Saturday, 20 April 2024

Univers and Citi unveil innovative carbon credit digital solution

5 min read

Univers, one of the leading decarbonisation technology players, and Citi announced an innovative software solution that enables organisations to seamlessly purchase voluntary carbon credits (VCC).

Organisations active in voluntary carbon markets can support projects that aim to reduce, avoid or remove greenhouse gases (GHG). Users of Univers’ EnOS Ark Energy and Carbon Management platform will be able to calculate their Scope 1 to 3 carbon emissions footprint and access VCC projects from Citi’s portfolio.

A global leader in Clean Tech manufacturing is the first company to use this innovative solution to purchase voluntary carbon credits from Citi’s portfolio. The project provides 850,000 fuel-efficient cookstoves free of cost to rural households in Vietnam.The cookstove project, will be the flagship project of Univers’ innovative new proposition.

According to Univers, this solution can help the customer offset part of its 2023 and 2024 Scope 1 to 3 carbon emissions, thereby demonstrating its strong commitment to the low-carbon transition.

Michael Ding, global executive director of Univers, said: “We are very excited to collaborate with Citi on this innovative proposition, and to add verified VCC to our platform’s solutions for carbon measurement, reporting and abatement, enabling our mutual clients to accelerate their low-carbon transition.”

Sonia Battikh, global head of carbon offsets trading at Citi, said: “Understanding our client’s broader sustainability ambitions enables us to better engage and offer suitable solutions. We are pleased to support Univers in developing this offering, which provides a seamless service to clients as they embark on their sustainability journey.”

Re-disseminated by The Asian Banker

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