Capricorn Financial Consultancy has announced that it has achieved carbon neutral status following a partnership with international tree-planting platform, Evertreen.

The firm has pledged to plant a tree in Kenya for every mortgage completed.

The initiative, which aims to plant over 7,000 trees a year, has already added 834 trees to the Gazi Mangrove Forest in Kenya, and has absorbed 125,100 kg of carbon dioxide from the atmosphere to date. As part of its aim to support income generation along Kenya’s coastline, the tree-planting project has also so far generated 104 working hours for local farmers.

Capricorn, which has 40 expert advisers and support staff across offices in London, Singapore, and Hong Kong, confirmed that the firm is now a carbon neutral business as a result of the partnership, meaning it offsets the carbon dioxide that it emits through sustainable practices, including tree planting.

“With the UK having baked under 40-degree heatwaves in recent weeks, there is a renewed urgency to meet climate goals,” commented Capricorn CEO and founder, Conor Murphy.

“Businesses have a crucial part to play in achieving these goals, not only in setting standards for their employees, but also in shaping norms within their sector.

“With offices in London, Hong Kong, and Singapore, and the language skills to service 90% of the world population, Capricorn truly has a global focus, so it’s only right that we work towards a greener, more sustainable future for all, and we invite our clients to make additional contributions towards our goal.”

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