EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has joined hands with WOCE Solutions Pvt. Ltd., a company that helps organizations understand and implement the concept of capturing carbon footprint through innovative product offerings.
It's a first-of-its-kind development in the country which seeks to facilitate individuals, businesses and organizations with a one-stop solution for all aspects of carbon inventory, management and neutrality/net-zero solutions.
This association will also pave way for development & adoption of Digital Monitoring, Reporting & Verification (DMRV) for various projects which EKI is servicing across the globe in addition to the ones it will undertake in future, resulting in improved quality assurance, accuracy, integrity, transparency and trust.
As a result of the collaboration, EKI aims to enhance the current scope and extent of its sustainability and climate change solutions by integrating technology into the existing service offerings. All the existing and prospective clients will now be facilitated with end-to-end carbon management including the ability to capture, measure, track, reduce and offset their carbon footprint.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, "We believe it is important to strengthen climate action globally to control GHG carbon emissions and fast stride the journey towards a net-zero future. This is possible only if individuals, businesses and organizations realize the need for reducing their carbon footprint, get right guidance and consultancy to start their climate journey and contribute significantly towards global climate action. Through our collaboration with WOCE, we aim to ease the climate journey for everyone and ensure that one gets all climate solutions from the calculation of carbon footprint to consultancy for carbon offset management under one roof."
Mr. Anup Garg, Founder and Director at World of Circular Economy (WOCE) Solutions Pvt. Ltd., said, "Our partnership with EKI represents a significant step towards creating a more sustainable and equitable world. With this collaboration, we will provide an all-encompassing suite of sustainability consulting and technology solutions to 3500+ clients across 40+ countries which EKI is currently serving. Our goal is to achieve carbon neutralization. WOCE is dedicated to offering comprehensive solutions that will aid in the creation of a sustainable future for all. Together with EKI, we will drive meaningful change and ensure a better future for generations to come."
According to a recent research report by Research and Markets, the global sustainability & energy management software market is growing exponentially. It was estimated at USD 1.34 billion in 2022, USD 1.51 billion in 2023, and is projected to grow at a CAGR of 12.39% to reach USD 3.42 billion by 2030.
Climate compliance continues to be a largely voluntary practice by companies. EKI envisions enabling businesses, organizations and even individuals across the globe to gauge the adverse effect of their business activities on climate and be a one-stop solution for climate action at all levels. It is time that everyone understands their climate obligations and through this collaboration, EKI aims to onboard more people to adopt sustainable practices and enhance its leadership in the climate services sector globally.
Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 514.85 as compared to the previous close of Rs. 533.80. The total number of shares traded during the day was 79220 in over 4033 trades.
The stock hit an intraday high of Rs. 540.00 and intraday low of 512.00. The net turnover during the day was Rs. 41160916.00.