November 5, 2024

EKI Energy Services Ltd. (EKI) collaborates with DNV Supply Chain & Product Assurance to develop the climate transition ecosystem

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  • EKI has signed a Charter of Collaboration with DNV, an independent assurance and risk management regulator based in Norway, to promote awareness and support ecosystem management of climate change.
  • The collaboration is in line with EKI’s goal of a net-zero future as EKI will extend advisory services to DNV’s assurance customers to help them achieve their carbon neutrality and net-zero goals.
  • The initiative seeks to improve credibility for the Indian Emission trading ecosystem as part of the Energy Conservation Bill 2022 passed by the Govt of India.

EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits worldwide, today announced that it has partnered with DNV Supply Chain & Product Assurance, a Norway-based independent assurance and risk management provider, to promote climate transition ecosystem with innovation and digitalization through several measures agreed by the two organizations as part of the Charter of Collaboration.

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Under the collaboration, EKI will provide advisory services to DNV’s assurance customers on their journey towards carbon neutrality and net-zero in addition to GHG inventory/ESG and sustainability assurance services.

The collaboration also seeks to bridge the gap between capital market sustainable finance and carbon finance through innovative debt financial instrument assurance with DNV’s extensive experience, deep expertise and global reach as the company operates in more than 100 countries.
Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “Global climate action has prompted a wave of national net-zero commitments as a result of which, more and more businesses and organizations are setting their own carbon neutrality goals and to achieve -ot their commitments, which require an effective and expert advisory support. EKI’s team of climate experts help customers to adopt and implement sustainable solutions for climate change and carbon offset. Through this collaboration, we aim to expand our global reach and extend our services to a larger group of customers with DNV to ‘drive the planet towards net-zero.’ We look forward to facilitating our customers with innovative solutions and strengthening the voluntary carbon market ecosystem.”

Prakash Tikare, Area Manager India Subcontinent & Middle East, DNV SCPA said, “There is still a gap in the market on how organizations monitor and report their carbon emissions and the clarity of their net zero goals. But we cannot avoid the fact that organizations realize the importance of reducing emissions and showing their social and environmental responsibility, and to form and communicate their ambitions. Although reducing carbon emissions is a global challenge and a focal point for international policy. DNV has extensive knowledge of economic and business drivers such as the European Emission Trading Scheme (EU ETS3) and can advise on tools and options such as energy efficiency plans, life cycle analysis, carbon footprinting and bio -based production chains. In this collaboration we want to create awareness about the carbon credit market and help our customers to encourage their carbon offsets and emissions that will lead them towards net zero travel.

The collaboration will benefit EKI by increasing its global reach and strengthening its network of global customers by creating awareness on climate change mitigation and adaptation. EKI, which is one of the world’s largest carbon credit suppliers, can support DNV’s assurance customers seeking to offset their remaining emissions on their journey to net-zero. Additionally, there is a focus on digital carbon forward creation and tokenization of carbon credits.

EKI Energy Services Ltd. (EKI) is an Indore based carbon credit expert company with over 14 years of experience in the field of climate action and offset solutions. EKI is the first company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. The company also recently launched a Rs. 1000 crores (125 million USD) Climate Impact Fund in partnership with Singapore based ICAM (Impact Capital Asset Management Pte. Ltd.).

EKI also specializes in driving community-based projects such as green cooking for efficient cooking stoves in rural homes and nature-inspired solutions (NBS) for climate action.

About EKI Energy Services Limited

EKI Energy Services Ltd. is the leading Carbon Credit Developer & Supplier worldwide. It is the very first company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE)-listed company is passionately working to restore the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards such as CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With the goal of contributing to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations around the world to achieve their climate ambitions. EKI’s offerings span Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is currently present in 16+ countries and has 3000+ customers across 40+ countries worldwide. As of date, EKI has supplied more than 180+ million offsets.

About DNV

DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through assessment and digital assurance solutions, DNV helps companies build trust and transparency around products, assets, supply chains and ecosystems.

Whether certifying products, sharing claims or optimizing and decarbonizing supply chains, DNV helps companies manage risks and realize their long-term strategic goals, improving ESG performance and creating sustainable, sustainable outcomes.

Combining sustainability, supply chain and digital expertise, DNV is working to create new security models that enable interaction and transaction transparency across value chains. Using our extensive technical and industry expertise, we work with companies around the world to bridge trust gaps between consumers, producers and suppliers.

Due to its purpose, to protect life, property, and the environment, DNV helps to face the challenges and changes in the world facing its customers and the world today and is a trusted voice for many of the most successful and innovative companies in the world.

For more information visit www.enkingint.org
Contact us at : Garima.kumar@enkingint.org
Contact DNV at marketingscpa@dnv.com

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