Aboitiz Carbon Farming Initiatives
CarbonTP was engaged in 2023 by Aboitiz Group [Aboitiz], one the largest corporate conglomerates in the Philippines, to guide it through the early stages of developing a carbon farming business for the generation of carbon offsets in the Philippines.
Early scopes of work involved navigating Aboitiz through the various regulated compliance programmes and non-governmental voluntary programmes for the certification of carbon offsets [credits]. This extended to eligibility criteria, the applicability of grouped projects and their relevance to the carbon farming opportunities being considered by Aboitiz.
Aboitiz retained CarbonTP to assist it in reviewing the following Aboitiz initiatives:
- Corn and Cassava farming opportunity
- Cagayan Forest / A-Parks opportunities
CarbonTP made recommendations as to whether these projects had the potential to support carbon offset projects under established methods and if so, develop the Scope of Work for the Feasibility Study for each project.
Through this process CarbonTP recognized the need for Aboitiz to find an experienced local partner in the Philippines to assist with the implementation of these initiatives on the ground. CarbonTP then identified a suitable local partner and managed a smooth transition for that partner to take over the future scopes of work for Aboitiz.
