What have forklifts got to do with climate change
What have forklift trucks got to do with climate change?
It’s a fair question. When we think about taking positive climate action, we don’t usually consider forklift trucks as part of the problem or the solution. However, standard forklift trucks use around 55,000 litres of diesel a year and are carbon intensive due to the fact they’re in use 24/7. Replacing just one diesel-powered forklift avoids 124 tonnes of CO2 emissions each year, so being able to replace them at scale in businesses across Nigeria will have a huge positive environmental impact.That’s why Energise Africa is delighted to launch a new bond offer from Bisedge, a pioneering green logistics business, based in Nigeria, that will fund the provision of 5 new electric forklifts, which will be supplied to industrial and logistics companies in Nigeria. Check out the latest bond offer from Bisedge here.
How can my investment make a difference?
By investing to help Bisedge supply five new electric forklifts, you are contributing to sustainable development in sub-Saharan Africa and directly reducing industrial carbon emissions.
To put it in context, if you were to take a single day’s ski holiday, you would generate approximately 48.9 kg of CO₂ emissions per person (1), with transportation to the resort being a significant contributor. By investing £100 in the Bisedge bond offer, you’d be contributing to an annual reduction of 248 kg of CO₂ so you can see this kind of investment is a way of offsetting your holiday emissions.
An additional social impact
And if carbon savings aren’t impact enough, investments in Bisedge help to create a positive social and economic impact in Nigeria. For every forklift provided by Bisedge to clients, 4 new secure jobs are created. Having ‘secured employment’ is incredibly important for workers in Nigeria, where 80% of the working population is employed in the ‘informal sector’ (2) where jobs are not secure and Nigeria ranks 3rd in the world in terms of the informal economy as a % of GDP. (3)
Empowering female employment opportunities
A truly forward-thinking business, Bisedge is the first company in Nigeria to offer jobs for women as forklift drivers. In fact, they have set a target for women to make up 20% of their workforce, and to achieve that, they have launched the Female Operator Programme - a free training resource for Nigerian women with the offer of a guaranteed job at the end. For many women, this presents a life-changing opportunity to find secure employment in a growing sector with career prospects.
Make a Positive Impact with BisedgeSo whether you are thinking of investing to contribute to sustainable economic development in sub-Saharan Africa, or like the idea of offsetting your own emissions, investments in the Bisedge bond offer not only mitigate environmental impact but also target a financial return of 7% and can be held within an IFISA for potential tax-free returns.*
Check out the latest bond offer from Bisedge here.
*Tax-free status is individual and subject to changes in legislation. Please consult a tax professional if you are uncertain about your eligibility.
- https://bonpote.com/en/is-skiing-an-ecological-horror/
- https://www.mondaq.com/nigeria/redundancylayoff/1147804/social-security-in-nigeria-a-case-for-increased-collaborative-participation-by-the-working-population-and-the-government
- https://www.worldeconomics.com/National-Statistics/Informal-Economy/Nigeria.aspx