Caltex launches carbon offset program in PH

MANILA: Chevron Philippines Incorporated (CPI) has launched the Caltex Carbon Offset Program.

In a statement, the company noted that the voluntary carbon offset program — introduced in Malaysia and Singapore in 2023 and 2022, respectively — allows customers to contribute in efforts to offset a portion of certain carbon dioxide equivalent emission by contributing their Caltex Rewards points.

Caltex Rewards members can redeem loyalty points in exchange for carbon offset vouchers in their CaltexGO app. The points can then be converted into cash value and used by Caltex and its affiliates to invest in verified sustainability projects.

Per CPI, cars, trucks or motorcycles users can offset a portion of certain carbon dioxide equivalent emissions from the combustion of their fuel purchase by using their Caltex Rewards points.

A carbon offset is a reduction of greenhouse gas emissions by balancing one’s current carbon emissions through land conservation or restoration, sustainable energy investments and tree planting. Companies and individuals can purchase certificates by investing in activities that lower carbon dioxide in the atmosphere.

Chevron will invest the redeemed loyalty points’ equivalent value to two of its chosen carbon offset projects in Indonesia and Cambodia.

Based in Central Kalimantan, the Rimba Raya Biodiversity Reserve Project is a land preservation project that eyes to cut down Indonesia’s emissions and preserve 64,000 hectares of tropical peat swamp forest. The biodiverse area is home to the endangered Bornean orangutan and is designed to protect the integrity of the world-renowned Tanjung Putting National Park.

On the other hand, the Reduced Emissions from Deforestation and Degradation in Seima Protection Forest, Cambodia covers a protected area spanning more than 290,000 hectares. It is home to diverse wildlife and has prevented the release of more than 20 million tons of carbon dioxide emissions. It has also saved 25,000 hectares of forest from destruction. Further, the project has created jobs and established an ecotourism venture to support the local community.

The projects have been registered, validated and verified by the Verified Carbon Standard (VCS) program, the world’s most widely used Greenhouse gases (GHG) crediting program.

“In 2022, Singapore launched Chevron’s lower carbon options for customers with the launch of the Caltex Carbon Offset Program. We have now launched the program in Malaysia and in the Philippines late last year. We are driving energy progress essential to a growing, dynamic world while listening to customer feedback,” CPI Chairman Billy Liu said.

The Caltex Carbon Offset Program, along with other carbon reduction projects, is part of Chevron’s net zero aspiration for equity upstream Scope 1 and 2 emissions by 2050.

Photos from Chevron Philippines Incorporated

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