Economy of Love proves to be the most holistic carbon credit scheme
EoL covers all 4 dimensions of sustainable development: society, economy, culture, and environment. Thanks to our network of producers, buyers, and certifiers, EoL can support biodynamic farmers and producers of products with a positive impact, while sequestering net carbon and enhancing farm biodiversity.
Cultural Criteria Overview
- Factory supervisors and managers receive training to create space for cultural events.
- Conducting regular creative activities with employees.
- Respecting the local traditions/culture of the employees.
- Learning and encouragement individual well-being and self-development/creative expression.
- Working with local initiatives and enhance cultural activities.
Social Criteria Overview
- Providing fair and dignified working conditions.
- Providing employees with health & social insurance.
- Engaging with stakeholders through round tables.
- Ensuring a sustainable impact on and engagement with the local community.
- Employees receive awareness training on social topics.
Environmental Criteria Overview
- Following Biodynamic production/processing standards.
- Reducing packaging and using recycled material.
- Implementing sustainable water and waste management systems.
- reporting on Greenhouse Gas (GHG) Emissions.
- Employees receive ecological awareness trainings.
Economical Criteria Overview
- Providing data to conduct full cost accounting.
- establishing solidarity agreement between stakeholders.
- Providing wages that allow for a decent standard of living.
- Creating transparency in stakeholder relationships.
- Employees receive sustainable-economic awareness trainings.
The Standard aims to create a system that serves the global community by taking into account the living conditions of future generations. To do so, EoL commits to developing local communities through education, art and the creation of fair and dignified working conditions. EoL ensures that every carbon project validated and verified by our standard is transparent, follows the true cost accounting approach and covers the living wages of the workers along the value chain.
Not just about carbon
EoL builds on a personal approach to each of our farmers. We understand their needs and provide them with continuous hands-on support.
The EoL provides support for farmers applying the EoL certification principles on their land. This standard ensures the highest production quality through the application of biodynamic agriculture and continuous improvement in sustainability, ethics and cultural activities.
Access to International Markets
After receiving the EoL certification, the farmer’s product can be marketed through the unique Economy of Love network. A new and additional benefit of the certification is the EoL carbon credit scheme which the farmer can access. This provides for an additional income considering the environmental services that our farmers are providing anyways, like the production of compost, afforestation/ reforestation, crop rotation or the use of renewable energy.
Affordability and Transparency
Thanks to the full transparency of our system our customers can be assured that by buying EoL carbon credits they invest in a well-functioning value chain based on solidarity and sustainable agriculture. We believe that everyone should have easy access to healthy and biodynamic nutrition. EoL products’ prices are made competitive and affordable thanks to additional revenue streams from selling carbon credits.
Human activities are exploiting nature at a rate far greater than it can be replenished. The latest research finds that the balance and functioning of every ecosystem rely on its biodiversity – variability among living organisms from all sources. Biodiversity is considered to be one of the 9 planetary boundaries whose functioning is essential for our human existence.
Land-use change is the leading reason for biodiversity loss, while conventional agriculture is the major driver for this change. The EoL together with its partner farmers is devoted to spreading regenerative agriculture practices, which preserve nature and contribute to rich and resilient biodiversity. Applying the method of EoL and biodynamic agriculture implies that 10% of farmer land is dedicated to enhancing and supporting biodiversity. Our approach integrates a sustainable crop mix and crop rotation tailored to local climate conditions.