Vertree has a strong track record of providing environmental advisory services
We help clients understand their environmental impact, develop their climate mitigation and science-based net-zero strategies, supporting their transition and assisting with communicating the results.
What we offer
With various mitigation tactics available, deciding on a strategy and embarking on a climate transition journey can be difficult tasks.
We start by assessing our clients’ and their value chains’ carbon footprints and establishing target boundaries, climate ambitions and timeframes that are aligned with the Paris Agreement <1.5°C scenario.
We then support firms develop long-term, science-based climate mitigation strategies, assisting them in re-engineering their business in a way that reduces their overall environmental impact.
We help companies prepare for net-zero or climate neutral certifications in anticipation of formal guidance and criteria from institutions such as the Science Based Target initiative which are due to launch their net-zero framework in 2021. We provide a combination of emission reductions and climate compensation projects from our portfolio, and validate and certify these through our trusted, independent partners.
Vertree aims to ensure that all the decarbonisation and net-zero strategies we develop maximise environmental and social impact and align with the UN Sustainable Development Goals.
Bringing the impacts of climate compensation projects to life
Shaping an environmental message can be challenging.
Through our global, on the ground network of developers and partners, and through the continuous support from the local communities surrounding our project areas, we show up-to-date information on the projects that our clients are investing in. This includes details about the project activities and initiatives that contribute to the delivery of emission reductions and SDGs.
We can thus help firms communicate and highlight their environmental credentials, climate pledges, long-term carbon reduction targets and most importantly, the initiatives and their results.
The services we offer
Business as usual is over. The time to act is now.
What makes us different
From the knowledge centre
Vertree becomes a Founding Member of Kita’s new Carbon Supplier Pool
12th October, 2023: Kita has announced its ability to pay insurance claims in replacement carbon credits, meeting a significant need…
12th October, 2023:
Kita has announced its ability to pay insurance claims in replacement carbon credits, meeting a significant need for companies engaging in the carbon markets.
Kita has secured a Letter of Intent from Vertree to be a founding member of a dedicated Carbon Supplier Pool which will provide replacement carbon credits in the event of a claim.
Paying insurance claims in replacement carbon credits gives carbon buyers and investors greater flexibility in risk management options and confidence in meeting their high-integrity net zero targets.
Lloyd’s of London coverholder, Kita, worked closely with lead capacity provider, Chaucer, on this trailblazing offering.
Kita, the carbon insurance specialist and Lloyd’s of London coverholder, today announces that clients of its Carbon Purchase Protection Cover insurance now have the option to receive insurance claims in carbon credits. This ground-breaking approach— believed to be amongst the first-of-its-kind in the insurance industry — highlights Kita’s commitment to scaling the carbon markets through innovative insurance products that underpin clients’ high integrity net zero goals.
The option for carbon credit claims will be available to clients that purchase Kita’s flagship insurance product, Carbon Purchase Protection Cover, which protects buyers of forward-purchased carbon credits against under-delivery.
Kita will work closely with lead capacity provider, Chaucer, to review and assess claims and offer replacement carbon credit payment. Cash payment for eligible claims will also remain an option.
Replacement carbon credits for eligible claims will be distributed from Kita’s proprietary Carbon Supplier Pool. Vertree, Everland, Pachama and Respira make up the first members of Kita’s Carbon Supplier Pool. All are leaders in the provision of high-integrity carbon credits to the voluntary carbon market and have signed Letters of Intent to operationalise paying carbon insurance claims in carbon credits.
“Kita’s mission is to drive more financing to scale high-integrity carbon projects, and we believe insurance is a key enabler to do this. We are proud to be leading the field when it comes to paying claims in carbon, and look forward to working with, and expanding, our Carbon Supplier Pool as we move forward.”
-Natalia Dorfman, CEO and co-founder, Kita
“At the heart of our sustainability strategy is our commitment to being a force for good. Our ability to pay valid claims via carbon credits is a key step to ensure clients are able to meet their global net-zero and wider sustainability ambitions.”
-Hayley Mayard, Head of Innovation, Chaucer
Kita is the carbon insurance specialist. Kita develops bespoke carbon insurance products that safeguard the quality and performance of carbon transactions. By reducing risk, carbon insurance channels investment towards high quality carbon projects, enabling them to scale at the pace needed to address the climate crisis.
Kita is a coverholder at Lloyd’s of London, the world’s specialist insurance and reinsurance market, underwritten by Chaucer Group, Munich Re Innovation Syndicate and RenaissanceRe. Kita’s first product is Carbon Purchase Protection Cover, protecting buyers of forward purchased carbon removal credits against under-delivery.
Kita was founded in December 2021 by Dr. Paul Young, Thomas Merriman and Natalia Dorfman. The company was nominated by PDIE Group for the Earthshot Prize 2023 and has been awarded grants from the European Space Agency and UK Research and Innovation.
