DGB is at the forefront of developing a new plastic credit project, a significant initiative aimed at curbing plastic pollution and fostering environmental accountability. This programme, developed and managed by DGB, is focused on the cleanup and recycling of plastic. Every 1,000 kg of plastic cleaned up and recycled will create a plastic credit, making a substantial impact on reducing plastic waste in nature.
For this pilot phase, DGB has partnered with a local project implementation partner in Sri Lanka. DGB is looking to conclude the feasibility studies in the coming months and is aiming to start the project in Q3 2024.
As the developer of this programme, DGB enables investors and companies to actively participate in lessening the global burden of plastic waste, thereby safeguarding marine life and preserving fragile ecosystems. Biodiversity credit project
DGB is spearheading the development of a biodiversity credit project. This project is tailored to fund the conservation and restoration of biodiversity, with DGB actively managing the project to support the protection and restoration of crucial habitats, safeguard threatened species, and rehabilitate degraded ecosystems.
For this pilot phase, DGB has partnered with a local project implementation partner in Australia. DGB is looking to conclude the pilot phase and full feasibility studies in the coming months and is aiming to start the project in Q3 2024.
By developing and offering biodiversity credits, DGB empowers investors and companies to contribute meaningfully to biodiversity enhancement, improving the livelihoods of local communities and investing in the ecological variety of our planet. Diversified environmental solutions
These pilot projects mark DGB's strategic diversification into new types of environmental credits, reaffirming its role as an innovator in the field of sustainable investments.
In 2023, the Group expanded its carbon credit (carbon unit) project pipeline to 60.1 million carbon credits under management, marking a substantial +58% year-over-year growth. The introduction of plastic and biodiversity credits complements DGB's existing portfolio of carbon credits, further strengthening its position in the rapidly expanding market of environmental credits.
"Our expansion into plastic and biodiversity credits is more than just a strategic business decision; it's a commitment to our planet and future generations," said CEO Duijvestijn. "The launch of these pilots signifies DGB's dedication to providing comprehensive solutions for environmental challenges. We are not just observing market trends; we are actively shaping a sustainable future."
Partnering and purchasing biodiversity and plastic credits in advance at this early stage is possible for a select few partners and businesses; please contact our sales team at credits@green.earth for more information.
Contact details
DGB GROUP NV
press@dgb.earth
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About DGB
DGB is a project developer of high-quality, large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net zero. Global megatrends drive the demand for carbon credits and underpin growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. www.green.earth
Disclaimer
This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB's management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
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