RBI welcomes Treevive as a new partner

Treevive develops sustainable forest carbon projects with multiple social and environmental benefits. Treevive offers companies and investors quality carbon credits and bankable projects in order to achieve their climate targets, including Corporate Social Responsibility and Sustainable Development Goals for lasting impact. Treevive was founded in 2021 as a subsidiary of Form International. Form International has 30 years of expertise in forestry investments and the development of forest landscape projects in tropical regions of Africa, Latin America and Asia.

CEO Liesbeth Gort: “Treevive aims to contribute to the conservation and restoration of tropical forests. We share the mission and vision of RBI and look forward to the co-operation with the partners in this network with their valuable knowledge and experience on REDD+ and their commitment to make REDD+ work”

Michel Schuurman, chairman of the REDD + Business Initiative: “We are delighted that Treevive has joined us. It is an innovative new company aimed at mobilizing substantial technical and financial support for REDD+ projects, which is essential for what we want to achieve.”

More information:  https://treevive.nl/

RBI welcomes Greentix as a new member

Greentix is a company that sells Greencards (saving cards) and Greentix (loyalty points, each for 7 kgs of CO2 compensation) to small, medium sized and big businesses, in order for them to give these points to their customers. In this way these companies can show their sustainability-efforts to their customers. With the proceeds Greentix pays NGO’s for planting trees in combination with forest restoration and

CEO Robert Wolff: “Greentix aims to contribute to the conservation and restoration of tropical forests. Like in a mangrove restoration project in Surinam in co-operation with Conservation International. We share the mission and vision of RBI and look forward to the co-operation with the partners in this network with all their valuable knowledge and experience on REDD+.”

Michel Schuurman, chairman of the REDD + Business Initiative: “We are delighted that Greentix has joined us. It is an innovative start up with the potential to generate substantial financial support for REDD+ projects, which is essential for what we want to achieve.”

More information: www.greentix.org/het-concept/

Invite to Dutch businesses to meeting

RBI invites Dutch businesses to a meeting (in Dutch) about the possibilities to contribute to forest conservation in the tropics and thereby also achieve their own sustainability goals.

The meeting will be held on Friday May 13th from 09:30 – 11:30 am in the Groene Paleis in Amsterdam prior to the NE22 congress of CSR Netherlands in the Beurs van Berlage.

Click on this link to read our invitation

RBI’s realized a 17,1 MtCO2 emission reduction

The Financial Times reported that, according to S&P Global Platts, the price of a tonne of carbon on the voluntary market rose from 4 to 12 US dollars since June last year (FT 6-1-’22). This is the result of a soaring demand from companies who scramble to buy the credits in order to compensate for their emissions and fulfil their net zero emission pledges.

Interest in the market was fuelled by last year’s COP26 UN climate summit in Glasgow. Expectations are that the voluntary carbon market will grow this year into a space potentially worth billions. In order to achieve this and keep up investors’ confidence, further standardization of the largely unregulated voluntary carbon market is critical.

The price of Nature Based Carbon Credits tripled since June 2021

The Financial Times reported that, according to S&P Global Platts, the price of a tonne of carbon on the voluntary market rose from 4 to 12 US dollars since June last year (FT 6-1-’22). This is the result of a soaring demand from companies who scramble to buy the credits in order to compensate for their emissions and fulfil their net zero emission pledges.

Interest in the market was fuelled by last year’s COP26 UN climate summit in Glasgow. Expectations are that the voluntary carbon market will grow this year into a space potentially worth billions. In order to achieve this and keep up investors’ confidence, further standardization of the largely unregulated voluntary carbon market is critical.

Glasgow big boost for forest conservation

During the UN Climate Change Conference in Glasgow in November 2021 (COP26), many forest-related commitments were made.

  • 137 countries signed up to the Glasgow Leaders Declaration on Forests and Land use, aimed at halting deforestation by 2030, for which 19,2 mlrd private en public funding was pledged.
  • 28 countries signed up to the Forest Agriculture and Commodity Trade Road Map, aimed at establishing deforestation free supply chains.
  • 30 financial institutions (among which Robeco en NN investment) agreed to eliminate commodity driven deforestation from their investment and lending portfolios.

Next to this an agreement was reached on the Paris rulebook, including Article 6. This makes carbon markets an official and active part of the Paris Agreement and opens the way to giving value to the still standing forest and forest restoration via the compliance market and the voluntary carbon market. This is a crucial addition to the efforts to release the pressure on forests via deforestation free supply chains.

Landmark Deforestation agreement Glasgow

Two days ago (November 3rd 2021) more than 100 world leaders have promised to end and reverse deforestation by 2030 in order to curtail the second largest source of greenhouse gas emissions. Large forest countries like Brazil, Congo and Indonesia have put their name to the deal as well as large consumers of deforestation-linked commodities like China, the EU and the US. To make the agreement work 10,2 billion Euro of public funding and 6,2 private funding have been pledged.

The agreement is made against the backdrop of earlier commitments on halting deforestation that failed and disturbing news on deforestation in for instance Brazil, where deforestation was the highest since 2012 last year, with an area of destroyed forest comparable to a quarter of the Netherlands. Nevertheless Brazil signed the agreement and both Indonesia and Brazil announced that they will allow the carbon market to play an important role in reducing deforestation. If this is part of a genuine national policy framework for halting deforestation and sustainable development it might turn the tide.

Sources: www.bbc.com, www.foresthints.news and www.bloomberg.com.

The expected growth of the voluntary Carbon Market visualised

According to the forecast from McKinsey, annual global demand for carbon credits could reach up to 1.5 to 2 billion metric tons of carbon dioxide by 2030 and up to 7 to 13 billion metric tons by midcentury.

This has steep implications for the voluntary carbon market: McKinsey estimates that in 2020 just a fraction of these totals were retired by buyers, at roughly 95 million metric tons.

Source: www.visualcapitalist.com

Large investors urge companies to draw up a climate transition action plan

Eumedion, representing 53 institutional investors, urges all Dutch listed companies to draw up a transition plan in the coming year in order to operate fully climate neutrally by 2050 at the latest. The transition plan must contain short-, medium- and long-term CO2 emission reduction targets and set out how the company intends to achieve these targets. Companies are expected to report annually on the progress of the CO2 reduction targets.

This is stated in the Spearhead Letter 2022 of Eumedion. In the letter, the companies are encouraged to have the reduction targets validated by the Science Based Targets initiative (SBTi) and audited by the external auditor. The reduction targets must relate to the own activities as well as those of suppliers, customers and end users (ie the entire ‘value chain’; the so-called scope 1, 2 and 3). The letter does not deal with the instruments needed for meeting the targets, but is is clear that large scale offsetting is needed on top of a massive reduction in the use of fossil fuels.

Source: www.eumedion.nl

Carbon offsets are imperfect but necessary, according to Bank of America

The market for carbon offsets needs to be increased massively and quickly and standardized, according to Karen Fang, Head of Global Sustainable Finance at the Bank of America. Don’t let perfect be the enemy of the good she said in an interview with CNBC. According to her, using offsets is not a sign of being lazy, it’s a reality of decarbonisation goals set by companies and governments.

The Bank of America analyzed recently that achieving net-zero emissions by 2050 could require as much as a fifty fold increase in the offset market. At the very low-end the market for offsets will quadruple, the bank said.

Read more on www.cnbc.com

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