Herron Todd White buys carbon offset broker Earthtrade
Property advisory group Herron Todd White has acquired environmental broker Earthtrade.
Earthtrade, the commercial arm of the Burnett Mary Regional Group Inc, was developed in 2008 to provide environmental offset solutions for development approvals.
Herron Todd White, which operates 58 offices with an annual turnover over $70 million, will expect to expand the Earthtrade brand by addressing the issues around environmental sustainability in the property market.
“With our in-depth understanding of rural values and our extensive network, we can help our customers better understand their obligations and assist in matching their demand for offsets with available supply,” Herron Todd White chairman Gavin Hulcombe says.
HTW is hoping to deliver environmental offset solutions to clients at the feasibility stage to assist in reducing project timelines and decrease overall costs.
“A number of large organisations are already investigating issues of sustainability, from approval conditions relating to finance, to internal policies designed to address environmental impacts from development projects,” Hulcombe says.
Hulcombe notes that offsets are used to maintain a regional ecosystem affected by infrastructure and property development activities.
He notes that offsets can only be used when all other efforts to avoid or minimise environmental impacts have been exhausted.
“The acquisition will enable Herron Todd White to assist clients navigate through their requirements in purchasing environmental offsets under diverse and complex legislation,” he adds.
