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Alquity – Carbon Offset

At Alquity, we firmly believe that actions speak louder than words. Although the nature and size of our business mean that our direct emissions are relatively low, we remain committed to sustainability and environmental responsibility. That is why we have offset all our greenhouse gas (GHG) emissions from essential business travel for 2024 — a total of 72 tonnes.

Why Tradewater Carbon Credits?

For our carbon offset initiative, we have chosen Tradewater carbon credits. Tradewater operates impactful projects across Latin America, Ghana, the United States, and Thailand. Their credits are certified by the American Carbon Registry and Verra.

The Impact of Tradewater’s Work

Tradewater focuses on collecting ozone-depleting substances (ODS) from refrigerant stockpiles. These substances, if released to the atmosphere, would contribute to climate change and ozone layer depletion. You can read more about this on this article from National Geographic.

Tradewater ensures that these gases are safely transported to incineration facilities that meet the standards of the Montreal Protocol, permanently eliminating them.

In addition, Tradewater is also addressing another critical issue – methane leaks from abandoned and orphaned oil and gas wells in the United States. Methane is a potent greenhouse gas with a significantly higher warming potential than CO2. By preventing these leaks, Tradewater is tackling a major challenge in the oil and gas industry and delivering a high-impact solution for climate mitigation.

Our Commitment to a Sustainable Future

Choosing to offset our emissions through Tradewater is just one of the ways we integrate sustainability into our business practices. We recognize that environmental responsibility goes beyond mitigating our own footprint.

We encourage other businesses, regardless of their size, to take similar steps. Collective action is crucial in the fight against climate change, and together, we can drive real change toward a more sustainable future.

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Shivia: Developing Sustainable Livelihoods for Rural Families (March 2025)

In January 2025, Suresh Mistry, Head of Sustainability at Alquity Investment Management, visited the operations of Shivia in India. Shivia is a charity partner of the Alquity Transforming Lives Foundation, whom we have supported for several years, most recently through donations to help them commence new projects. This visit gave Suresh the opportunity to see the impact of the work Shivia and their local partners undertake, as well as speak to the beneficiaries about their experiences and conduct consumer panels with both employees and of Shivia.

SHIVIA: SOME BACKGROUND

Shivia was founded in 2008, initially starting its operations in West Bengal. Shivia’s first major initiative was the Poultry Development Service (PDS), which aimed to support women farmers by providing them with 10-day-old chickens, feed, medicine, and vaccinations. The program also trained the farmers on how to care for the chickens and sell the eggs/meat. To select eligible farmers for the poultry program, Shivia developed a scoring system based on factors like housing type and cooking fuel used, which enabled them to target aid to farmers with the lowest scores and the greatest need. The goal of the poultry program was to make the farmers financially independent within 3–4 years. By the end of the program, many farmers were able to grow their flock from 10 chickens to 150–200 chickens.

In 2014, Shivia expanded its operations to the Agriculture Development Program, which aimed to address the financial challenges faced by crop farmers in West Bengal. This program included soil testing, group formation, training on bio farming practices, and connecting farmers to government schemes. This program has supported around 14,000 farmers in West Bengal and 2,000 in other states. In 2023, Shivia launched its Fish Farming Program, which focused on utilizing the abundant ponds in West Bengal for commercial fish production. The program provided fingerlings and training to farmers on pond management and fish farming. It initially started with 50 farmers and have since expanded it to 250 farmers, with plans to expand based on learnings from the initial trials.

SELENA’S CHICKEN FARMING SUCCESS STORY

Selena, a resident of a rural village, has been running a successful chicken farming project for the past one and a half years. Through this initiative, she has not only generated a steady income but also expanded her entrepreneurial ventures. Selena started her chicken farming project with an initial investment of 800 rupees ($10) for 10 chickens. This covered the registration fee as well as the cost of building the chicken coops and providing electricity. With the guidance and training provided by the project organisers, Selena was able to effectively manage the chickens’ feed, health, and sales. The chickens Selena raises fetch a price of around 170 rupees per kilogram, with each chicken weighing approximately 2 kilograms. This allows Selena to earn a profit of 2,000 to 2,500 rupees every four months from her initial investment of 800 rupees. The high profitability of the chicken farming project has enabled Selena to reinvest her earnings. She has used the profits to start a small shop in her village, selling various food and jewellery items. Selena’s chicken farming project serves as an inspiring example of how the Shivia PDS can help transform the lives of the rural poor in India. The project’s success can be attributed to the comprehensive training and support provided, as well as Selena’s dedication and hard work.

