Dutch Green Business Group N.V. (“DGB”, “DutchGreen” or “the Group”) (Euronext: DGB), a leading reforestation and carbon offsetting company, is pleased to announce it signed a marketing agreement with Emstream and their proprietary wholesale voluntary carbon marketplace, Emsurge Carbon, as a primary route to market for its verified emission reductions (“VERs”) developed from its project pipeline.
The agreement will allow DGB to gain a route to market at low cost for issued carbon offsets and gain access to investment-grade investors and medium to long-term customers. DGB will be a key foundation customer and work with the team at Emstream and Emsurge to enhance the value of the platform to producers as a route to market.
As announced on March 2nd, 2022, DGB completed its first large offtake agreement for 126,297 tonnes of VERs with a contract price of US$10 per tonne, generating revenues for the Group in Q1 2022 of approximately €1.1 million. DGB currently has a project pipeline capable of originating over 13 million credits.
VERs are also commonly known as voluntary emission reductions, carbon offsets, or carbon credits. VERs are essentially a reduction in greenhouse gas emissions (GHG) from a project that is independently audited (i.e., verified) against a third-party certification standard. Each VER represents one metric tonne of carbon dioxide equivalent emissions.
Emstream is a tech-enabled carbon brokerage and the world’s first wholesale Voluntary Carbon Marketplace for over-the-counter trading. Since launching its pilot Emsurge Carbon Marketplace around COP26, Emstream has facilitated the trade of 4 million tonnes of carbon. There are already over 70 companies and 150 traders on the platform, including international energy companies, carbon project developers and retailers, commodity traders, and ESG consultants.
CEO Lindsay said: ¨High impact offsets are an immediate tool to start delivering on net-zero pledges today. Our proprietary platform connects spot market participants as well as helps projects in need of critical funding find investors. With DGB, we are excited to welcome another project developer of high-quality large-scale carbon and biodiversity projects accredited by third-parties on our platform.¨
Emstream is a member of the Taskforce for Scaling Voluntary Carbon Markets, a private sector-led initiative working to scale an effective and efficient voluntary carbon market initiated by Mark Carney,
Contact details:
Selwyn Duijvestijn, CEO
DGB GROUP N.V.
press@dgb.earth
+31 (0) 20 8080825 (NL)
+44 (0) 20 8064 0936 (EN)
About DGB:
Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB’s strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. DGB’s vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact. www.dgb.earth.
About Emstream
Emstream offers you unrivaled access to liquidity pools in the markets we trade:Liquefied Natural Gas and Voluntary Carbon Offsets. They blend traditional brokering with technology, to help trade faster and cleaner. Through the tech company Emsurge, Emstream continuously designs and delivers trading tools to support our brokers and traders. www.emstream.co.uk/
Disclaimer:
This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB Group N.V. and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of the DGB Group, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DGB Group management. Although the DGB Group believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB Group are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, the DGB Group assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
