Envex Technologies

Many businesses are measuring, monitoring and reporting their carbon footprint. Regardless of how progressed they are on this journey at present, their true motivation is to take climate action. They recognise that carbon accounting and reporting activity is not an end in itself. They also recognise that whilst client engagement can help mitigate a fair percentage of their (Scope 3) emissions, technological or financial constraints may make it impossible to abate emission entirely.

What Conil does is it empowers customers to take positive climate action frictionlessly.  By registering on the platform, customers, in addition to their emission reduction activity and client engagement strategies, can also now purchase carbon offsetting credits. These are credits listed on a major carbon exchange and hence come pre-vetted. This allows businesses to actively contribute to negative CO₂ emissions, e.g. through CO₂ removal from the atmosphere. Such removal can be achieved through a range of projects – the planning of trees, direct capture from a source of emission or the atmosphere and so on.

What’s special about Conil is that the credits offer access to carbon projects sourced from around the globe. The carbon credits listed on the portal have been pre-sourced, they have been rated by carbon rating agencies and typically also meet one or more of the industry’s certification standards, e.g. the Gold standard, Verified Carbon Standard (VERRA), etc. So the listed projects and the associated emission reduction claims are real, permanent and verifiable.

Carbon credits purchased by Conil’s businesses are retired instantly. By choice, the platform does not allow buy-and-hold or resell strategies. By further ensuring all credits on Conil are tokenised (i.e., backed by distributed ledger technology), Conil generates a full audit trail that the carbon credits have been retired. This should give clients and their customers the peace of mind that there is no double-counting of potential offsets.

Several businesses want to engage with carbon reduction or removals but have found it challenging to engage with voluntary carbon markets. The commitment and due diligence involved when buying directly from project developers who sell carbon credits can be overwhelming.  What’s special about Conil’s offering is that it removes several of these pain points. Businesses small or large, who may not have the capacity to engage in an extensive search, price negotiation or due diligence process can instead just choose quantities of carbon offsetting credits that suit their sustainability strategy, their risk appetite and their budget and instantly retire purchased carbon credits. Conil is the go-to portal for climate active businesses – it offers frictionless offsetting with a click.