ACX Ltd, the UAE-based global exchange revolutionizing the voluntary carbon market, and Carbon Offset Certification (COC), the Swiss-based certification protocol for carbon neutral commodity transactions, products, or services, have agreed to collaborate to support the commodity industry on its journey to carbon neutrality.
By partnering with COC, ACX's commodity, aviation and shipping members will be able to benefit from COC's targeted approach to their respective sectors.
COC provides certification of credible environmental claims for commodities, products, or services. It involves calculating the carbon footprint (based on recognized GHG accounting standards), verifying the results through a qualified verification body (such as Bureau Veritas), and mitigating the emissions with quality carbon credits that companies can purchase and retire via carbon markets access providers like ACX.
ACX's clients will therefore benefit from this extra layer of certification to ensure all their offset practices and environmental commitments are being carried out to the highest standards.
Henri-Jean Bardon, Director of Biofuels Platform of ACX, said, "As ACX is growing and expanding both geographically and in product offerings, it is important for us to keep transparency top of mind and further support customers in making carbon neutral portfolios. The collaboration with the Carbon Offset Certification initiative is a key step in this direction and showcases our commitment to additional layers of verification and certification in all aspects of our platform and services."
Paul Sébastien, CEO of Carbon Offset Certification, said, "As the demand for carbon offset certified products and services is growing fast, efficient access to carbon market is essential for companies. COC is thrilled to collaborate with ACX, leading global carbon exchange, to facilitate companies' journey to decarbonation."
The two companies, ACX and COC, have a shared goal to collaborate to offer complementary services for efficient carbon markets access and solutions to communicate environmental action in a credible and robust manner.