All operations emissions from venues of tournaments were offset by renewable energy credits and carbon offsets
INDIANAPOLIS – Indiana Sports Corp, in partnership with AES Indiana, Heritage Interactive Services, Keep Indianapolis Beautiful and IUPUI’s Office of Sustainability, have announced that venue operations of all practices and games during the basketball events last March and April were carbon neutral.
Heritage Interactive Services partnered with ClimeCo to contribute offsets to mitigate the basketball tournament’s carbon footprint. Students from IUPUI’s Office of Sustainability calculated actual emissions from data collected across the seven venues, including electricity, gas, steam, and chilled water, to determine the total carbon dioxide equivalent (CO2e) produced during each game and practice. Heritage worked with ClimeCo to purchase the carbon offsets necessary to balance nearly 5,000 tonnes of CO2e generated during the tournament. The team selected carbon reduction projects across the country, supporting wind energy, landfill gas capture and destruction, and preservation of natural forest habitat.
AES Indiana, a subsidiary of The AES Corporation (NYSE: AES), purchased renewable energy credits (RECs) and applied them toward electricity usage at Hinkle Fieldhouse, Bankers Life Fieldhouse, Lucas Oil Stadium, Indiana Farmers Coliseum, and the Indiana Convention Center. Throughout the tournament, more than 2.2 million kilowatt hours of energy were used to power the practice and tournament facilities. That is equivalent to the amount of electricity it takes to power approximately 2,200 households in Indiana for one full month.
Additionally, as part of Coca-Cola Consolidated’s Refresh Recycle Renew campaign, Republic, the Indiana Convention Center & Lucas Oil Stadium partnered together with Circular Solutions Advisors and Food Loops to get every bottle and can back from games and practices at these venues during the tournament. This effort resulted in 98 percent of all bottles and cans (117,596 cans/3.3 tons) consumed being made into new bottles and cans. All waste, including food, was captured at the championship game held at Lucas Oil Stadium with 70 percent of all waste (2.90 tons) being diverted from the landfill.
These efforts ensured that the tournament was operationally carbon neutral from the time teams arrived in Indiana to after the national championship on April 5 in addition to the recycling collection and landfill diversion efforts.
About Indiana Sports Corp
Founded in 1979 as the nation’s first sports commission, Indiana Sports Corp is a not-for-profit organization focused on bringing premier sporting events to Indiana to drive economic vitality, facilitate a vibrant community with civic pride and garner positive media attention. Because of this, Indiana Sports Corp is able to provide positive, sports-related opportunities for youth in the community. For more information, please visit IndianaSportsCorp.org.
INDIANAPOLIS, July 15, 2021 – Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC, (collectively, Heritage), and ClimeCo joined together to provide strategic capital to Restore the Earth Foundation, Inc. (Restore the Earth) to provide for the native trees and planting for the reforestation of 4,000 acres of the Pointe-aux-Chenes Wildlife Management Area in Louisiana. The freshwater marsh area will be planted with native Bald Cypress seedlings. In addition to the sequestration of CO2, the project will reduce flood and storm risk to local communities by creating a first line of defense in the form of healthy forest ecosystems and restore fragmented wildlife habitats. The project is anticipated to create 800,000 Climate Action Reserve Forward Mitigation Units (FMUs).
“The benefits of reforestation projects like this reach far beyond the immediately impacted areas,” said Chad Peterson, President of Heritage Sustainability Investments. “The work Restore the Earth is doing not only benefits the environment, but also the people and businesses in southern Louisiana. Collaborating with ClimeCo on this project will help us make a lasting difference in the community and drive future GHG reduction.”
Restore the Earth pioneered the development of the Climate Action Reserve’s Climate Forward Reforestation methodology. The program provides a mechanism to quantify, verify and register FMUs, which represent emissions that are forecasted to be mitigated in the future, using rigorous and peer–reviewed carbon reduction project methodologies. FMUs will be marketed to voluntary buyers by ClimeCo to help fund future reforestation efforts in the basin. The program is designed to encourage companies and organizations to invest in projects that mitigate future greenhouse gas (GHG) emissions.
“Restoration of degraded lands is one of the most critical project types society can undertake to meet the challenge of climate change,” says Derek Six, Chief Business Officer for ClimeCo. “Reforestation provides a clear and enduring GHG mitigation impact, and generations to come will enjoy the wide array of ecological benefits these projects create. ClimeCo is excited to be working with Restore the Earth and to continue to support their ambitious goals in the Mississippi River Delta.”
Ballard Spahr, a national law firm with more than 600 attorneys in 15 offices nationwide, served as counsel to ClimeCo for the project. Attorneys supported the formation and management of a special purpose LLC for the effort, prepared the transaction and financing documents, and advised on matters involving the carbon offset protocols and requirements for generating the FMUs.
Heritage Sustainability Investments, LLC, is a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC. We invest in companies where our deep knowledge and extensive resources in materials sciences and environmental sustainability can accelerate growth. We purchased a minority stake in ClimeCo in February 2021, combining Heritage’s leadership in holistic waste management and beneficial reuse with ClimeCo’s expertise in climate change policy, sustainability program development, and emission reduction project implementation to provide a unique, turnkey service offering to the market.
ClimeCo is a respected advisor, transaction facilitator, and trader of environmental commodity market products. We specialize in regulated carbon, voluntary markets, plastic credits, sustainability, and project development and financing of GHG abatement and mitigation systems. For more information or to discuss how ClimeCo can drive your organization’s value, contact us at 484.415.0501, email@example.com, or through our website, climeco.com.
