IG will sponsor its first collaboration with Italian company Glac-Up to help fund Alpine glacier conservation projects.

Major e-commerce company IG broker announced a collaboration with Glac-UP, an Italian benefit company tasked with raising awareness and reducing the impact of climate change on the local environment. One of Glac-UP's missions is to promote Alpine glacier conservation projects by partnering with key stakeholders including individuals, companies, scientists, local communities, and local authorities.

As part of the agreement, IG Group employees will attend workshops that offer an in-depth understanding of climate change, its triggering factors, glacier impacts, and the need to adopt sustainable behaviors. The workshop will invite Professors Guglielmina Diolaiuti and Antonella Senese, experienced glaciologists from the Università degli Studi di Milano (Department of Environmental Science and Policy).

Jon Noble, Global Chief Operating Officer IG Group, comments:

"We are focused on honing our ESG strategy to have a notable positive impact on the communities in which we operate. This can take shape in many forms – and addressing environmental challenges is one of our areas. Last year, we committed to contributing 1% of post-tax profits and resources for sustainability and social responsibility-focused programs.

Glaciers are melting at an unprecedented rate, with 90% of glaciers predicted to disappear by the end of this century. Glacial melting has a significant negative impact on local environments, so we were highly motivated to collaborate with Glac-UP to take short-term steps to reduce that impact. Longer term, we continue to evaluate how we can shape our ESG efforts to address climate change."

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The Glac-UPxPresena project is in collaboration with the Pontedilegno – Tonale Consortium, with the mission of preserving the Presena glacier in the Italian Alps. Through the IG sponsorship, Glac-UP will be able to facilitate the installation, maintenance and removal of protective tarpaulins on the glacier surface during the warmer months to slow the rate of ice melt.

This method of protection is estimated to maintain a thickness of about two to three meters of ice and snow each summer. This method was first used in 2008 by the Pontedilegno-Tonale Consortium.