About Vertree Partners
Vertree enables leading companies and institutions to invest in both nature and innovative climate technologies to reach their decarbonisation goals. Founded in 2020, Vertree is focused on driving positive environmental and social impact and providing its customers access to existing and future supply of high-integrity environmental commodities. It does this through directly financing quality emissions reductions and removals projects; partnering with renowned project developers; investing in innovative organisations and technology-based solutions; and providing its expertise in voluntary and compliance markets, trading, market analytics and risk management. Vertree is wholly owned by Hartree Partners, a leading energy and commodities trading firm with over 25 years’ experience in physical and financial, energy and commodities markets.
Vertree Media contact
Lucy Haines, Vertree Head of Communications
Sasol announces partnership with Vertree Partners to advance its environmental markets strategy
6th September 2023: South African global chemicals and energy company, Sasol Limited, announces a three-year agreement to work with international carbon…
6th September 2023: South African global chemicals and energy company, Sasol Limited, announces a three-year agreement to work with international carbon solutions provider, Vertree Partners Limited, on access to high-quality carbon credits and climate investments.
In accordance with a memorandum of understanding (MoU) signed between the two parties, Vertree will help Sasol devise robust pathways for decarbonisation, manage associated risks and make high-quality, high-impact investments in carbon reductions and removals as part of the company’s journey to net zero.
A wholly owned subsidiary of Hartree Partners, Vertree is focused on decarbonisation and environmental markets. Vertree’s experienced team assists companies and institutions to reach their climate goals. Through established partnerships with project developers, investments into new market innovations and environmental market insights, Vertree will guide Sasol and provide access to existing and future supplies of high-quality carbon credits and other environmental investments.
Speaking at the signing of the MoU, Sasol’s Vice President for Climate Change, Shamini Harrington, said: “High-quality carbon credits can uplift communities and contribute positively towards national imperatives of alleviating poverty, unemployment and inequality while simultaneously meeting decarbonisation objectives. We are excited to start this journey with Vertree to put in place the tools and frameworks to ensure investment in credible carbon projects that deliver on these imperatives.”
Vertree’s Muireann Mageras commented: “We are delighted to begin our partnership with Sasol. We are committed to supporting Sasol to accelerate its decarbonisation and ensure the delivery of credible environmental and social value through carbon-related projects and investments.”
Sasol is transforming its business towards an absolute scope 1, 2 and 3 (Category 11) net zero ambition by 2050. This includes an interim 30% emissions reduction target on absolute scope 1 and 2 emissions by 2030, and a 20% reduction in absolute scope 3 (Category 11) emissions over the same period. Sasol believes that, if properly designed and delivered, investment in nature and technology-based solutions can play an important enabling role in addressing hard-to-abate emissions while realising other important environmental and social benefits. Carbon credits will only be used to supplement the company’s existing emission reduction activities and are not intended to replace them.
Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We strive to safely and sustainably source, produce and market a range of high-quality products in 22 countries, preserving and creating value for stakeholders.
About Vertree Partners
Vertree Partners enables leading companies and institutions to invest in both nature and innovative climate technologies to reach their decarbonisation goals. Founded in 2020, Vertree is focused on driving positive environmental and social impact, and providing its customers access to existing and future supply of high-integrity environmental commodities. It does this through directly financing quality emissions reductions and removals projects; partnering with renowned project developers; investing in innovative organisations and technology-based solutions; and providing its expertise in voluntary and compliance markets, trading, market analytics and risk management. Vertree is wholly owned by Hartree Partners, a leading energy and commodities trading firm with over 25 years’ experience in physical and financial, energy and commodities markets.
Vertree Media contact
Lucy Haines, Vertree Head of Communications
What is Carbon Dioxide Removal (CDR)?
With a rapidly closing window of opportunity to limit temperature rise to 1.5 degrees, Vertree’s Head of Technological Carbon Removal,…
With a rapidly closing window of opportunity to limit temperature rise to 1.5 degrees, Vertree’s Head of Technological Carbon Removal, David Stead, examines the role of CDR technologies on the pathway to net zero.
Recognised by the Intergovernmental Panel on Climate Change (IPCC) as required to achieve global and national targets for net zero greenhouse gas emissions, CDR is rising up the global agenda. Reducing emissions is an urgent imperative but ultimately will not alone be sufficient to achieve net zero, certainly not in the limited time frame required and especially considering that global emissions remain on the up (rising 0.9% to 36.8 billion tonnes in 2022).
But CDR it is not without its challenges and of course varying costs. In this article we define CDR, provide an overview of emerging technologies, and examine the reasons for investment today as part of an urgent and comprehensive strategy to avert climate breakdown.
Carbon dioxide removal (CDR) encompasses any technology, practice or process which removes carbon dioxide from the atmosphere and durably stores it. A medium to high level of durability is considered to be over 100 years. CDR as a term is reserved specifically for deliberate human activities to remove carbon dioxide and is not inclusive of natural processes which remove carbon without intervention.
