Month: February 2024

Client background

KG Development Group, a real estate development firm based in Wauwatosa, Wisconsin, was founded by Anthony Kazee and Jamila Gray, two innovative emerging developers with a passion for bringing affordable housing to communities with supportive services for residents. KG Development Group sets themselves apart by being “intentional developers” and providing solutions to remove many social determinants of health barriers associated with housing needs.

The business challenge

As an emerging developer in the affordable housing industry, KG Development Group needed help conceptualizing, organizing and applying for funding sources to close its deals. Low-income housing tax credits (LIHTC) utilization can be nuanced and complex with the many financing hurdles that a developer needs to navigate. KG Development Group sought after a proven and experienced team to pull the funding structure together and visualize the project to make it come to fruition.

Baker Tilly’s strategy and solution

To address the challenges faced by KG Development Group, Baker Tilly’s housing team worked closely with Kazee and Gray to understand where the financing gaps were and how to overcome hurdles associated with various financing sources. The team also helped with market studies to get a better sense of their target community, application of tax credits, including LIHTC, structuring and closing services for an affordable housing building development in Sheboygan, Wisconsin and Milwaukee, Wisconsin. Baker Tilly helped the emerging developer build capacity through education and creating relationships to position KG Development Group and Kazee and Gray for future success.

For more insights, visit Baker Tilly’s multifamily housing page.

Client background

KG Development Group, a real estate development firm based in Wauwatosa, Wisconsin, was founded by Anthony Kazee and Jamila Gray, two innovative emerging developers with a passion for bringing affordable housing to communities with supportive services for residents. KG Development Group sets themselves apart by being “intentional developers” and providing solutions to remove many social determinants of health barriers associated with housing needs.

The business challenge

As an emerging developer in the affordable housing industry, KG Development Group needed help conceptualizing, organizing and applying for funding sources to close its deals. Low-income housing tax credits (LIHTC) utilization can be nuanced and complex with the many financing hurdles that a developer needs to navigate. KG Development Group sought after a proven and experienced team to pull the funding structure together and visualize the project to make it come to fruition.

Baker Tilly’s strategy and solution

To address the challenges faced by KG Development Group, Baker Tilly’s housing team worked closely with Kazee and Gray to understand where the financing gaps were and how to overcome hurdles associated with various financing sources. The team also helped with market studies to get a better sense of their target community, application of tax credits, including LIHTC, structuring and closing services for an affordable housing building development in Sheboygan, Wisconsin and Milwaukee, Wisconsin. Baker Tilly helped the emerging developer build capacity through education and creating relationships to position KG Development Group and Kazee and Gray for future success.

For more insights, visit Baker Tilly’s multifamily housing page.

GREENFIELD, Ind., February 7, 2024 /3BL/ – Athian (athian.ai) announced the establishment of the first-of-its-kind voluntary livestock carbon insetting marketplace, with the first accepted protocol aimed at reducing enteric methane emissions and improving feed utilization by using innovative feed management products from Elanco Animal Health (NYSE: ELAN). This new carbon marketplace creates an opportunity for farmers to monetize their greenhouse gas emission reductions.

Athian is verifying its first farms and creating, certifying and selling carbon credits within the dairy value chain. This means:

Dairy farmers of all sizes now have the opportunity to implement on-farm sustainability interventions, measure the impact and participate in third-party verification for their greenhouse gas emissions reductions. The resulting carbon credits can be offered for sale in Athian’s livestock carbon insetting marketplace.Companies in the dairy value chain (such as consumer-packaged goods companies and food retailers) can then purchase those carbon credits as contributions towards achieving their Scope 3 emissions reduction goals.With the purchase of these credits, economic value is returned to the farmer via the sale while supporting the U.S. dairy industry progress towards their own environmental commitments of greenhouse gas neutrality by 2050.1Over the long term, this marketplace will expand to other livestock & poultry.

“Athian’s first carbon credits for dairy are an exciting and crucial step as they demonstrate the ability to tangibly quantify and verify greenhouse gas emissions reductions and create monetary value for farmers for their efforts,” said Paul Myer, CEO of Athian. “This marketplace, specifically designed for the animal protein industry, is different than traditional offsetting carbon marketplaces because it keeps the value—economic value as well as positive environmental value—in the animal protein value chain.”

