Live AU Certificate Prices Twitter Linkedin-in Youtube Buy and Sell Global RECs Contact

Global Financial Institute Commits to Achieving Net Zero by 2050

Download Case Study

The Client

This global financial services business operates in over 30 markets and employs thousands of people, with headquarters in Australia. Services include wealth and asset management, financing, banking, trading, renewable development, and investment capital.

The Project

Aligned with the global goal of achieving Net Zero by 2050, starting in 2021, Northmore Gordon’s teams in Australia and Singapore began working with this business to achieve these objectives. Northmore Gordon has helped achieve net zero for Scope 2 emissions using 100% renewable energy for all international offices over the past three years. This year, the business aims to achieve net zero business operations from Scope 1, 2, and 3 through the retirement of RECsI-RECs, GOs, TIGRs, LGCs, ZNECs, J-Credits and Offsets.

Outcomes

• Under tight deadlines, unbundled RECs were sourced and retired to achieve renewable energy in international offices.

• High-quality carbon credits were retired, offsetting carbon emissions from business operations.

• Net zero was achieved for Scope 1, 2, and 3 business operations and reported in the annual report.

Key Facts

Northmore Gordon provided a portfolio of high-quality projects generating International Renewable Energy Certificates (RECs) and Carbon Offsets, aligned with independent expert assessments. This portfolio approach reduced risk by having a greater global impact on emission reductions. RECRenewable Energy Certificate retirements were aligned to RE100RE100 is the global corporate renewable energy initiative bringing together large businesses committed to 100% renewable electricity. The members must be influential based on their either their brand, global presence, significant energy use or other characteristics that bring attention to their commitment. All companies must commit to purchasing 100% of their electricity from renewable sources by 2050 and purchase that power in the same location they are using it. Interim targets are 60% by 2030 and 90% by 2040. The program is led by the Climate Group in partnership with the CDP. More criteria.

Our Role

• Northmore Gordon acquired and retired IRECs, aligning with RE100 for global operations.

• RECs were sourced from over 20 countries and registries.

• RECs were surrendered for electricity consumption (Scope 2 emissions).

• High-quality carbon credits were surrendered against onsite business operations emissions (Scope 1 and 3).

• Proof of Retirement/Surrender certificates were provided.

Challenges

• Acquiring IRECs in numerous countries with different registries posed challenges.

• Some countries had low REC supply or stringent government regulations.

• Requirements ranged from 50 – 5,000 RECs per country.

Northmore Gordon’s Singapore trading network and Australian advisory capabilities were crucial in overcoming these challenges.

Call or email Craig Morgan today or submit your interest here.

This global financial services business operates in over 30 markets and employs thousands of people, with headquarters in Australia.

Industry

Wealth And Asset Management, Financing, Banking, Trading, Renewable Development, And Investment Capital.

Location

Australia

Siddharth Bansal

Senior Business Development Manager

Contact Siddharth ›

You may also like:

Case Studies

Turning a Regional Utility into an Active Energy Market Participant

Case Studies

Visy Gibson Island: 34,000 t CO2‑e Cut a Year With Waste‑to‑Energy

Case Studies

MainStream Aquaculture: $19K Grant funds a heat pump electrification project

Case Studies

Kalafatis Fresh Produce: $283K in Solar Certificates

Case Studies

Poultry Client Set to Hit 2030 & 2050 Carbon Emissions Targets

Case Studies

Greenham: Moving Towards Decarbonisation

Get in touch

Australia

1300 854 561 (Advisory)

1300 878 500 (Certificates)

Melbourne

Suite 1, Level 4

607 Bourke Street

Melbourne

VIC 3000

Singapore

+65 6690 2480



Singapore

1 Keong Saik Road,

Singapore 089109

Stay up to date

mailto:%20info@northmoregordon.com https://twitter.com/northmoregordon https://www.linkedin.com/company/northmore-gordon-pty-ltd https://www.youtube.com/channel/UCdGc6mABpL2XxVUCrVjYQ1g

Alternatively, complete the form and we will be in

touch with you.

https://northmoregordon.com
Services
Sectors
Upgrades
Certificates
Government Schemes
Helpful Links

Images on This Page