Over 90% of Companies Rate Environmental Benefits as Key Motivation for Interest in Carbon Offsets

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EcoSecurities, a leading company in the business of sourcing, developing, and trading carbon credits from greenhouse gas emission reduction projects, has partnered with Baker & McKenzie LLP, a leading climate change law firm, and ClimateBiz, the resource for climate management, to launch the second edition of The Carbon Management and Offsetting Trends Survey Report 2009.

It's highly encouraging to see this growth in interest from companies taking climate action, despite the doom-and-gloom outlook on the global economy this year

The Carbon Management and Offsetting Trends Survey was originally undertaken in 2008 to establish what the business consumer thought about the voluntary carbon market and understand the varying views and opinions about the use of carbon offsets as part of a wider, integrated carbon management strategy. Now, one year on, there is still the same underlying impetus that climate change must be addressed, with businesses playing vital and important roles in helping society as a whole in its transition to a low carbon economy.

Highlights of the research, which sampled 280 global, multinational and regional organisations, and 31 carbon companies, included:

  •     Over three quarters of companies have implemented or have started developing a carbon management strategy
  •     Two thirds of respondents have already offset their carbon emissions or will consider offsetting in the future
  •     Environmental benefits (91%) were highlighted as one of the main motivations for interest in carbon offsets, closely followed by carbon neutrality and marketing (89%)
  •     72% of participants nominated the US as the most desirable geographic region for purchasing offsets; this may reflect the desire for domestic projects as 56% of the respondents came from North America. Africa and South America were also rated as highly desirable locations for emission reduction projects
  •     Respondents prefer renewable energy projects above any other project type with solar scoring 92% and wind 86%

"It's highly encouraging to see this growth in interest from companies taking climate action, despite the doom-and-gloom outlook on the global economy this year," said Matthew Wheeland, Managing Editor of ClimateBiz. "Although there's still plenty of room for improvement, these survey results show that companies are keeping green issues high on their agendas."

Lisa Ashford, Global Head of Voluntary & New Markets at EcoSecurities, commented, "It is great to see from these survey results that the voluntary carbon market is continuing to gain credibility. What is also significant to note is that renewable energy is undoubtedly still the winner for buyers purchasing carbon offsets, a trend that has continued to gain momentum from the results of last year's survey."

The survey received 311 responses from a mix of global, multinational and regional companies, covering a diverse range of sectors and industries. It provides significant insight into companies' perceptions of carbon offset projects and the voluntary carbon market. Support for this research initiative was provided from a number of organisations, which include: 2Degrees, Borealis Offsets, Carbonoffsetsdaily.com, GreenBiz, The Karo Group and Westgate.

To download your free copy of the Carbon Management and Offsetting Survey results 2009, please visit http://www.ecosecurities.com/Standalone/Carbon_Management_and_Offsetting_Trends_Survey_Results_2009/default.aspx.

About EcoSecurities:

EcoSecurities has spent the last 12 years focusing on climate change mitigation activities and is now one of the world's leading organisations in the business of sourcing, developing and trading emission reductions. EcoSecurities' emission reduction portfolio covers a wide range of emission reduction standards (Gold Standard, CDM, VCS etc), technology types and geographical locations. In addition, EcoSecurities provides clients with carbon management services, helping them to understand and deal with an increasingly carbon constrained world.

EcoSecurities has been recognised for a number of industry milestones including:

  •     The first project developer to become a member of the World Business Council for Sustainable Development
  •     Development of the first CDM project registered under the Kyoto protocol, NovaGerar Landfill Project in Brazil in 2004
  •     Structuring of the CDM component of the first project to receive CERs in the world, La Esperanza hydro project in Honduras in 2005
  •     Received Environmental Finance' award for 'Best CDM/JI Project Developer 2008'for the second year in a row alongside the award for 'Best Voluntary Market Project Developer'
  •     In 2007 the Group was ranked number 22 in CNBC European Business Magazine's 'Top 100 Low Carbon Pioneers'
  •     Recognised by Environmental Data Services as one of the top 30 international carbon offset providers.

EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at http://www.EcoSecurities.com.

About Baker & McKenzie LLP

Baker & McKenzie LLP was the first law firm to recognise the importance of global efforts to address climate change and the importance of such legal developments to our clients. For more than ten years, the firm's dedicated team of over 60 lawyers have worked on numerous pioneering deals, including writing one of the first carbon contracts, setting up the first carbon fund, advising on the first structured derivative transaction and the first REDD project. In 2008 and 2009, legal directory Chambers Global ranked the practice as Tier 1 for climate change law.

About ClimateBiz:
ClimateBiz is the business resource for climate management. ClimateBiz informs CFOs, CIOs, supply-chain, operations and other executives on the key business issues in climate and carbon. The website and its free fortnightly newsletter ClimateBiz News offer news, best practices and resources in such areas as carbon measurement, reduction and trading; renewable energy; and carbon offsets.

ClimateBiz (http://www.climatebiz.com) is a website of Greener World Media, the leading media and information services company focused exclusively on the greening of mainstream business. Greener World Media websites include GreenBiz.com, GreenerBuildings.com, ClimateBiz, GreenerComputing.com, and GreenerDesign.com. Greener World Media also produces the annual State of Green Business report and other research, as well as Greener By Design and other conferences.

For further information:

Rachel Mountain
EcoSecurities
+44 (0)1865 202 635
rachel.mountain (at) ecosecurities (dot) com

or

Naomi Stern
Westgate
+44 (0)1732 779 087
naomi (at) westgatecomms (dot) com

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Rachel Mountain
EcoSecurities
+44 (0)1865 202 635
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