Amsterdam, The Netherlands – DGB Group N.V. (“DGB”, “the Group”, or “the Company”) (Euronext: DGB: NL000916951), a leading carbon project developer and ecosystem restoration company, publishes its unaudited annual report for the financial year 2022 (the “Annual Report”). The surge of €21.45 million in DGB’s project pipeline value highlights DGB's substantial progress in the rapidly evolving carbon marketplace and its unwavering commitment to nature conservation and biodiversity.
Key highlights from the Annual Report include:
- Financial Performance: DGB experienced significant growth in forward sales, improving by €1.11 million compared to the previous year, signifying increased demand for verified emission reduction credits and carbon offset projects. DGB reported €1.28 million in revenue, totalling €2.37 million in payments received for carbon credits.
- Expanding Project Portfolio: In 2022, DGB effectively developed and managed multiple large-scale carbon and biodiversity initiatives. DGB now has seven projects under management, setup on the framework by leading verification standards. A €21.45 million increase in DGB’s project value led to a total DGB asset value of €27.66 million.
- Strategic Partnerships: DGB established new partnerships with governments, businesses, and individuals, solidifying its standing as a reliable partner in the carbon market. The Company now cooperates with stakeholders in Ivory Coast, Cameroon, Uganda, and Kenya, broadening its project influence.
- Industry Recognition: DGB earned recognition for its contributions to the carbon marketplace and nature conservation, further establishing itself as a purpose-driven, boots-on-the-ground organisation with a strong global workforce and tangible environmental impact.
- Commitment to ESG: Throughout 2022, DGB remained dedicated to Environmental, Social, and Governance (ESG) initiatives. The Company continues to operate responsibly and generate long-term value for stakeholders, offering services ranging from initial outreach to advanced ESG strategy consultancy.
DGB's CEO S.A.M. Duijvestijn commented on the publication, stating, ‘I am proud of our achievements in 2022. Our focus on developing high-quality carbon projects and driving innovation in the carbon marketplace has allowed us to make a significant positive impact on the environment and deliver value to our shareholders. As we look forward to the future, we remain dedicated to our mission of helping nature flourish and prosper while assisting governments, businesses, and individuals in achieving net-zero emissions.’
The full Annual Report is available for download on the DGB's website at www.green.earth/invest/financial-reports.
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DGB GROUP NV
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About DGB:
DGB is a project developer of high-quality, large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net zero. Global megatrends drive the demand for carbon credits and underpin growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. Website: www.green.earth
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 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 about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB’s management. Although DGB 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 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, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
