At Polaris, addressing climate change is a core part of our mission to generate renewable energy across all operations and future acquisitions. Through our efforts, we actively support third-party decarbonization goals by producing clean energy, helping reduce CO2 emissions by approximately 345,923 tons to date.<\/p>\n
Resource efficiency is a key focus of our strategy. While we have not yet implemented a formal emissions reduction strategy, we have introduced several initiatives over the years that address energy consumption, fuel use, and waste management, all contributing to a reduced carbon footprint. Currently, 99% of the energy used in our operations is sourced from self-generated renewable energy, with the remaining 1% purchased from the national grid in the countries where we operate.<\/p>\n
Since 2022, we have measured our carbon footprint according to the ISO 14064 standard16, expanding the scope of emissions measurement in 2023 and 2024 to include all facilities for scope 1 and scope 2. Additionally partial scope 3 measurement were carried out in Nicaragua, Ecuador and Peru.<\/p>\n
In Nicaragua, where we have implemented energy efficiency initiatives since 2015, we have achieved a 63% reduction in energy consumption from the national grid, a 33% reduction in fuel consumption, and a 38% decrease in hazardous waste generation, resulting in an overall 43%18 reduction in emissions. However, in 2024, energy consumption increased due to weather conditions and disturbances in the national power grid.<\/p>\n
For 2024, the carbon footprint, including scope 3, resulted in 1162.6 tCO2 (excluding biogenic emissions)21, with the breakdown between Scope 1 and Scope 2 emissions as
\nfollows:<\/p>\n
Moreover, since 2022, reducing emissions has been a key material issue in our Sustainability Strategy. We set a target to offset our Scope 1 and 2 emissions by 2024, compensating for our 2023 carbon footprint. We are pleased to report that we have met this goal by offsetting 696 tons of CO2
\n.<\/p>\n","protected":false},"excerpt":{"rendered":"
At Polaris, addressing climate change is a core part of our mission to generate renewable energy across all operations and future acquisitions. Through our efforts, we actively support third-party decarbonization goals by producing clean energy, helping reduce CO2 emissions by approximately 345,923 tons to date.<\/p>\n","protected":false},"author":1,"featured_media":1518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[57],"class_list":["post-1459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-planet","tag-57"],"_links":{"self":[{"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/posts\/1459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1459"}],"version-history":[{"count":2,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/posts\/1459\/revisions"}],"predecessor-version":[{"id":1563,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/posts\/1459\/revisions\/1563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=\/wp\/v2\/media\/1518"}],"wp:attachment":[{"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/polarisrei.com\/sustainability\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}