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In FY 2012, Colgate entered into an agreement with Patagonia Sur for the purchase of 5,000 tons of offsets per year for 15 years. The project is a reforestation project in The Patagonia Sur Nature Reserve in the Palena province of southern Chile. Over the course of 15 years, approximately 225,000 native trees will be planted on roughly 428 acres of land which will become the Colgate University Forest. The Patagonia Sur reforestation project acquired Verified Carbon Standard (VCS) certification - the gold standard for carbon offset projects. Importantly, the agreement creates academic opportunities for students and faculty to conduct research within the Colgate Forest and The Patagonia Sur Nature Reserve in general.
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