Since adopting its environmental policy in 2006, Cirque du Soleil has been persistent in its efforts to become a more environmentally responsible organization. Cirque wants to do its part with respect to the major issue that is climate change. It was with this in mind that we undertook an inventory of Cirque’s greenhouse gas (GHG) emissions for 2009, in accordance with the ISO 14064 standard. This inventory will be updated every year and will help us identify the most meaningful targets in order to reduce our GHG emissions.
Based on this inventory, we have established the monetary value of carbon credits that Cirque needs to become carbon neutral by taking into account its direct GHG emissions and indirect emissions from purchased electricity. This value was budgeted according to the average monetary value of carbon credits on the voluntary market. Instead of simply buying carbon credits, however, we decided to invest this sum in innovative projects seeking to reduce the GHG that our activities emit. That is why we have created the carbon reserve at the beginning of 2011.
The aim of the carbon reserve is to bring a tangible contribution to improving the company’s annual carbon balance sheet by reducing direct GHG emissions and indirect emissions from purchased electricity, promoting research and development aimed at reducing direct GHG emissions, encouraging internal decision-makers to adopt management practices that favour a reduction in the company’s GHG emissions, as well as educating and increasing employees’ awareness of climate issues.
Among the projects approved for 2011, let’s mention the purchase of transformers to be used for part of the electrical energy at touring sites when the power grid is available, the replacement of incandescent by LED lighting in the concession tents of our big top touring shows, the replacement of mercury thermostats by electronic equipment in some of our offices and warehouses and updates to the company’s GHG emissions calculator.
Sustainable Development Approach