Soneva Foundation launch The Stove Project.
Pioneers of environmentally-responsible luxury resorts, Soneva, have added another notch to their impressive belt of socially-minded projects with the launch of The Stove Project.
A partnership between the Soneva Foundation and Cleaner Climate, the Stove Project aims to fund the distribution of fuel-efficient cook stoves to improve the lives of Myanmar families.
Myanmar has one of the fastest rates of deforestation in the world, with most of the wood used for domestic cooking – which, as the result of air pollution, kills four million people worldwide per year.
The Stove Project is the first Gold Standard Foundation certified carbon project in Myanmar that will see the distribution of fuel-efficient cook stoves to over 200,000 families .
Each stove will save 2.5 tonnes of wood per year and reduce air pollution by 80% – improving the health and safety of the whole community.
To encourage people to support The Stove Project, Soneva Foundation and Cleaner Climate are running a 12-month social media campaign, which aims to sell Stove Credits to consumers in the UK, Australia, New Zealand and Singapore.
Anyone who purchases a Stove Credit – also known as a carbon credit, the emission reduction equivalent of one tonne of carbon dioxide – will go in the draw to win a holiday at Soneva Jani and Soneva Fushi in the Maldives.
The Stove Project carbon credits are produced under a methodology certified by the Gold Standard Foundation, where the reduction in wood consumption by the efficient cooking stoves helps to preserve carbon dioxide stored in the unique vegetation and biodiversity of forests.
Soneva is built on the belief that a business must exist for a greater purpose than shareholder returns, and this project is just one of the many amazing things the company is doing around the globe through its dedicated foundation.
The Soneva Foundation supports the development of environmental projects that have a positive environmental, social and economic impact. Wherever possible, the Foundation uses impact investing principles, seeking to recover outlays through carbon finance, which in turn will be fed back into projects to help extend the reach and benefits to more families.