Tasman Environmental Markets (TEM), a leading Asia-Pacific carbon offset solutions provider, and biodiversity credit project developer Wilderlands are redefining corporate sustainability as their Extended Impact product swiftly becomes a fastest growing solution for Aussie businesses. Since launching in September, 15 organisations, including Matchbox Pictures, ACOR Consultants and Laneway Music Festival, have invested in the solution, permanently protecting over 70,000 square metres (nearly four times the size of the Melbourne Cricket Ground!) of threatened Australian biodiversity, and the home to over 730 native species.
The Extended Impact product combines a one-square-metre Wilderlands Biological Diversity Unit (BDU) in South Australia, Victoria or New South Wales, with a certified carbon credit from TEM, such as the April Salumei Rainforest Community Conservation Project in Papua New Guinea – blending measurable carbon emissions reduction with native biodiversity impact.
TEM reveals that the hybrid environmental solution has become one of the most popular solutions on their online climate marketplace, TEM Online, reflecting the rising trend of organisations wanting to be closer to their sustainability investments by supporting climate action they can see at a local level.
“We’ve noticed a shift in organisations wanting to support projects local to them and their operations, while also meeting their carbon emissions reduction targets,” said Adrian Enright, CEO, TEM.
At this year’s United Nations Conference of the Parties 29 (COP 29) in Baku Azerbaijan, integrating net zero and nature was highlighted as an opportunity to support more holistic global impact, placing instruments such as the Extended Impact solution at the forefront.
“The growing awareness of the interconnectedness between biodiversity and climate action, coupled with an increasing desire for businesses to improve their impact on nature, explains the popularity of our Extended Impact solution. Organisations can be confident they are making a verifiable difference while providing a richer, more tangible climate action story to share with their stakeholders,” said Enright.
The TEM and Wilderlands’ collaboration highlights the power of innovative partnerships in tackling the dual crises of climate change and biodiversity loss. The Wilderlands projects supported via the Extended Impact solution span across Australia, including Coorong Lakes in South Australia, Budgerum Grassland in Victoria, and Alleena Woodlands in New South Wales.
ACOR Consultants, an Australian multi-service engineering consulting company, acknowledge their responsibility to contribute to a better world now and for future generations. They chose to invest in the Alleena Woodlands Extended Impact solution to support their national operations working across ten offices and align with their broader sustainability goals.
“At ACOR, we are committed to a sustainable future. In measuring our carbon footprint, we elected to offset our flight emissions in FY2024 and wanted to do so by supporting local initiatives. We selected to purchase offsets via TEM as they were recommended by one of our partners and cover programs in Australia and the Asia-Pacific region. We are proud to support the Wilderlands Alleena project in NSW and contribute to the protection of nature,” said Michael Goodwin, MD, ACOR Consultants.
“Thanks to Extended Impact customers like ACOR Consultants, we have been able to permanently protect 70,000 square metres of Australian biodiversity, which includes conserving the homes of many endangered flora and fauna including the Metallic Sun Orchid, Fat-tailed Dunnart, Pink Cockatoo, and more,” said Ash Knop, CEO, Wilderlands.
The Extended Impact solution also meets the requirements of the Australian Government’s Climate Active Program, with each unit retired on an independent registry, ensuring transparency and credibility.
About TEM
TEM is a leading Asia-Pacific carbon offsetting solutions provider, across voluntary and compliance markets, including being the largest provider of voluntary Australian carbon credits. TEM supports business goals through a range of end-to-end carbon solutions, including corporate carbon credit portfolios, digital sales and carbon project development and investment options, and its trading desk. Since 2014, TEM has helped finance more than 300 projects in 30 countries, reducing over 11 million tonnes of carbon emissions, as well as providing community and biodiversity benefits. TEM is trusted by many leading, iconic global brands and located in offices around Australia and the Asia-Pacific region.
To find out more, see: www.tasmanenvironmental.com.au
About Wilderlands
Wilderlands has developed one of the world’s first voluntary biodiversity units and created a platform to make it easy for individuals and organisations to start protecting nature today. The Biological Diversity Unit (BDU) represents a 1sqm plot of permanently-protected and actively managed land in high ecological value projects across Australia.
Since launching in early August 2022, Wilderlands have protected over 200,000 square metres of vulnerable ecosystems with supporters ranging from individuals through to large organisations, philanthropists and several environmental advisory groups.
Learn how we can help you start protecting Australia’s precious biodiversity today.
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