Caltex launches carbon offset program for Filipino motorists

CHEVRON Philippines Inc. (CPI), the marketer of the Caltex brand of fuels and lubricants, has announced the launch of the Caltex Carbon Offset Program, a voluntary carbon offset initiative for Caltex service stations across the Philippines. This program mirrors similar launches in Malaysia and Singapore, undertaken in 2023 and 2022, respectively.

The initiative enables customers to participate in efforts to offset a portion of certain carbon dioxide equivalent emissions by contributing their Caltex Rewards points. Caltex Rewards members can engage in this program by redeeming loyalty points for Carbon Offset vouchers on the CaltexGO app. These points can then be converted into cash value and utilized by Caltex and its affiliates to invest in verified sustainability projects.

All forms of vehicles refueling at Caltex service stations, including cars, trucks, or motorcycles can offset a portion of certain carbon dioxide equivalent emissions from the combustion of their fuel purchase by using their Caltex Rewards points.

A carbon offset involves reducing greenhouse gas emissions by balancing one’s current carbon emissions through activities such as land conservation or restoration, sustainable energy investments, and tree planting. Companies and individuals can purchase certificates by investing in activities that lower carbon dioxide (CO2) levels in the atmosphere.

Chevron will allocate the equivalent value of redeemed loyalty points to two selected carbon offset projects in Indonesia and Cambodia.

Rimba Raya Biodiversity Reserve Project, which is located in Central Kalimantan. It is a land preservation project aiming to reduce Indonesia’s emissions and safeguard 64,000 hectares of tropical peat swamp forest. The biodiverse area is home to the endangered Bornean orangutan and is designed to protect the integrity of the world-renowned Tanjung Putting National Park.

Reduced Emissions from Deforestation and Degradation in Seima Protection Forest in Cambodia encompasses a protected area spanning more than 290,000 hectares, this project is home to diverse wildlife and has prevented the release of over 20 million tons of CO2 emissions. It has also preserved 25,000 hectares of forest from destruction and created jobs while supporting the local community through ecotourism ventures.

These projects have been registered, validated, and verified by the Verified Carbon Standard (VCS) program, the world’s most widely used greenhouse gases (GHG) crediting program.

“In 2022, Singapore launched Chevron’s lower carbon options for customers with the launch of the Caltex Carbon Offset Program. We have now launched the program in Malaysia and in the Philippines late last year. We are driving energy progress essential to a growing, dynamic world while listening to customer feedback,” said Billy Liu, CPI country chairman.

The Caltex Carbon Offset Program, along with other carbon reduction projects, is part of Chevron’s net zero aspiration for equity upstream Scope 1 and 2 emissions by 2050.