- New innovative digital solution provides access to selected Voluntary Carbon Credits from Citi Commodities’ portfolio and Univers’ EnOS Ark platform.
Univers, a leading decarbonization technology player, and Citi today announced an innovative 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 (GHG).
Users of Univers’ EnOS Ark Energy & 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 Voluntary Carbon Credits 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’ innovative new proposition.
According to Univers, this solution can help the customer offset part of its 2023 & 2024 Scope 1 to 3 carbon emissions, thereby demonstrating its strong commitment to the low-carbon transition.
Michael Ding, Global Executive Director of Univers, said: “We are very excited to collaborate with Citi on this innovative proposition, and 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, Global Head of Carbon Offsets Trading at Citi, said: “Understanding our client’s broader sustainability ambitions enables us to better engage and offer suitable solutions. We are pleased to support Univers in developing this offering, which provides a seamless service to clients as they embark on their sustainability journey.”
About Univers
Univers is a global decarbonization technology leader. Headquartered in Singapore, it supports over 800 customers across 45 countries, enabling their energy transition journey with its best-in-class end-to-end decarbonization system. Its customers and partners rank amongst the top companies in their industries.
Information on Univers can be found at www.univers.com and on LinkedIn: www.linkedin.com/company/univers-intl/
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
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