Climate Safe 360°
Climate Safe 360° is one building block of our corporate strategy and helps us to record greenhouse gas emissions, identify relevant emission sources and develop possible reduction measures. Since 2018, we have been accounting for the greenhouse gas emissions of our business activities and traded goods. Separately from this, by the beginning of September 2026 emission credits from external climate protection projects with a stated total volume of around 67,000 t CO₂e had been purchased and retired.
What does CO2-compensated mean and when is something climate neutral?
Before we go into Climate Safe 360 °, we should clarify a few terms and backgrounds. You have probably noticed that many companies advertise with terms like "climate neutral", "CO2 neutral", "climate compensated" or "CO2 compensated". It is not always explained what is meant by this. But this is very important, because the terms are not self-explanatory. In principle, products or actions are labeled with these terms if they have no negative impact on the CO2 concentration in the earth's atmosphere, e.g. by offsetting emissions in climate protection projects.
However, there is increasing criticism of the terms: "Climate neutral" and "CO2 neutral", for example, imply that the respective products or companies are free of CO2 emissions - but this is often not the case. The terms "CO2-compensated" and "climate-compensated" are also ambiguous, because they do not indicate the percentage of emissions that have been offset and where and how the offset takes place. Sometimes the labels are awarded even if only part of the emissions are offset instead of all of them.
Product Carbon Footprint (PCF) and Corporate Carbon Footprint (CCF)
Let's take a closer look at this topic: In order to be able to offset emissions at all, companies draw up a greenhouse gas balance sheet. This balance is divided into two parts. First, the Corporate Carbon Footprint (CCF) is determined. This exclusively highlights the company and its emissions (e.g. electricity consumption, employees' journeys to work by bus and train, etc.). Companies that produce or trade in physical goods (such as Green Box) also have a Product Carbon Footprint (PCF). This balance refers to our entire product range and thus to each individual product. This includes all stages of production: from materials to manufacturing to transport routes.
For comparison: the share of our PCF is 99.6 percent, the CCF is only 0.4 percent of the total balance. The manufacture of our products therefore causes the most emissions by far. Some companies only offset their CCF and still advertise with the terms "climate neutral" or "CO2-compensated". Only when you take a closer look do you realise how small the share is.
That is why we offset all CO2 emissions in production, transport, companies and resources - i.e. our CCF and PCF - with full conviction. With the composition of CCF and PCF, we achieve our goal of a 100 percent CO2-compensated company. Not because we have to, but because we want to actively contribute to climate protection. For a sustainable future of our green planet.
Climate protection projects in India
We currently support the following Gold Standard projects in India:
- “GS11401 – Bhesada Wind Power Project in Rajasthan”
- “GS11450 – MicroEnergy Credits – Microfinance for Clean Energy Product Lines – India”
Under these projects, electricity is generated by wind turbines and solar energy and fed into the Indian power grid. In this way, electricity from fossil energy sources can be displaced, in line with the verified calculation method defined for each project.
In 2025, Greenbox financed and had retired a total of 7,500 t CO₂ emission credits from these projects. The related registry and retirement records can be viewed here:
Putting our financial contributions into context
The stated volume refers to the nominal value of the emission credits purchased and retired. The credits are not counted as compensation, neutralisation or reduction of the emissions of our products, traded goods, orders or company.
We do not derive any climate neutrality, emission reduction or positive environmental impact of our products from our financial support of the projects.
Projects we have supported in the past
Between 2019 and 2025, emission credits from various external climate protection projects that can be attributed to Greenbox were purchased and retired. Their stated total volume is around 67,000 t CO₂e.
- Forest protection in Kenya: 13,294 emission credits from the “Kasigau Corridor REDD Project – Phase I Rukinga Sanctuary” (VCS 562) were purchased and retired in 2019 and 2020. The project is concerned with protecting dry forest and savannah areas.
- Afforestation in India: 21,031 emission credits from the “TIST Program in India” (VCS 994) were purchased and retired between 2020 and 2022. The project works with participating smallholders who grow trees on their own land.
- Cookstoves and water purification in Guatemala: 6,605 emission credits from the “Ecofiltro Guatemala Improved Stoves and Water Purification Project” (GS1321) were purchased and retired in 2022. The project comprises more efficient cookstoves and water purification systems.
- Improved cooking practices in Nigeria: 7,707 emission credits from “Promoting Improved Cooking Practices in Nigeria” (GS7312) were purchased and retired in 2022. The project focuses on more efficient cookstoves in order to reduce fuel consumption and smoke compared with the cooking methods used previously.
- Solar energy projects: 2,629 emission credits from the “Ejuva One and Ejuva Two Solar Projects” (VCS 1885) were purchased and retired in 2022.
- Wind energy in Gujarat: 8,000 emission credits from the “300 MW Wind Power Project in Gujarat by Alfanar Power” (GS7745) were purchased and retired in 2023.
- Wind energy in Rajasthan: 5,000 emission credits from the “Bhesada Wind Power Project in Rajasthan” (GS11401) were purchased and retired in 2025.
- Decentralised energy solutions in India: 2,500 emission credits from “MicroEnergy Credits – Microfinance for Clean Energy Product Lines – India, CPA 39” (GS11898) were purchased and retired in 2025.
Putting the figures into context
The quantities stated refer to the nominal volume of the emission credits purchased and retired. They are not counted as compensation, neutralisation or reduction of the emissions of our products, orders or company. The impact actually achieved by each project is presented exclusively in the respective monitoring and verification reports.
From our support of the projects, we do not derive any direct connection with the environmental impact or greenhouse gas balance of individual Greenbox products. Where available, we publish details of the projects including, among other things, project name, operator, registry number, standard, and retirement quantity and date.
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