We are absolutely delighted to announce that as part of our TAM Sustainability Mission and commitment to combatting global warming, we have launched an exciting new client-facing carbon offsetting initiative and become one of the first DFMs to be awarded Carbon Neutral Plus status!
What is the TAM Sustainability Mission?
The TAM Sustainability Mission demonstrates our commitment to reducing our environmental footprint and inspiring others to do the same. It comprises two initiatives: The TAM Net Zero Commitment, and the Client Carbon Footprint Commitment. We are collaborating with Carbon Footprint Ltd, the Quality Assurance Standard (QAS) approved provider of internationally recognised carbon footprint calculators and offset projects to bring our mission to life.
What is the TAM Net Zero Commitment?
We are extremely proud to be one of the first DFMs to become a Carbon Neutral Plus Organisation, offsetting an additional 25% of our total annual carbon footprint. Carbon Footprint Ltd have independently audited our annual carbon emissions, which we have offset by supporting tree planting projects in the UK, and Verified Carbon Standard (VCS) certified reforestation projects in South America. For every tree planted, a tonne of carbon will also be saved in the Brazilian Amazon.
But we aren't stopping there. On what's next, TAM CEO Lester Petch says: "We understand the importance of tackling climate change and sustaining our environment for future generations – a key concern we share with our client base. As investors, it is critical we become part of the solution, and achieving carbon neutrality is pivotal to accomplishing this mission but it's just the beginning. We will continue to monitor, review and offset the firm's carbon emissions, but the next stage is to look at new and innovative ways to ultimately reduce our carbon footprint - that's the end goal.
"While we are honoured to be one of the first discretionary fund managers to be awarded Carbon Neutral Plus status, we hope this sets a precedent and encourages other key players in our industry to follow suit."
What is the Client Carbon Footprint Commitment?
This exciting new client initiative provides our GIA and ISA investors with the opportunity to offset their carbon footprint for every year that they are invested with us.
According to Carbon Footprint Ltd, the average carbon footprint for an individual in the UK is currently 6.5 tonnes which to offset currently costs £58.50 with the VCS certified Global Portfolio project.*
On the client's behalf, TAM will purchase the credits needed to offset their footprint every year and their contribution will support carbon reduction projects across the world, such as funding renewable energy generation or carbon avoidance programmes.
Clients can receive a personalised Carbon Footprint Ltd certificate each year which will outline their contribution to the VCS Global Portfolio project and illustrate the positive impact that they have made to our environment.
The initiative is completely flexible, clients can pause or cancel their participation at any time by simply getting in touch with us.
Lester says: "We are hugely excited to empower clients to contribute meaningfully towards mitigating global warming. They have shown a growing appetite to reduce the impact of their investments on the environment, and this simple and effective initiative provides them with a material solution.”
Join the mission
If clients would like to join our Sustainability Mission and participate in the Client Carbon Footprint Commitment, more information and access to the short application form can be found on our website here.
*The average footprint and costs to offset each tonne are likely to fluctuate so payments may vary from year to year.