DGB Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL000916951), a leading carbon project developer and ecosystem restoration company, in collaboration with project partner Climate Investment Partners, successfully received certification and registration from Verra’s Verified Carbon Standard (VCS) for its Greenzone Reforestation Project in Cameroon, Project ID 4176 (“the Project”). By completing the validation phase, the project is now eligible to claim verified carbon units over its lifetime.
Key highlights
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Project scope: The Project’s feasibility study was finalised in Q3 2021 and was launched in the centre region of Cameroon. This large-scale, nature-based initiative aims to restore nature, create forests, and promote sustainable development by planting millions of trees, protecting biodiversity, increasing water security, and providing a better quality of life for local communities. The Project is the largest registered carbon project in the country and hosts the second-largest tree nursery.
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Expected units: The Project aims to plant over 9.1 million trees across 20,500 hectares, capturing a total of 7.8 million tonnes of CO₂ over the Project’s lifetime, producing an average of 191,000 high-quality Afforestation/Reforestation (AR) carbon units annually.
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Unit sales: DGB has not entered into any forward sales agreements for carbon units yet and retains full ownership of 100% of the Project’s anticipated carbon units, which are now available for sale.
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Valuation and risk: As of 30 June 2024, the total value of DGB’s project pipeline reached €29.55 million (+24.8% year-on-year (“YoY”) growth). The Group's total asset value rose to €34.93 million (+19.7% YoY growth), bringing DGB’s net asset value (NAV or ‘book value’) per share to €2.31. The successful validation of the Project lowers its risk parameters, raising the Project’s estimated total asset value—adjusted for risk—from €5.8 million to €8.1 million, increasing the asset value per share by €0.20.
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Timeline and prospects: DGB is dedicated to scaling the Project’s impact through maximised tree-planting efforts, aiming to reforest as much of the designated area as possible in the coming years. The first issuance of verified carbon units is projected for 2027, encompassing all vintages accrued since the Project's initiation.
Project issuance profile
Since initiating its first project in 2020, DGB has expanded to oversee a portfolio of large-scale projects under management and in operation. Given the two to six-year design, development, and financing period required before projects begin generating carbon units, DGB is now entering the revenue-generating phase. DGB’s first carbon units from its own pipeline were issued in December 2024. For further details on our active projects and development pipeline, please refer to our Projects page and Pipeline page.
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Contact for press enquiries
For more information about DGB's initiatives, please contact:
DGB GROUP NV
press@green.earth
+31320788118
Visit our website: https://www.green.earth/
About DGB Group
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 units 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. www.green.earth
About Climate Investment Partners
Climate Investment Partners brings more than 50 years of combined experience developing carbon projects for the voluntary market and is a B Corporation committed to high standards of social and environmental accountability. Climate Investment Partners’ team has led 22 forest carbon projects through validation, verification, and registration, and has supported 50 ecosystem services projects around the world resulting in over 25 million emission reduction and removals credits to date. To learn more, visit www.climateinvestmentpartners.com.
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. The provision of DGB’s services and products is subject to its General Terms and Conditions.