There are now an increasing number of emerging technologies focused on CDR…
Examples of Technological Carbon Dioxide Removals (T-CDR)
- Bioenergy with Carbon Capture and Storage (BECCS) – This is the capture and permanent storage of CO2 through the use of biofuels (fuels derived from a biogenic source). Naturally, biomass captures carbon as it grows which offsets the emissions of its combustion. The removal potential, however, lies in pairing it with carbon capture and storage to permanently divert the carbon dioxide from the carbon cycle post combustion.
- Biochar/biooil – Often a form of the above, these products are the result of separating carbon from biomass and storing it. Biochar is a substance like charcoal created through a process called pyrolysis, which involves heating up biomass to very high temperatures in low-oxygen conditions. It is typically applied to soils for storage and thought to improve the quality of the soil. Biooil is similar in that it is created through pyrolysis but results in a liquid, which typically will be pumped into geological storage.
- Direct Air Capture (DAC) – One of the most expensive and energy-intensive processes, these technologies capture CO2 from the atmosphere by mechanical means for storage in geological formations or for use in other applications. The technology can be implemented at any given location, not at the source of emissions as with carbon capture.
- Carbon storing materials – There is growth in new innovative processes which create materials to act as sinks to store carbon e.g. concrete or plastics. These are particularly appealing where the sink is a useful product in itself and provides a durable storage solution. However, it is important to complete full carbon lifecycle analysis and confirm net removals are achieved.
- Mineralisation – This is the accelerated capture and storage of CO2 in the form of carbonate minerals such as calcite or magnesite. It uses natural processes but accelerates them by extracting and refining rocks and minerals to increase exposure to the atmosphere. Whilst the chemical pathway is clear and well understood, the timing and rate of sequestration is site and weather dependent. Projects have been working to improve the accuracy of carbon accounting, and crediting mechanisms are only recently emerging.
- Ocean fertilisation – This involves accelerating, by technical means, the natural processes of CO2 uptake by both the water and organisms in oceans. This is done by adding nutrients to the upper ocean waters. The science for these technologies is still being developed, and few projects are in commercial operation today, but the potential is huge and it is an exciting space.
Examples of nature-based carbon removals
- Soil carbon – This encompasses agricultural or land management practices which protect and bolster natural carbon stocks in the soil.
- Afforestation, reforestation and Improved Forest Management (IFM) – Within these mechanisms tree growth is supported, encouraged and protected, and carbon remains naturally in the biomass.
- Blue carbon – This is CO2 capture and storage by biomass specifically in marine or coastal ecosystems such as mangroves and seagrass beds.
Nature versus technology?
Nature-based solutions to carbon removal leverage known natural processes and are currently low-cost comparative to technological removals. They restore natural habitats and usually provide numerous social and environmental co-benefits. However, permanence and precise carbon measurement will always be challenging as natural ecosystems are often vulnerable to loss or degradation, bringing the risk of carbon sinks being lost.
Technological carbon removals have the potential to provide permanence and for the carbon to be more easily measured and quantified (in some technologies). However, they are currently more expensive and considered to have as-yet unproven viability at scale. As emerging technologies, they are also yet to have the standardised methodologies and mechanics for accounting and verification of other solutions. Perhaps the most significant concern however relates to the perception that their investment will come at the expense of preserving and restoring natural systems.
But that shouldn’t be the case. In fact, we will need both, at scale, on the journey to net zero. Rather than pit one solution against another, realising the potential of both is the best chance we have of achieving our goals.
Why invest in technological removals today?
While we can invest in nature-based solutions today at comparatively low cost, and we should do this, investment in T-CDR is also essential today to enable these mechanisms to develop, scale and reach their potential in the coming decades as our climate deadlines near and we will need them most.
Due to the cumulative warming potential of CO2 in the atmosphere, the implementation of carbon removal technology is essential as soon as possible. Delaying removals will lessen the chances of these technologies effectively limiting global warming.
What does this mean for your organisational climate strategy?
It is widely accepted (by international target and claim standards such as the Science Based Target initiative, and the Oxford Offsetting Principles) that to achieve net zero, companies will eventually be required to eliminate residual emissions with carbon removals. Removals will also be particularly material for hard-to-abate sectors who are likely to be most exposed to rising costs of carbon and the pressures to decarbonise.
Consequently, the demand for removals is set to increase along with cost and competition over supply. Making investments into key projects and technologies could therefore pay dividends (or carbon credits) in future, and having a diverse portfolio of removals can limit risk and increase advantage.
Very few corporates are making investments in the space of T-CDR yet, which also provides the opportunity of the first-mover advantage in this space. Plus attending to legacy emissions becomes a possibility and could be the next frontier of climate leadership for organisations.
Ultimately, there is no time to lose in advancing all elements of our climate strategies and this includes CDR. If viewed as complimentary to science-aligned reductions and nature-based restoration, investing today can ensure we will have the broadest range of technically and financially viable solutions to tackle the climate crisis.