What does Eken do?
Eken enables companies affiliated with the Science Based Target Initiative to invest in high-quality carbon credits 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.
What is climate compensation?
Climate compensation involves financing a climate action that is outside of a company’s own operations. Emissions in the company’s value chain that cannot be reduced can be compensated by purchasing emission credits that permanently reduce greenhouse gas emissions.
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 emission reduction goals aligned with the objectives of the Paris Agreement, aiming to limit global warming to below 2 degrees Celsius. To have their targets approved as science-based, companies need to demonstrate that their emission reduction goals are in line […]
What is a certified/high-quality carbon credit?
These 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 VCS VM0045 methodology approved by Verra. The methodology uses dynamic baseline options, where all the climate effects of the project are compared […]
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 […]
ABOUT
EKEN Financing Value Added Forestry AB (Eken) provides companies affiliated with the Science Based Targets Initiative 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. […]
Eken signs agreement with the Church for forest carbon storage
Eken Financing AB gives SBTi companies the opportunity to invest in multi-year high quality offset projects with immediate climate impact and pays forest owners to profitably transition towards forestry practices with higher commercial, social, and biological value. The purpose of the Swedish Church´s agreement with Eken is to increase the timber share at the leasehold […]
Prominent names for Eken´s board
Eken Financing AB gives SBTi companies the opportunity to invest in multi-year high quality offset projects with immediate climate impact and pays forest owners to profitably transition towards forestry practices with higher commercial, social, and biological value. Now this groundbreaking company has recruited a well-known board with great expertise in forestry, finance, and business. Michael […]
Global Challenges Foundation invest in Eken
Eken Financing AB gives SBTi companies the opportunity to invest in multi-year high quality offset projects with immediate climate impact and pays forest owners to profitably transition towards forestry practices with higher commercial, social, and biological value. The Global Challenges Foundation is a Swedish foundation dedicated to advancing the development of global decision-making models that […]