About Restore the Earth Foundation
Restore the Earth Foundation, Inc. is a 501(c)(3) not for profit with a mission of restoring the Earth’s essential forest and wetland ecosystems. Restore the Earth knows that it is possible to go beyond just protecting our environment—it is possible to restore it. And when you restore the environment at landscape scale, it creates incredible value for ecosystems, biodiversity, habitat, communities, business and the Earth.
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INDIANAPOLIS, July 7, 2021 – Heritage Environmental Services, Inc. (Heritage), a leader in environmental and sustainability services, and Fielding Environmental (Fielding), a leader in resource recovery, have partnered to acquire Reclamation Technologies, Inc. (RTI) in Blaine, Minnesota.
RTI is an EPA-certified refrigerant reclamation company serving customers in the Midwest and Texas. They provide on-site services and have the capability to separate mixed gases. One of the main benefits of refrigerant reclamation is to give building owners and HVAC/R contractors a safe and affordable solution to manage refrigerants that are harmful to the ozone layer and contribute to global warning. Reusing these materials also reduces consumption of non-renewable resources needed to make virgin refrigerants.
“The acquisition supports the expansion of Heritage’s service offerings in the refrigerants business, growing its platform beyond leadership in the Ozone Depleting Substances business. Heritage will now be able to offer its global customers a complete solution for the highest and best use of used refrigerant gases in partnership with another multi-generational circular economy-focused family business based in Canada,” said Jeff Laborsky, CEO of Heritage. “We’re excited to continue our purpose to protect human health and the environment and also prevent greenhouse gases from escaping into the atmosphere.“
“Everything came together in a perfect way. I can’t think of a better partnership to service this space. Together, Heritage and Fielding have the resources and experience to be the North American leader in refrigerant management services – whether gas requires reclamation, separation, or destruction, we have the solutions for our customers. When the American Innovation and Manufacturing (AIM) Act was announced we knew the timing for a partnership was right, and when we visited RTI we knew the acquisition was right. I am very excited about our team and all we are going to do together,” said Katelyn Imrie, Executive Vice President of Fielding.
About Heritage Environmental Services
Heritage Environmental Services is a privately held, family-owned environmental services business with more than 1,600 employees across North and Central America. The company provides a full suite of tailored solutions from emergency response, waste disposal, and sustainability services to on-site support and technical solutions to thousands of customers in hundreds of industries and verticals. Throughout its 50-year history, Heritage Environmental Services has prioritized the safety of its employees while pursuing its purpose of protecting human health and the environment.
About Fielding Environmental
Fielding is an award winning cleantech company with over 65 years’ experience in resource recovery. Fielding serves a wide variety of businesses to create high quality products from chemical waste that are distributed worldwide. For over 25 years Fielding has been a Canadian leader in the collection and reclamation of refrigerants, they offer their customers a full product line of both reclaimed and virgin product options. Fielding is committed to helping their customer’s save money while improving their environmental stewardship programs The Right Way ™.
Lithium-ion batteries are being used for everything from laptops to electric vehicles (EVs). With policies around the world contributing to the trend towards EVs, the demand for these batteries is only going to continue to increase. By 2030, the International Energy Agency predicts a 95% increase in EVs on the market, or about 145 million vehicles compared to the 7.2 million on the roads in 2019. But as with many new mass-produced technologies, their supply chain raises new questions. Where do we source the raw materials? Are the methods ethical? Are they renewable or finite resources? Can we source and manufacture these batteries domestically, or do we have to import them? As we start to see the first large cycle of EVs reach the end of their 10 year lifespan, what do we do with these batteries? Heritage Battery Recycling is a new business we established not only to find the current answers to these questions, but to address them in a manner that prioritizes the protection of human health and the environment.
Despite the name, the largest raw material that goes into lithium-ion batteries isn’t lithium – that typically makes up only 2-3% of these batteries. Cobalt on the other hand can make up about 20% of electric vehicle batteries, making it one of the most sought-after resources. 65% of the world’s known supply of cobalt comes from one place – the Democratic Republic of the Congo – and that supply is finite, meaning as more products demand lithium ion batteries, the higher the prices are for this metal. The sourcing of the cobalt, the labor forces, and conditions under which they are mined are logistically challenging and ethically questionable.
Heritage Battery Recycling will disrupt that supply chain by recovering cobalt through a recycling process, eliminating or significantly reducing the amount that we need to purchase from the traditional mining sources. This not only shifts a significant financial portion of the supply chain to the United States instead of relying so heavily on foreign imports, but also contributes to a more circular, less wasteful economy – and eliminates the need to rely on unethical labor practices. “These batteries represent a paradigm shift towards sustainability in our economy and recycling them will ensure that sustainability is reflected throughout the entire supply chain and product life,” said Shane Thompson, President of Heritage Battery Recycling.
Current projections estimate that we can recover greater than 90% of cobalt from existing EV batteries at the end of their “useful life,” which can then be used in the production of new lithium ion batteries. With the aid of the brilliant researchers, engineers, and scientists at the Heritage Research Group, and partners like Heritage Crystal Clean, we are currently working alongside customers to address their concerns and surrounding lithium battery production and disposal. “Battery recycling is not only the smart thing to do, it is the right thing to do!”