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Univers, Citi collaborate on VCC digital solution
Firms active in voluntary carbon markets can support projects that reduce, avoid GHGs
The Asset 23 Feb 2024

Decarbonization technology player Univers and global bank Citi have launched a software solution that enables organizations to seamlessly purchase voluntary carbon credits (VCCs).

In doing so, organizations active in voluntary carbon markets can support projects that aim to reduce, avoid or remove greenhouse gases (GHGs).

Users of Univers’ EnOS Ark Energy and Carbon Management platform will be able to calculate their Scope 1 to 3 carbon emissions footprint and access VCC projects from Citi’s portfolio. 

A global leader in clean tech manufacturing is the first company to use this innovative solution to purchase VCCs from Citi’s portfolio. The project provides 850,000 fuel-efficient cookstoves free of cost to rural households in Vietnam. The cookstove project will be the flagship project of Univers’ proposition.

The solution, according to the company, can help the customer offset part of its 2023 and 2024 Scope 1 to 3 carbon emissions, thereby demonstrating its strong commitment to the low-carbon transition.

Michael Ding, the company’s global executive director, says: “We are excited to add verified VCCs to our platform’s solutions for carbon measurement, reporting and abatement, enabling our mutual clients to accelerate their low-carbon transition.”

Sonia Battikh, Citi’s global head of carbon offsets trading, adds: “Understanding our client’s broader sustainability ambitions enables us to better engage and offer suitable solutions. This offering provides a seamless service to clients as they embark on their sustainability journey.”

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