Oregon Climate Trust

aka The Climate Trust   |   Portland, OR   |  www.climatetrust.org

Mission

The Climate Trust combats climate change by funding and managing projects that reduce greenhouse gas emissions.

Ruling year info

1997

Executive Director

Mr. Julius Pasay

Main address

80 SE Madison St Suite 420

Portland, OR 97214 USA

Show more contact info

EIN

91-1829325

NTEE code info

Natural Resource Conservation and Protection (C30)

Forest Conservation (C36)

Water Resource, Wetlands Conservation and Management (C32)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

NW Natural Smart Energy

Thousands of homes and business are reducing their natural gas use and offsetting the rest with Smart Energy from NW Natural. For as little as $5.50 a month, NWN customers can support innovative environmental projects here in the Western United States.

Through the Smart Energy program, NW Natural and The Climate Trust will invest in carbon offset projects that are most compatible with NW Natural's business—natural gas distribution. The major focus will be investments in biogas development in the local region. And with 14 million pounds of cow waste generated in Oregon each day, there's a lot of potential energy just waiting to be utilized. Smart Energy dollars are invested in projects that prevent the release of greenhouse gases.

In exchange for customer contributions, Smart Energy participants will have "Carbon Offsets" retired on their behalf. By helping a project become financially viable, they'll get credit for greenhouse gases removed or kept out of the atmosphere - equal to the amount of carbon dioxide created by their own natural gas use.

While many types of projects can provide positive environmental benefits, NW Natural focuses on biogas, which has the greatest potential to significantly reduce greenhouse gas emissions.

While natural gas is the cleanest burning fossil fuel, NW Natural believes we all must participate in finding ways to tackle the climate change challenge. Along with using energy as efficiently as possible, we think participating in Smart Energy is a step in the right direction.

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of list subscribers

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

This metric represents the number of subscribers to The Climate Trust's monthly newsletter.

Number of press releases developed and distributed

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

The number of media releases published each year by The Climate Trust.

Number of return website visitors

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Total tons of greenhouse gas reduced

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

We invest in high-quality greenhouse gas reduction projects from diverse sectors, with a focus on forestry, grassland conservation, and livestock digesters.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

With over 20 years of technical expertise and extensive market experience, The Climate Trust develops offset projects at their critical early stages, and manages the projects until sale of offset credits. An understanding of carbon markets and underlying risks includes robust due diligence, working with mission-aligned partners and active project management.

Achieving a low carbon economy should include cap and invest policies that result in cost-effective emission reductions with a high degree of certainty. Cap and invest promotes the use of offsets. Offset projects provide cost-containment and encourage the development of projects that are most often in rural communities to generate economic and environmental gains through carbon reduction projects.

The Trust's primary audiences include: impact investors, project developers, and organizations seeking to meet carbon mitigation goals. The Trust offers greater potential for carbon mitigation by investing proceeds from their managed carbon investment fund into critical early-stage projects; providing immediate value for the project's carbon credits; and offering access to our technical experts. The Trust's active involvement with project developers in our preferred sectors—forestry, biogas, and grassland conservation—will ensure healthy yields of credits and fruitful revenues from the sale of the environmental credits.

Climate Trust Capital Fund I has been a success. We plan on deploying the remaining capital into quality projects, while continuing to build a robust pipeline of investment opportunities in the biogas, forestry and grassland conservation sectors. This pipeline is currently being built through The Climate Trust's existing network of project developers already under contract, prospecting and networking at leading industry events, the issuance of a Request for Proposals for investment opportunities (as needed), and potentially the development of a national carbon-financing workshop for offset project developers.

The Climate Trust will invest capital into early-stage projects. Its planned investment sizes over a three year time period are in line with historic obligations the organization has contracted for in the recent past. The Trust is confident that given this track record and its reputation in the market as a credible counter party, it will be able to deploy the necessary capital over a three-year period.

The Climate Trust conducts pre-feasibility assessments of all projects and offers carbon project development support to ensure credit delivery materializes. We either do this work in-house or connect with preferred partner organizations around the country. Specifically, carbon project development support includes establishing a comprehensive development timeline and monitoring plan for the project; including, managing the listing on the appropriate registry, on-going data collection requirements, a monitoring schedule, and a verification schedule.

The Climate Trust serves the demand from potential buyers by developing and managing a scalable offset pool with one-stop contracting for compliance entities looking for seamless solutions to their obligations. Additionally, The Trust provides voluntary buyers with credits from targeted, charismatic projects throughout the U.S.; matchmaking based on criteria such as geographic location, areas or sectors of interest, and the vintage of carbon credits. The Trust's extensive portfolio of projects allow for the aggregation of offsets and mitigation of many risks that buyers face.

The Climate Trust invests in high-quality greenhouse gas reduction projects from diverse sectors, with a focus on forestry, biogas and grassland conservation. Our portfolio currently includes 103 projects in ten sectors, which have delivered more than 6.3 million tons of emission reductions. Our projects are contracted to generate 8.5 million tons in emission reductions. The offsets we retire and deliver provide tangible benefits for communities and the environment—all while meeting rigorous, third-party standards.

Financials

Oregon Climate Trust
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Oregon Climate Trust

Board of directors
as of 3/30/2022
SOURCE: Self-reported by organization
Board chair

Ryan McGraw

PacificCorp

Odin Knudsen

Real Options International

Jason Johns

Stoel Rives LLP

David Van't Hof

Van't Hof Legal and Strategic Services

Kelley Beamer

The Coalition of Oregon Land Trusts

Alexis Nelson

Gybe

Amrita Vatsal

EcoTrust Forest Management

Morgan Rider

Thriving Designs

Brad Hunter

Craft3

David Yeh

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 08/11/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability