Saturday, July 13, 2024
HomeRegionalAMASIBUR closes first carbon offset sale

SIBUR closes first carbon offset sale

MOSCOW, Russia, 22 August 2023 -/African Media Agency (AMA)/- SIBUR has completed its first deal to sell carbon offsets produced as part of a climate project at ZapSibNeftekhim. The deal helped QIWI, a leading provider of new generation payment and financial services, fully offset its 2022 GHG emissions (Scope 1 and 2).

The sale and redemption of carbon units was carried out using the Green digital platform based on blockchain technology, which ensures a high level of data transparency, traceability and immutability throughout the climate project life cycle.

ZapSibNeftekhim’s climate project meets ISO 14064-2:2019 as confirmed by Verico SCE, Europe’s leading validation and verification body. The carbon units gained under the project are put on the distributed ledger and made available to buyers worldwide, enabling businesses and individuals to offset their carbon footprint.

Mikhail Karisalov, CEO and Chairman of the Management Board of SIBUR: “The first carbon offset deal is a major step for both SIBUR and the market. Having worked our way from the implementation and international certification of our technological climate project to closing a blockchain sale with maximum transparency, we gained invaluable experience and are all set for taking this initiative further.” 

Andrey Protopopov, CEO of QIWI: “QIWI is fully aware of the gravity and scale of global climate change, that is why carbon footprint management is among the priorities of its sustainable development strategy 2025. We are pleased to announce that, thanks to cooperation with SIBUR, we have managed to fully offset QIWI’s direct and indirect greenhouse gas emissions in 2022. We believe it is important to support the development of voluntary carbon markets, which play an increasingly important role in the decarbonization of the global economy. QIWI plans to continue working on new environmental initiatives and projects based on breakthrough technologies.

Elizaveta Romanova, CEO of Vechny Gorod: “Our company operates the green digital platform Evercity, which is designed to structure climate projects in line with international standards and to attract carbon finance. The platform’s carbon register, developed on the basis of the Polkadot public blockchain, contains information on climate projects, as well as the issue, transfer and redemption of emission reduction units resulting from them. The use of a public blockchain increases the transparency of, and trust in, project results while also ensuring that the data are immutable and accessible to all stakeholders.” 

SIBUR’s climate goals are reflected in its 2025 Sustainable Development Strategy. To achieve them, the Company implements a wide range of decarbonisation measures, which are regularly updated. In 2022, SIBUR reduced specific GHG emissions in Gas Processing and Petrochemicals by 20% and 5% respectively, and increased the share of green energy in its energy mix sixfold vs 2021. We obtained international certification of the climate project at ZapSibNeftekhim confirming the reduction of GHG emissions totalling some 3 million tonnes of CO2 eq. The climate project implemented at SIBUR-Khimprom in Perm is the Company’s first project to be included in the Russian Registry of Carbon Units. Moreover, SIBUR launched the Green Formula – NBS climate initiative in 2022 and has planted over 2 million trees as part of it. 

Distributed by African Media Agency (AMA) on behalf of SIBUR.

SIBUR is the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry. The Company’s unique vertically integrated business model allows it to create highly competitive products consumed in the chemical, fast moving consumer goods (FMCG), automotive, construction, energy and other industries worldwide. The key document outlining the focus areas of our ESG agenda is the 2025 Sustainable Development Strategy

QIWI is a leading provider of cutting-edge payment and financial services. It stands at the forefront of fintech innovations to facilitate and secure the digitalisation of payments. QIWI offers a wide range of products across various categories: QIWI payment and financial services ecosystem for B2B and B2C clients, ROWI digital structured financial products for SME, digital marketing via RealWeb and Flocktory, and several other projects.

Green Digital Platform is a green bond and carbon origination platform designed to enhance the efficiency and transparency of sustainable finance. It provides a unique project management engine that brings key stakeholders together, reducing issuance time and costs by 70%. The automation and integration of global standards make green debt issuance more accessible. The use of blockchain and digital monitoring tools increases data transparency, and raises trust of all involved stakeholders.

Media Contact:

The post SIBUR closes first carbon offset sale appeared first on African Media Agency.

Source : African Media Agency (AMA)

- Advertisment -

Most Popular

Recent Comments

Sylvester Movette zunda on Mali wedding attack kills 21
James Hastings Chidule on Malawi’ fistula recovery at 86%
WELLINGTON WITMAN MOSELIJAH LUNDUKA on The history of Ngoni Maseko in Malawi
Lisa Frank on Home
azw3 on Home
Define Regtech on Home
Tobias Kunkumbira on Malawi to roll out Typhoid vaccine
arena plus nba standings 2022 to 2023 ph on Home
David on Home
마산출장 on Home
Cristina Thomas on Home
Alicia Alvarado on Home
The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?