Calypso Star Charters has decided to sacrifice its carbon neutral status in order to fund local environmental projects.
Keen to make more of an impact locally, the company has decided to use the $12,000 it once spent on credits to offset its emissions to set up a local environment fund.
The company was a carbon neutral company from July 2016 to June 2019, offsetting 100 per cent of its carbon emissions by purchasing carbon credits.
Calypso Star Charters general manger Andrew Wright said the company was purchasing carbon credits to offset its environmental impact from fuel and oil use, travel and electricity.
The money used to purchase the credits goes towards funding projects such as installation of renewable energy or reforestation.
Mr Wright said Calypso began reflecting on what it meant for it to be carbon neutral when the company doing its audits to identify where its emissions were coming from decided to move away from auditing and into creating credits through re-vegetation.
He said while carbon credits were ultimately beneficial in the financial support they provided to tree planting and renewable energy, the spending had no direct impact on the local economy or environment.
"We wanted to do better and be more active in our local community," he said.
Mr Wright said the money would be spread out across the financial year and he hoped it would support environmentally focused ideas from a wide range of community groups, sporting clubs and schools.
He said the company wanted to support projects that would have a measurable benefit and it had already been approached by some groups.
"I think it will be exciting to see what people come up with," Mr Wright said.
"We're looking forward to working with and supporting the community in an environmentally conscious way."
Through the support of Eco Tourism Australia, Calypso Star Charters continues to satisfy the requirements of their Climate Action Leader certification it achieved in 2017.
Visit the Calypso Star Charters website www.sharkcagediving.com.au/local-environment-fund for more information.