Zurich, Switzerland, 9 December, 2016 - South Pole Group has been voted number 1 in four categories in Environmental Finance's 17th Annual Market Rankings, the largest and most established industry rankings within the carbon, renewable energy, weather risk, and catastrophe risk markets. The Group took home the titles of Best Trading Company - secondary market and Best Project Developer in carbon markets, as well as Best Trading Company and Best Advisory in renewable energy certificates.
The prestigious Market Ranking awards recognises the Group's innovative approach and longstanding expertise in sustainability project development and advisory.
"We are proud to receive such an invaluable confirmation of our work from clients, partners and industry peers. It's the first time we are running for the Market Rankings Award and this is a great honour," says Renat Heuberger, CEO, South Pole Group. "Organisations of all sizes are starting to demonstrate a genuine commitment towards climate change mitigation and renewable energy, to their customers, employees, investors, and other stakeholders – we are glad to see that we stand out as their preferred choice of reliable provider."
As decision-makers and businesses work towards limiting global warming to the 2°C pathway called for in the Paris Climate Agreement, the adoption of market-based approaches that enhance international cooperation, such as carbon markets, are increasingly seen as one of the most efficient ways to tackle environmental challenges. While South Pole Group has today grown into one of the world's leading sustainability solutions providers, it also builds on a decade's worth of experience and investments in offering high-quality carbon credit solutions. Voters, restricted to clients and market participants, awarded the Zurich-based company the titles of Best Trading Company, Best Trading Company - secondary market and Best Project Developer in carbon markets (JI and CDM).
"The carbon credit market has become highly competitive, and customers seeking a suitable partner who is able to deliver innovative projects with shared value for both the environment and local stakeholders are turning to us," says Marco Hirsbrunner, Director Projects, South Pole Group. "We strive to establish lasting relationships and deliver real added value to our partners and customers"
As global climate commitments are translated into national goals outlining the percentage of power that must come from renewable sources, the renewable energy market is set to grow. This growth will be further bolstered by private sector initiatives: "The market volume is growing steadily, and the success of initiatives like the RE100 show that apart from the traditional household demand for green energy in Europe, we now have large corporate end-consumers prescribing themselves to renewable energy consumption goals on a never before seen scale", says Marie Christine Bluett, Head of Renewables Portfolio Management, South Pole Group.
During the past years, the Group has expanded its scope of climate solutions to also include premium advisory services and tailored high-quality renewable energy solutions that include GoldPower, International RECs (I-RECs), US RECs and Guarantees of Origin. Substantiating this expertise, the Group was also awarded the title of Best Advisory within Renewable Energy Certificates Europe.
With more than 500 projects in its portfolio, the Group provides diverse offsetting services beyond the mere provision of carbon credits. South Pole Group's approach, emphasising collaboration and stakeholder engagement, ensures that projects also generate impacts in the environmental, social and economic domains. This means that on top of fulfilling the basic criteria for premium emissions reduction projects, the Group is able to quantify the triggered impacts of projects that directly support the Sustainable Development Goals (SDGs).