certified

carbon removal projects

in healthy Swedish forests.

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Mårten Mattsson Forest Lead
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Eken pays forest owners to profitably transition towards a forestry with higher commercial, social and biological values.

Give me a call to discuss your forest.

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Per Forssberg Sales Lead

We give Science Based Target initiative (SBTi) companies the opportunity to invest in certified carbon removal projects in Swedish forests.

Let's discuss a solution tailored to your company's long-term needs.

Our story

EKEN Financing Value Added Forestry AB (Eken) was founded in 2020 at the intersection of the forest industry, forestry, finance, and climate science. The business idea emerged from the realization that corporate investments in carbon credits could potentially finance a long-term renewal of Swedish forestry. Through Eken’s market-based solution, SBTi companies are now offered the opportunity to invest in certified Swedish carbon credits with immediate climate impact, where the revenues are used to compensate forest owners for delaying harvesting and improving forestry practices.

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Erik Ottosson CEO & Founder
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Kasper Bengtsson Tech Lead och medgrundare
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Science and technology enable the next generation forestry.

Axfood purchases climate compensation from Eken

2023-06-26

Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.

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 have earned the trust to provide Axfood with climate compensation through Swedish forestry, says Per Forssberg, Sales Lead at Eken. 

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Malin Stavlind Operations & Communications Lead
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I'd love to hear what we can do together.

Give me a call on +46 760 365 583 or fill out the form below. 

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. The trees are allowed to grow for a longer period before harvesting, leading to increased timber volume and carbon sequestration. 

Eken's projects are certified by the leading electronic registry, Verra. The projects meet Verra's highest quality standards in terms of permanence, additionality, and risks of emission leakage. 

News

Axfood purchases climate compensation from Eken

2023-06-26

Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.

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 have earned the trust to provide Axfood with climate compensation through Swedish forestry, says Per Forssberg, Sales Lead at Eken. 

Eken signs agreement with Luleå stift for forest carbon storage  

2023-05-31

Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.

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 for financing improved forestry through climate investments, says Mårten Mattsson, Forest Lead at Eken.

Bringing heavy expertise to Eken’s board

2023-03-11

Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.

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 AB.

Kjell Ormegard, Board Member, with over 35 years of experience in the finance sector, including senior positions at Handelsbanken and Alfred Berg.  

Clein Johansson Ullenvik, Board Member, an experienced CEO and business-oriented leader.  

– I am extremely happy to have attracted these experienced and competent individuals to our board, says Erik Ottosson, founder, and CEO of Eken. 

Global Challenges Foundation invest in Eken 

2022-08-05

Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.

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 receive support from an organization like the Global Challenges Foundation. It is a confirmation that increased carbon sequestration in forests is an important component in mitigating global tipping points, says Erik Ottosson, founder, and CEO of Eken Financing. 

Frequently Asked Questions

What does Eken do?  

Eken enables companies affiliated with the Science Based Target Initiative (SBTi) 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 then, in the next step, utilize high-quality carbon credits, those that remove carbon dioxide from the atmosphere, to compensate for the emissions that companies cannot reduce themselves. Transparency, accountability, and adherence to rigorous standards and certifications help distinguish legitimate carbon credits from greenwashing. 

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 VCS VM0045 methodology approved by Verra. The methodology uses dynamic baseline options, where all the climate effects of the project are compared to similar areas from the National Forest Inventory’s permanent sample plots. Only if the project areas store more carbon than the comparison areas are the carbon credits verified. 

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: 

  • Developing and approving standards that set criteria for the quality of emission credits and projects. 
  • Reviewing projects that generate emission credits against these standards. 
  • Managing registry systems that issue, transfer, and retire emission credits. 

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 certifying projects, Verra ensures that carbon credits truly represent real, measurable, additional, permanent, independently verified, conservatively estimated, uniquely numbered, and transparently listed climate impacts. 

Privacy Policy

Who we are

Our website address is: https://ekenfinancing.com. Our company name is EKEN FINANCING Value Added Forestry. The organisational number is 559261-4258 and our place of operation is Stockholm, Sweden. You can always reach us through our e-mail address info (a) ekenfinancing.com.

What personal data we collect and why we collect it

If you have sent us your information via a contact form then we collect your name, e-mail, company name, telephone number and the message you sent, so that we can contact you.

The data we store

If you have sent us your information via a form then we store your name, e-mail, company name, telephone number and the message you sent, so that we can keep contact for as long as being in contact is relevant to our business relationship.

Who we share your data with

We do not share your data with anyone.

What rights you have over your data

You can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where we send your data

We send your contact form data to our CRM system HubSpot. This information is under the same privacy policy as our web site.

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