessions in Madre de Dios

This is a world-class REDD+ project focusing on rainforest conservation in the heart of Peru. Run by Bosques Amazonicos SAC (BAM) this project aims to reduce deforestation in over 300,000 hectares of Peruvian Amazon.

What does this mean for you?

As a climate positive business, we’re always interested in working with like-minded individuals and businesses. In fact, Veramed employees are actively involved in all of our environmental projects, such as Earthly, through groups such as Veramed’s B Corp Environment Hive. Be a part of a movement and join a team of passionate individuals that are addressing climate change.

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The team are competent statisticians and programmers, but also personable and friendly and very easy to work with. We have full and frank communication, we work as closely with them as if they were internal staff.

FSP client since 2017

Many thanks to all of you for your hard work on these outputs. I don’t think I’ve ever done QC with so few comments. It's been a pleasure to work with your excellent team.

Client since 2015

I am very impressed at your professionalism and very grateful for your careful and effective management of this significant project issue. Many thanks for your hard work.

FSP client since 2018

I knew you guys were good. That’s perfect. Not every vendor is. The SAP and shells were in very good shape if those are my only 3 comments about those two documents. You did a wonderful job.

FSP client since 2018