Empowering Farmers with Economic Opportunities

Despite widespread awareness of carbon markets by farmers, only 3% of farmers are participating in these markets today, according to a recent survey cited by the U.S. Department of Agriculture (USDA).2 Creating an inset market model that works with recognized supply chain partners makes it easier for farmers to measure and implement rigorous verifications, will help break these barriers to entry and accelerate progress.  

“As a co-creator and seed investor in Athian, we’re excited to see the company reach the milestones that will bring new value to farmers and help them advance toward climate-neutral farming,” said Jeff Simmons, President and CEO of Elanco Animal Health. “As a leader in animal health, we’ve focused first on delivering enteric methane reduction solutions to producers. If the entire U.S. dairy industry leveraged this intervention, it would avoid 4.7 million metric tons of CO2e emissions annually from enteric, feed and manure emissions. This is a game changer for value creation throughout the food chain, and it’s just the start. Environmental sustainability needs to be grounded in farmer profitability.”

Elanco also developed UpLook™, an insights-based engine designed to measure and monitor greenhouse gas emissions. The tool utilizes on-farm data and peer-reviewed science to identify key drivers of an operation’s carbon footprint and track the progress of their sustainability efforts. UpLook connects seamlessly to Athian’s cloud-based verification system to help farmers quantify their reduction efforts and certify carbon credits for sale.

Enabling The Value Chain to Achieve Sustainability Goals

Food companies and retailers have made public commitments to collectively reduce more than 100 million metric tons of greenhouse gas emissions by 2030. Despite the progress in corporate target-setting, the reduction of Scope 3 emissions, which typically come from the production of raw materials like milk, has been a significant challenge. The creation of Athian’s insetting livestock carbon credit marketplace provides companies in the animal protein value chain the opportunity to make meaningful progress toward their Scope 3 greenhouse gas reduction goals.

Athian and Elanco are participating in the Reuters Transform Food USA 2023 event on Thursday, November 2, 2023, to speak more about this transformation.

Enteric methane reduction carbon credits are now available for purchase through Athian’s insetting carbon marketplace. Visit www.athian.ai to learn more and connect directly with Athian.

Additional Resources:

https://www.athian.ai/knowledge-hub

ABOUT ELANCO
Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our Elanco Healthy Purpose™ Sustainability Pledges –all to advance the health of animals, people, and the planet.

ABOUT ATHIAN
Athian’s key mission is to help the beef and dairy value chains capture and claim carbon credits generated through on-farm sustainability efforts by aggregating, verifying, and certifying greenhouse gas (GHG) reductions, and monetizing those reductions for the producer through the sale of carbon insetting credits. 

1. https://www.usdairy.com/sustainability/environmental-sustainability

2. USDA Releases Assessment on Agriculture and Forestry in Carbon Markets | USDA

Media Contact
Season Solorio
+1.765.316.0233
season.solorio@elancoah.com

Investor Contact
Kathryn Grissom
+1.317.273.9284
kathryn.grissom@elancoah.com

GREENFIELD, Ind., February 7, 2024 /3BL/ – Athian (athian.ai) announced the establishment of the first-of-its-kind voluntary livestock carbon insetting marketplace, with the first accepted protocol aimed at reducing enteric methane emissions and improving feed utilization by using innovative feed management products from Elanco Animal Health (NYSE: ELAN). This new carbon marketplace creates an opportunity for farmers to monetize their greenhouse gas emission reductions.

Athian is verifying its first farms and creating, certifying and selling carbon credits within the dairy value chain. This means:

Dairy farmers of all sizes now have the opportunity to implement on-farm sustainability interventions, measure the impact and participate in third-party verification for their greenhouse gas emissions reductions. The resulting carbon credits can be offered for sale in Athian’s livestock carbon insetting marketplace.Companies in the dairy value chain (such as consumer-packaged goods companies and food retailers) can then purchase those carbon credits as contributions towards achieving their Scope 3 emissions reduction goals.With the purchase of these credits, economic value is returned to the farmer via the sale while supporting the U.S. dairy industry progress towards their own environmental commitments of greenhouse gas neutrality by 2050.1Over the long term, this marketplace will expand to other livestock & poultry.

“Athian’s first carbon credits for dairy are an exciting and crucial step as they demonstrate the ability to tangibly quantify and verify greenhouse gas emissions reductions and create monetary value for farmers for their efforts,” said Paul Myer, CEO of Athian. “This marketplace, specifically designed for the animal protein industry, is different than traditional offsetting carbon marketplaces because it keeps the value—economic value as well as positive environmental value—in the animal protein value chain.”

