ERM, renowned as the world’s leading sustainability consultancy, has broadened its scope in the carbon market through the establishment of ERM Climate Markets.
This new business line is dedicated to aiding companies in reducing residual greenhouse gas emissions by acquiring impactful carbon credits that not only meet their decarbonization objectives but also enhance their broader sustainability ambitions.
Leveraging its established expertise in carbon markets, ERM Climate Markets will provide clients—including corporates and investors—with access to premium carbon credit portfolios. These portfolios are designed to support clients’ decarbonization initiatives and offer added social, biodiversity, and economic benefits, thus accelerating the global shift towards net zero.
Furthermore, the ERM Climate Markets team is set to collaborate with project developers to furnish clients with superior carbon project development opportunities. These projects aim to yield positive impacts not just for the climate but also for local communities and ecosystems. Clients will benefit from enhanced due diligence processes, backed by ERM’s extensive global network of specialists in environmental, social, and economic fields, which will aid in investment risk mitigation.
For over two decades, ERM has been at the forefront of assisting clients in navigating carbon markets and sculpting their decarbonization pathways. This includes strategic planning, target setting, integrating decarbonization strategies across operations and value chains, and aiding in reporting and disclosure obligations.
The introduction of this new business will empower clients to utilize ERM’s vast experience and global presence, along with its profound technical expertise, to support both their short and long-term carbon credit procurement strategies.
Alex Cox, Head of Climate Markets at ERM, said,”Carbon markets will play an increasingly important role in delivering global net zero ambitions by 2050. They also offer significant opportunities to scale finance flows for nature and contribute to sustainable development. However, the market is complex, with increasing stakeholder scrutiny on the quality and impact of investment.
“We are launching ERM Climate Markets to help our clients to minimize the impact of their unabated emissions, by investing in bespoke, high-quality carbon credit portfolios that are aligned with their short and long-term mitigation strategies.”
Tom Reichert, Group CEO at ERM, said, “ERM already works with clients at every stage of their decarbonization journeys and, as carbon credit strategies gain momentum, we are introducing ERM Climate Markets to meet their evolving needs.
“We look forward to helping clients access the high-quality carbon credits and broader mitigation solutions that will contribute to a transparent and credible net zero outcome, while supporting nature and helping to deliver a just transition for all.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
