RECs Voluntary

Overview:

Voluntary Renewable Energy Certificates (RECs) are essential tools for businesses looking to reduce their carbon footprint and demonstrate a commitment to sustainability. By purchasing voluntary RECs, organizations can offset their Scope 2 emissions and support the development of renewable energy projects globally.

Key Points:

Scope 2 Emissions Reduction: Voluntary RECs allow businesses to directly offset their indirect emissions from electricity usage.
Global Alignment: Supports compliance with international sustainability frameworks like RE100 and SBTi.
Variety of Certificates: Access to different types of RECs or Energy Attribute Certificates (EACs) across various geographies.
Expert Guidance: Our sustainability advisors provide knowledge and access to cost-effective procurement of renewable certificates worldwide.
Premium Options: Offers premium RECs that support projects in high GHG-intensity grids or provide social benefits to local communities.
Enhanced CSR Profile: Strengthens corporate social responsibility by contributing to global renewable energy efforts.

What It Is and Does:

Voluntary RECs represent the environmental attributes of electricity generated from renewable sources that organizations can purchase to match their electricity consumption. They are essential for businesses aiming to achieve renewable energy goals and adhere to voluntary sustainability commitments. RECS can:

Offsets Electricity Emissions: By purchasing voluntary RECs, companies can claim the environmental benefits of renewable energy generation equivalent to their electricity use.
Supports Renewable Projects: Financially backs renewable energy projects, promoting the expansion of clean energy infrastructure.
Aligns with Sustainability Goals: Helps meet targets set by voluntary initiatives like RE100 (committing to 100% renewable electricity) and SBTi.
Global Accessibility: Provides access to renewable certificates across different regions, accommodating various types of EACs.

Benefits to Customers:

Environmental Impact: Contribute to global efforts to reduce greenhouse gas emissions.
Sustainability Leadership: Position your company as a leader in environmental stewardship.
Stakeholder Engagement: Meet the expectations of customers, investors, and partners who value sustainability.
Flexible Solutions: Tailor REC purchases to align with specific sustainability strategies and budgets.
Additional Social Benefits: Option to select RECs that support projects with added social or community advantages.

Why They Are Used:

Businesses utilize voluntary RECs to:

Achieve Renewable Energy Goals: Meet internal targets for renewable energy consumption and carbon neutrality.
Support Global Sustainability Initiatives: Align with global movements like RE100 and SBTi to showcase commitment to science-based climate action.
Enhance Brand Reputation: Improve public perception and build trust with stakeholders by demonstrating environmental responsibility.
Facilitate Market Development: Encourage the growth of renewable energy markets, particularly in regions with high greenhouse gas intensity.
Simplify Global Procurement: Navigate the complexities of international energy markets with expert assistance, ensuring compliance and efficiency.

Regulations:

Voluntary Market Participation: Participation is not mandated by law but driven by corporate sustainability goals.
International Standards Compliance: Aligns with guidelines from the Greenhouse Gas Protocol for Scope 2 emissions accounting.
Types of Certificates:
- North America: Voluntary RECs are commonly used in the United States and Canada.
- Europe: Guarantees of Origin (GOs) are used within European countries.
- Asia and Africa: International RECs (I-RECs) facilitate renewable energy tracking in regions without established certificate systems.
- Global: Tradable Instruments for Global Renewables (TIGRs) offer another option for international renewable energy tracking

How we work

We work as a team with our colleagues and clients, sharing knowledge, insights, and experiences. We engage in discussions, ask questions, challenge each other, and value diverse perspectives. Our passion drives us to succeed, and together, we maximize our achievements. As experts in our markets, sectors, and products, we deeply understand financial and environmental products, risks, and opportunities. We invest in market knowledge to provide valuable insights. We are well-informed and understand the challenges our clients face in a rapidly changing world.
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We act with integrity and take pride in our work. Our commitment to building a sustainable future is reflected in the trusted relationships we foster with clients, employees, and partners. We value transparency and uphold the highest standards of professionalism and respect.

We are meticulous, with a sharp focus on details and impeccable timing. Our enterprising and growth-oriented mindset keeps us agile and responsive to change. We take ownership, embrace responsibility, and are driven by our passion for success.