- Pangolin Associates: transparency and the carbon credit registry
- Our offsetting options & recommendations
- Buying carbon credits from us – what to expect
- Accredited GreenPower retailer
- Offsetting is not related to a price on carbon
Public visibility and the carbon credit registry
We are one of the few carbon management providers with transparent and highly visible carbon offsetting practices. When our clients offset all or some of their greenhouse gas (GHG) emissions, we identify them as the purchaser on the Markit Registry. This is a publicly available listing.
We provide 2 options for offsetting your business’ GHG emissions.
- Purchase and retirement of certified carbon credits on the Markit Registry.
- A combination of GreenPower for emissions from electricity and carbon credits for all other emission sources.
We believe organisations need to first reduce emissions as much as possible prior to offsetting. This is the ethical, best practice approach to carbon management. It may include implementing energy efficiencies, staff training and staff behavioural change. Likely it also includes meeting ‘green’ supply chain standards, and selecting reputable, carbon neutral products.
Meeting the National Carbon Offset Standard (NCOS)
The Australian Federal Government introduced NCOS on 1st July 2010. NCOS provides a credible mechanism for businesses claiming carbon neutrality for services and / or products. Pangolin Associates’ data collection and GHG assessment processes align with NCOS requirements. Our carbon credit and GreenPower products are also compliant with the scheme.
Primarily we provide carbon credits created under the Verified Carbon Standard (VCS) and Gold Standard (GS VER). We typically source our credits from projects supporting renewables, such as wind and ‘run of river’ hydro schemes.
One carbon credit represents a reduction in greenhouse gas (GHG), or it supports GHG removal from the atmosphere via sinks. Either way it is relative to a business as usual baseline: 1 carbon credit equates to 1 tonne of CO2-e, or carbon dioxide equivalent. Put another way, a tonne of carbon is either prevented from entering the atmosphere, or sequestered from the atmosphere.
Regardless of the volume or type of credits, we retire all credits on behalf of the purchaser. It is 100% transparent and publicly accessible. The Markit Registry entries show serial numbers along with comments linked to the client.
Read or download from Australian GreenPower: The facts about GreenPower and the carbon price (PDF, 143 Kb).
Pangolin Associates is accredited with Australian GreenPower, as well as the Federal Government’s Department of Climate Change and Energy Efficiency (DCCEE).
As part of the transparency of these accreditations, we also undergo an external, independent audit of our GreenPower sales annually.
When you buy a GreenPower product, you are investing in the Australian renewable energy sector. GreenPower is an Australian government accreditation program. Renewables are generated from sources such as mini hydro, wind power and biomass. These sources produce no net GHG emissions.
Clients who purchase GreenPower from us are eligible to apply to use the GreenPower ‘tick’ logo. The tick indicates the highest environmental standard.
Choosing to offset with carbon credits and / or GreenPower is a voluntary action. It is not related to the federal government’s price on carbon. While voluntary, carbon credits are officially documented in the Markit Registry.
*We ensure that the proof of purchase and retirement of credits are linked to your business.
Our clients choose voluntary environmental action for a number of reasons:
- Good corporate citizenship:
Triple bottom line reporting or corporate social responsibility (CSR)
- Supply chain pressure:
More and more customers expect green credentials from their suppliers. It is now common to find an entire section of a tender dedicated to environmental responsibility. Voluntary actions, such as purchasing carbon credits or GreenPower, provide a competitive edge.
- Staff attraction and retention:
Quality staff is a challenge for most businesses. Good green policies that engage employees assist in this challenge.
Many environmental initiatives result in realised efficiencies. In most cases these translate into cost savings.