Sembcorp unveils new venture for carbon management solutions

It will offer one-stop access to renewable energy certificates and carbon credits.

Sembcorp Industries has launched its carbon management solutions corporate venture, GoNetZero, which aimed to support customers’ corporate climate action plans.

In a statement, Sembcorp said the venture will provide one-stop access to renewable energy certificates, carbon credits, and renewable energy and environmental attribute portfolio management.

OCBC Bank is partnering with GoNetZero for the renewable energy certificate aggregation programme with financial support, the first phase of which will target Singapore companies, with expansion plans to Southeast Asia.

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Global lifestyle brand for gamers, Razer, also tied up with the venture through its sustainability service Restorify which “offers traceable and fractionalised carbon neutral checkout to both consumers and businesses.” 

Meanwhile, UBS, using GoNetZero’s blockchain-based digital platform, will demonstrate the possibility of time-based granular verification and tracking to identify opportunities to reduce carbon footprint, which will be piloted at its Singapore office.

The venture is also backed by the Singapore Economic Development Board’s Corporate Venture Launchpad.