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 a position paper on carbon credit pipeline asset valuation, emphasising the importance of transparency, openness, and sharing market insights in the rapidly evolving carbon market. The Company's initiative underlines its commitment to maintaining the highest standards of financial reporting in the carbon credit industry.
In the Position Paper, DGB offers a comprehensive analysis of the International Financial Reporting Standards (IFRS) accounting principles relevant to its carbon credit pipeline asset valuation. The document serves as a foundation for informed discussions and collaborative efforts among project developers and key stakeholders in the carbon market.
DGB recognises the need for a collective approach to address the complexities of carbon credit accounting and valuation. DGB is unique as a publicly traded boots-on-the-ground project developer directly funding positive impact initiatives reporting under IFRS. This pioneering position allows the Company to lead in IFRS reporting and set a precedent for transparency and accuracy in the carbon credit market. By sharing its insights and experiences, DGB aims to inspire industry-wide transparency, engagement, and collaboration from global leaders in accounting, such as EY, PwC, KPMG, and Deloitte. DGB believes industry-wide engagement will facilitate the development of effective strategies for the growth and management of carbon credit portfolios and ensure consistency in financial reporting.
The position paper highlights the indispensable role of nature-based carbon credits and their financial value. These credits not only incentivise and champion sustainable development, but also address the consequences of nature loss and foster ecosystem restoration and biodiversity enhancement. The Position Paper states key findings and offers future considerations for carbon credit accounting and valuation for carbon project developers. DGB's publication demonstrates its dedication to fostering open dialogue and collaboration in the carbon credit industry.
For more information on the Position Paper and DGB's nature-based carbon credit projects, please visit the company's website at www.green.earth.
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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
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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.