Empowering Farmers with Economic Opportunities

Despite widespread awareness of carbon markets by farmers, only 3% of farmers are participating in these markets today, according to a recent survey cited by the U.S. Department of Agriculture (USDA).2 Creating an inset market model that works with recognized supply chain partners makes it easier for farmers to measure and implement rigorous verifications, will help break these barriers to entry and accelerate progress.  

“As a co-creator and seed investor in Athian, we’re excited to see the company reach the milestones that will bring new value to farmers and help them advance toward climate-neutral farming,” said Jeff Simmons, President and CEO of Elanco Animal Health. “As a leader in animal health, we’ve focused first on delivering enteric methane reduction solutions to producers. If the entire U.S. dairy industry leveraged this intervention, it would avoid 4.7 million metric tons of CO2e emissions annually from enteric, feed and manure emissions. This is a game changer for value creation throughout the food chain, and it’s just the start. Environmental sustainability needs to be grounded in farmer profitability.”

Elanco also developed UpLook™, an insights-based engine designed to measure and monitor greenhouse gas emissions. The tool utilizes on-farm data and peer-reviewed science to identify key drivers of an operation’s carbon footprint and track the progress of their sustainability efforts. UpLook connects seamlessly to Athian’s cloud-based verification system to help farmers quantify their reduction efforts and certify carbon credits for sale.

Enabling The Value Chain to Achieve Sustainability Goals

Food companies and retailers have made public commitments to collectively reduce more than 100 million metric tons of greenhouse gas emissions by 2030. Despite the progress in corporate target-setting, the reduction of Scope 3 emissions, which typically come from the production of raw materials like milk, has been a significant challenge. The creation of Athian’s insetting livestock carbon credit marketplace provides companies in the animal protein value chain the opportunity to make meaningful progress toward their Scope 3 greenhouse gas reduction goals.

Athian and Elanco are participating in the Reuters Transform Food USA 2023 event on Thursday, November 2, 2023, to speak more about this transformation.

Enteric methane reduction carbon credits are now available for purchase through Athian’s insetting carbon marketplace. Visit www.athian.ai to learn more and connect directly with Athian.

Additional Resources:

https://www.athian.ai/knowledge-hub

ABOUT ELANCO
Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our Elanco Healthy Purpose™ Sustainability Pledges –all to advance the health of animals, people, and the planet.

ABOUT ATHIAN
Athian’s key mission is to help the beef and dairy value chains capture and claim carbon credits generated through on-farm sustainability efforts by aggregating, verifying, and certifying greenhouse gas (GHG) reductions, and monetizing those reductions for the producer through the sale of carbon insetting credits. 

1. https://www.usdairy.com/sustainability/environmental-sustainability

2. USDA Releases Assessment on Agriculture and Forestry in Carbon Markets | USDA

Media Contact
Season Solorio
+1.765.316.0233
season.solorio@elancoah.com

Investor Contact
Kathryn Grissom
+1.317.273.9284
kathryn.grissom@elancoah.com

Originally published on Built From Scratch

The Home Depot is proud to be recognized on Fortune’s 2024 Most Admired Companies List. The company ranked #1 in the specialty retail category for the second year in row and #19 overall, moving up one spot from the previous year.

Fortune worked with Korn Ferry to compile this list, reviewing 1,500 businesses and determining the best-regarded companies across 52 industries. The team surveyed executives, directors and analysts to rate enterprises in their own industry on various criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.

Thank you to our associates, suppliers and nonprofit partners for their hard work, which led to this distinction. To learn more about how the company is doing its part, read about our economic impact or review the latest ESG report.

Keep up with all the latest Home Depot news! Subscribe to our bi-weekly news update and get the top Built from Scratch stories delivered straight to your inbox.

Originally published on Built From Scratch

The Home Depot is proud to be recognized on Fortune’s 2024 Most Admired Companies List. The company ranked #1 in the specialty retail category for the second year in row and #19 overall, moving up one spot from the previous year.

Fortune worked with Korn Ferry to compile this list, reviewing 1,500 businesses and determining the best-regarded companies across 52 industries. The team surveyed executives, directors and analysts to rate enterprises in their own industry on various criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.

Thank you to our associates, suppliers and nonprofit partners for their hard work, which led to this distinction. To learn more about how the company is doing its part, read about our economic impact or review the latest ESG report.

Keep up with all the latest Home Depot news! Subscribe to our bi-weekly news update and get the top Built from Scratch stories delivered straight to your inbox.