- offset 100 percent of our firm's estimated 728 tons of carbon-dioxide equivalent emissions beginning this year;
- to purchase offsets for our young portfolio companies (the dozen or so with 15 or fewer employees, and probably 3 to 5 more startups each year); and
- to reduce our total carbon emissions 25 percent by 2013 (and continue to purchase carbon credits to offset the balance).
Justin Label (head of Bessemer's CleanTech practice):
"While we have set aggressive targets, we also recognize that energy is critical to the economy and that for the foreseeable future, most energy will have a carbon footprint. Therefore, being 'carbon neutral' is not our ultimate goal. Rather, we hope this initiative will serve as a way to stay engaged on carbon issues and add to the pool of capital available for creative solutions."
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