“With the help of the Shivia Livelihood Service Providers, I have been able to build my chicken flock and use the money I make to fulfil my dream of running a shop in the village.” (Selena)

ALQUITY-FUNDED PROJECT NEAR RAIPUR IN CHHATTISGARH

Since 2024, Alquity has helped Shivia fund a new PDS project for tribal women in Chhattisgarh, one of the poorest states in India. Suresh visited the project to see how it was progressing and to learn more about a trial Shivia was undertaking with our support. The project was within the Barnawapara Forest area, around a 1.5-hour drive from Kasdol, a small town approximately a 2-hour drive from Raipur, the state capital. In this area, Shivia works closely with a local partner called KALP, which was founded 25 years ago and has strong local connections. This history has enabled the KALP team to build long-term, supportive relationships with the tribal communities, who are typically very wary of support from “outsiders.” Unlike West Bengal, where villages are close together, here the villages are more remote and consist of small hamlets of 15–20 houses clustered together. Due to this unique geography, Shivia is able to support multiple farmers in the same village, as the farmers can sell their chickens over a wide range and therefore do not compete. In addition, commercial buyers are able to visit the villages and buy in bulk, providing an additional route to market. I met with a group of farmers in the village and learned from them about their experience with the support that KALP provided. The farmers expressed deep gratitude for the support and training provided by the Livelihood Service Providers (LSPs). They highlighted how the LSPs have taught them crucial skills, such as how to properly vaccinate the chickens. Before the project, the farmers only had sporadic work as agricultural labourers during the farming season. The chicken farming programme has provided them with a steady source of income that they can rely on year-round. They are now able to use the money earned from selling the chickens to prepare for festivals, buy clothes and other necessities for their children, and support their children’s education. Overall, the support provided through training, resources, and market linkages has been transformative for these farmers. It has enabled them to transition to sustainable poultry farming, significantly improving their household incomes and quality of life for them and their families.

TESTING A NEW APPROACH

The team is experimenting with two different chicken farming models: a hybrid bird model that grows faster (three months) and an indigenous bird model that grows more slowly (five to six months) but is more expensive and flavorful. A major challenge with the hybrid bird model is predators like snakes and pythons, which have caused significant losses. The indigenous birds are stronger and better able to defend themselves. The team is taking a data-driven approach and considering A/B testing to compare the outcomes of the two models. They are also carefully timing chicken distribution to avoid extreme weather conditions. Overall, the team is focused on iterating and improving the chicken farming models to best serve the remote, underserved
communities they work with.

CONCLUSION

As investors, it is crucial to understand that Alquity’s impact goes beyond financial returns. By supporting organizations like Shivia, we contribute to a virtuous cycle of economic empowerment, improved livelihoods, and sustainable development. This holistic approach to investment sets Alquity apart and drives our mission to transform lives through the power of investment.

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An update on Phool (February 2025)

Phool (named after Hindi for ‘flower’) was selected as one of the Transforming Lives Awards winners back in 2019. Phool was selected for its groundbreaking
business model, recycling temple flowers into environmentally friendly incense products. Phool employs mainly women from disadvantaged backgrounds, providing them with stable employment and opportunities for training and development.

In January 2025, Suresh Mistry, Head of Sustainability, visited Phool to catch up with the team on developments in the business over the past year, as well as to conduct another consumer panel with the flowercycling team. Please find the report following his visit.

 

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Transforming Lives in India: Shivia

Alquity’s business model is built on a core commitment: dedicating 10% of our fund fees to the Transforming Lives Foundation. Our Foundation aims to address social and economic challenges in the regions where we invest by providing grants to social enterprises.

We are happy to announce that, in addition to the $25,400 donated in January, we are contributing another $12,700 to Shivia.

These grants have empowered over 200 women to earn a sustainable income for the very first time. Among them is Anjali, who became deaf-mute following an accident as a teenager and faced immense difficulties in providing two daily meals and covering her son’s education and clothing expenses. With the support of Shivia’s toolkit and her very hard work, Anjali is now planning to expand her chicken farming enterprise.

Thank you to our clients and investors – your continuous support makes stories like Anjali’s transformation possible!

 

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Transforming Lives in India – Alquity TL Foundation’s new grant to Shivia

In 2024, Shivia will expand into a new area in India within the state of Chhattisgarh and work with 400 beneficiaries on the Poultry Development Services Programme. This January, through our Transforming Lives Foundation we have donated £ 20,000 to Shivia to support the first year of the programme there, providing toolkits and training to 200 women in order to transform their lives and those of their families.

About Shivia: it was founded in 2008 and is a UK registered charity working in both India and Madagascar.

About the Poultry Development Services Programme: It provides women with a ‘toolkit’ so that they can earn money from raising chickens and selling the produce – mature chickens and eggs. For many women, this is the first opportunity they have to earn their own money.