Concha y Toro pioneers South America's first Climate Exchange
Concha y Toro is pioneering South America's first Climate Exchange ? it will trade carbon bonds and begin a CO2 reduction industry.
Concha y Toro is pioneering South America's first Climate Exchange ? it will trade carbon bonds and begin a CO2 reduction industry.
The news comes ahead of this week's Climate Change and Wine Conference to be held in Marbella, Spain.
The wine giant, alongside a number of other firms, will be a partner in Santiago Climate Exchange (SCX). The aim of the initiative is to drive reductions in greenhouse-gas emissions and push fpr efficiencies and sustainable development within other companies.
"Our sustainable development strategy commits us to be present in innovative and pioneering initiatives like these. The benefit generated by this has a global impact. We believe that companies can collaborate in the environmental area and be effective agents of change at the global level", says Cristóbal Goycoolea, the winery's manager of sustainable development.
The project will work in a similar way to the those already operating in Europe, USA, Japan, China and Australia. It is forecast that by 2015, SCX will be trading around 5 million tonnes of reduced CO2.
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