Orange announced the launch of Orange Nature, a €50 million carbon fund to finance reforestation and ecological restoration projects.
The Orange Nature fund will directly or indirectly invest in various carbon sequestration projects around the world: afforestation, reforestation, and restoration of natural ecosystems (mangroves or agroforestry projects).
This project is part of the commitment Orange made to become Net Zero Carbon by 2040 for the three scopes described by the GHG Protocol.
With an investment capacity of €50 million, Orange Nature will create the carbon credits required to capture a significant part of the Group’s residual CO2 emissions leading up to becoming fully Net Zero Carbon by 2040.
“Orange Nature will enable us to complete the task of becoming Net Zero Carbon in 2040, through the use of nature-based solutions that will capture the residual incompressible emissions,” said Elizabeth Tchoungui, Executive Director of CSR, Diversity and Philanthropy at Orange.
