4 September 2024

Eastern Economic Forum 2024 has become carbon neutral

The Roscongress Foundation and RUSAL, one of the world’s largest aluminium producers, have agreed to offset the carbon footprint of the Eastern Economic Forum 2024, which takes place from 3 to 6 September in Vladivostok. This was made possible thanks to RUSAL’s forest climate project. The Company transferred a part of the carbon units generated by the project to protect forests from fires in Krasnoyarsk Region.

“Environmental protection and environmental issues are always a priority for the Eastern Economic Forum: the EEF traditionally hosts a large number of events dedicated to sustainable development. The Forum’s carbon footprint will be offset with the help of units received by RUSAL as a result of the implementation of the Forest Climate Project. I hope this cooperation will become a great example for other events and we will be able to make a real contribution to achieving the goals of minimizing our environmental impact,” said Igor Pavlov, First Deputy CEO of the Roscongress Foundation and Director of the Eastern Economic Forum.

Transfer of carbon units to offset the carbon footprint of EEF 2024 is carried out using the ‘Nature’s Thread’ platform. The platform uses the principle of marketplace to allow transactions with carbon units and units of quota fulfilment. ‘Nature’s Thread’ is designed for companies and organizations that implement climate projects, as well as for those who plan to cover their carbon footprint through the use of carbon units and performance units. The platform is operated by the Roscongress Foundation.

“Today, the climate and environmental agenda is at the centre of attention of both business and government. This is not only enshrined at the level of international and national sustainable development goals, but is also reflected in specific actions, programmes and projects. Taking environmental and climate aspects into account when organizing events is another way of contributing to the preservation of the planet for future generations. We are pleased that RUSAL’s climate projects help achieve sustainable development goals not only for us, but also for the country and our partners,” said Elena Myakotnikova, RUSAL’s Director for Sustainable Development.

Eastern Economic Forum became carbon neutral for the first time in 2023.

Carbon units (CU) are a verified result of a climate project, expressed as a mass of greenhouse gases equivalent to a tonne of carbon dioxide. A company can offset the carbon units against its own carbon footprint or transfer them to other stakeholders.

RUSAL implements both natural and technological climate projects. For example, the company has registered three climate projects in the Russian register of carbon units: to protect forests from fires in Krasnoyarsk Region and to improve the energy efficiency of the Krasnogorskaya TPP of the Urals aluminium smelter, including in heat generation and raw water treatment. A portion of the verified carbon units were allocated to offset the carbon footprint of the BRICS Climate Agenda in the Current Environment Forum, which took place in Moscow on 29–30 August 2024.

The Eastern Economic Forum is being held on the campus of Far Eastern Federal University. The Eastern Economic Forum is organized by the Roscongress Foundation.

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