Partnering with WWF
We will finance forest projects that capture the equivalent of our historical CO2 emissions. The projects are developed and managed by WWF. Our twenty-year partnership will deliver a portfolio of forest projects in tropical landscapes with high biodiversity value that will create positive change for people, nature and climate.
The carbon captured from these forest projects will be donated to the host countries’ climate commitments under the Paris Agreement. This means that the carbon captured by the forest projects will not be used for off-setting of VELUX carbon emissions or any other organisation’s emissions.
By 2041, it is expected that the forest protection and restoration projects will have captured at least 4.5 million tonnes of CO2 – the equivalent of all CO2e emitted by the VELUX Group (scope 1 and 2) since it was founded in 1941. To increase the likelihood that the forest projects will reach this target, the projects will be designed with a 25% built-in CO2 buffer bringing the total potential capture to approximately 5.6 million tonnes of CO2.