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EKI Energy Services Ltd collaborates with DNV Supply Chain & Product Assurance to foster climate transition ecosystem

Posted On : 2023-01-12 14:46:01( TIMEZONE : IST )

EKI Energy Services Ltd collaborates with DNV Supply Chain & Product Assurance to foster climate transition ecosystem

EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has collaborated with DNV Supply Chain & Product Assurance, a Norway-based independent assurance and risk management provider, to foster climate transition ecosystem with innovation and digitalisation by numerous measures agreed upon by both organizations as part of Charter of Collaboration.

Under the collaboration, EKI will extend advisory services to DNV's assurance customers on their journey towards carbon neutrality and net-zero in addition to GHG inventorization / ESG and sustainability assurance services.

The collaboration also seeks to bridge the gap between capital market sustainable finance and carbon finance by innovative debt financial instrument assurance with DNV's broad experience, deep expertise and global reach as the company is operating in over 100 countries.

Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, "The global climate action has prompted a wave of national net-zero commitments as a result of which, an increasing number of businesses and organizations are setting their own carbon neutrality goals and to achieve their commitments, which required an effective and expert advisory support. EKI's team of climate experts is helping customers adopt and implement sustainable solutions for climate change and carbon offsets. Through this collaboration, we aim to expand our global reach and extend our services to a larger group of customers together with DNV to 'steer the planet towards net-zero.' We look forward to facilitate our customers with innovative solutions and strengthen voluntary carbon market ecosystem."

Mr. Prakash Tikare, Area Manager India Subcontinent & Middle East, DNV SCPA said, "There is still a gap in the market how organisations monitor and report their carbon emissions and the clarity in their net zero goals. But we cannot avoid the fact that organisations are realizing the importance of reducing emissions and demonstrating their social and environmental responsibility, and in formulating and communicating their ambitions. Although the carbon emission reduction is a global challenge and a focus point for international policy. DNV has extensive knowledge of economic and business drivers such as the European Emission Trading Scheme (EU ETS3) and can advise on tools and options such as energy efficiency plans, life cycle analysis, carbon footprinting and bio-based production chains. With this collaboration we want to create awareness about the carbon credit market and help our customers to incentivize their carbon offset and emissions which will drive them towards the net zero journey."

The collaboration will benefit EKI by enhancing its global reach and strengthening its network of global customers by creating awareness on climate change mitigation and adaptation. EKI, being one of the world's largest carbon credit supplier, can support DNV assurance customers seeking to offset their residual emissions in their journey toward net-zero. In addition, there will be focus on digital carbon forward creation and tokenization of carbon credits.

EKI Energy Services Ltd. (EKI) is an Indore-based carbon credit expert company that has over 14 years of experience in the realm of climate action and offset solutions. EKI is the first ever company to list a Plastic Project from India with Verra - a global accreditation standard located in Washington, USA. The company recently also launched a Rs. 1000 crores (125 million USD) Climate Impact Fund in partnership with Singapore based ICAM (Impact Capital Asset Management Pte. Ltd.).

EKI also specialises in driving community-based projects like green cooking for efficient cook stoves in rural homes and nature inspired solutions (NBS) for climate action.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 1222.10 as compared to the previous close of Rs. 1227.90. The total number of shares traded during the day was 17200 in over 1443 trades.

The stock hit an intraday high of Rs. 1242.00 and intraday low of 1219.30. The net turnover during the day was Rs. 21098227.00.

Source : Equity Bulls


EKIEnergyServices INE0CPR01018 Collaboration DNVSupplyChainandProductAssurance