Axfood purchases climate compensation from Eken
Axfood, a leading group in the Swedish grocery retail sector, has entered into an agreement with Eken regarding 32,000 CO2e stored through extended rotation age of at least 10 years in Swedish forests. The agreement is a continuation of the collaboration on climate compensation that began in 2022. – We are delighted to once again […]
ABOUT
EKEN provides companies systematically working to reduce their carbon dioxide emissions the opportunity to invest in high-quality carbon credits in Swedish forests with immediate climate impact. Access to the certified carbon credits is based on long-term agreements with Swedish forest owners who are compensated for postponing logging and improving forestry practices. The trees are allowed […]
Eken signs agreement with Luleå stift for forest carbon storage
Eken has signed an lease agreement with Prästlönetillgångarna, Luleå stift to lease part of the forest Sorsele 1:1 for 30 years. By extending the rotation age by 30 years, Luleå stift will increase carbon sequestration and the proportion of sawn timber on the leased site. – Luleå stift demonstrates forward thinking and recognizes the potential […]
Bringing heavy expertise to Eken’s board
For the company’s next step, Eken has now recruited an experienced board with significant expertise in forestry, finance, and business. Michael Bertorp, Chairman of the Board, with extensive experience in the forest industry, including Vice President of the SCA Group. Currently Chairman of the Board for Bergs Timber AB and a member of Stadshypotek […]
Global Challenges Foundation invest in Eken
The Global Challenges Foundation is a Swedish foundation dedicated to promoting the development of global decision-making models that can effectively address and, ideally, eliminate major global risks that pose a threat to humanity. As part of the foundation’s capital investments, Global Challenges has now decided to invest in Eken Financing. – We are very pleased to […]
What does Eken do?
Eken enables companies which systematically working to reduce their carbon dioxide emissions the opportunity to invest in high-quality carbon removals in Swedish forests, providing immediate climate impact. Access to certified carbon credits is based on long-term agreements with Swedish forest owners who are compensated for postponing logging and improving forestry practices.
Which forests are of interest to Eken’s project?
Currently, the project focuses on coniferous forests in Värmland, Örebro, Västmanland, Uppsala, Stockholm County, or areas north of them. Forests that have reached the minimum final felling age are more interesting than younger forests. Please contact us for further discussion!
What is the Science Based Targets Initiative?
The Science Based Targets Initiative (SBTi) provides a framework and guidelines for companies to set Science-based targets for emissions reduction. The targets should be in line with the latest climate research and aligned with the Paris Agreement. SBTi companies are urged to first reduce emissions in their own value chains as much as possible and […]
What is a certified/high-quality carbon credit?
High-quality carbon credits remove carbon dioxide from the atmosphere (carbon removals), unlike carbon credits that solely reduce emissions (carbon reduction). Certified/high-quality carbon credits are carbon credits that have been verified by a third-party certification body to ensure that they represent real, additional, measurable, and permanent greenhouse gas emissions reductions or removals. Eken’s project follows the […]
What is Verra?
Verra is a nonprofit organization established in the United States in 2007 and is the leading global electronic registry for carbon credits. Verra performs three fundamental functions:
What is required for a carbon credit project to be approved by Verra?
For a project to meet Verra’s standards, it undergoes ongoing review by both Verra and a qualified third party. This ensures that the project complies with the rules and requirements of the standard, applies the methodologies correctly, follows local laws and regulations, and does not cause any negative impacts on local stakeholders. By verifying and […]