● zero44's software now offers their users a selection of preferred partners for the purchase of emission allowances (EUAs) as part of the EU Emissions Trading Scheme (EU ETS).
● The first partners of the program are ACT Group, AFS Group, Aither, Berenberg, Carlton Carbon, CFP Energy, Grey Epoch, and Targray.
● The purpose of the program is to provide companies with the best trading partners while giving them the greatest possible freedom of choice; they can also continue to work with traders who are not part of the program.
Berlin, 4 July 2024 - Emissions management company zero44 today announces the launch of its new trading partnership program. As part of this program, a number of renowned emission allowance traders will be integrated into zero44's EU ETS platform. Customers of zero44 will be able to easily procure the necessary EUAs through the program.
In 2023, zero44 launched its software solution for EU ETS that covers all the processes and responsibilities required by the legislation: From emissions measurement to the calculation of EU ETS costs and the execution and controlling of EU ETS clauses from charter and ship management contracts. zero44 is already cooperating with a large number of data collectors and data verification providers for its solution.
With the newly launched trading partnership program, zero44 is now also integrating a number of well-known trading partners into its software. The first providers to be part of the program include ACT Group, AFS Group, Aither, Berenberg,Carlton Carbon, CFP Energy, Grey Epoch, and Targray. More will follow soon.
As a result, it is now possible for zero44 customers to select their preferred partner for allowance trading directly via the zero44 software and purchase EUAs through them. By linking all relevant data sources within the platform, they can be sure of having an overview of all their fleet's EU ETS obligations at all times.
Free choice of preferred EUA traders
zero44's customers can choose which trading partner or number of trading partners they wish to work with: In addition to the traders who are part of the zero44 partnership program, companies can also bring in their own preferred traders. They therefore have complete freedom of choice and at the same time the certainty of being recommended renowned and trustworthy providers by zero44.
"We want to offer both with our trading partnership program: Guidance and freedom at the same time. If you want to, you can work with our trading partners - but it's not an obligation," explains Friederike Hesse, Co-founder and Managing Director of zero44. "This also sets us apart from other emissions management companies. We are convinced that we have now found the optimal solution for our customers."
Dario L. Pabst, Sales Manager at ACT Financial Solutions, said:“The last two years of supporting new EU ETS joiners in the maritime industry has shown us that an innovative carbon accounting solution, such as the one provided by zero44, is essential in handling their complex obligations in an efficient manner. We look forward to collaborate more closely with zero44 from now on!”
"We are excited to collaborate with zero44 and expand our reach in delivering seamless trading solutions," said Jef Geelen, Director at AFS Group. "This partnership underscores our dedication to providing clients with optimal participation in carbon markets."
Arne Christian Rahner, Head of Financial Markets at Berenberg, said: “We currently collaborate with over 450 shipping clients in international payment transactions, modern cash management, foreign exchange, and now EUA trading. Our goal is to streamline processes and procedures for our clients, making them simple, efficient and most comfortable.Clients can acquire EUAs through our established trading methods and store them in our depots. We are pleased to have partnered with zero44, who shares our dedication.”
Iain Stevenson, Business Development Manager at Carlton Carbon, explained:“This collaborationdemonstrates our commitment to helping shipping companies understand and engagewith emissions regulations. The list of environmental legislation impacting theindustry is ever-expanding, so it’s important that we keep our finger on thepulse with both our unrivaled carbon expertise, and the technology that can these changes as seamless as possible for our customers.”
Tim Atkinson,Director Carbon Sales & Structuring at CFP Energy, said: “Shipping companies covered by the EU ETS face a significant challenge to understand the EU carbon market, keep up to date with allowance prices and execute trades in an increasingly volatile market. As an award-winning carbon trading expert with over 15 years’ EU ETS experience, CFP Energy is uniquely placed to help shipowners and charterers develop an effective strategy to purchase allowances andreduce EU ETS compliance costs.”
Emilio Fontana, Head of Business Development at Grey Epoch, said: “As the world’s second-largest trader of ETS products, we look forward to leveraging 17 years of experience and provide our award-winning services to owners, managers, and operators.”
Jelle Jongbloed, Head of Environmental Commodities at Targray, said: "We are thrilled to partner with zero44 to expand our efforts in providing comprehensive decarbonization solutions to the maritime shipping sector. This collaboration aligns perfectly with our mission to support sustainable practices and help our clients navigate the complexities of the EU Emissions Trading System. By combining our expertise in environmental commodities with zero44's innovative technology, we aim to deliver seamless and efficient compliance solutions,ensuring our clients can effectively reduce their carbon footprint and meet regulatory requirements."
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About zero44
Founded in Berlin in 2022, zero44 helps shipping companies, ship managers and charterers to plan and optimize their CO2 emissions. In doing so, it offers answers to the growing legal requirements for shipping to reduce CO2 significantly and quickly. Having started in 2024, EU ETS is bringing massive new challenges and operational costs to the industry. With the help of the zero44 solution, shipping companies will receive a comprehensive and daily updated overview of their CO2 emissions,EU allowances and associated flows of money. In addition, users will be able to order EUA via the platform and transfer EUA to other parties. This makes zero44 a comprehensive digital solution that shipping stakeholders can use to quickly and effectively set themselves up for sustainability. For more information,visit www.zero44.eu.
About ACT
ACTFinancial Solutions is part of ACT Group, the leading global provider ofmarket-based sustainability solutions. Since its founding in 2009, ACT has become a reliable partner for high-impact climate projects that generate carbon credits, renewable electricity and gas markets, energy efficiency projects and certificates, renewable fuels, and emission allowances. We specialize in helping businesses navigate both voluntary and regulated environmental markets, designing tailor-made solutions to hedge market and compliance risks. When the European Union enacted new regulations to increase control over trading emissions allowances, ACT Group saw the perfect opportunity to develop a more complete offering: ACT Financial Solutions. As a MIFID-II licensed investment firm, we are authorised to provide a bespoke selection of investment services and activities that mitigate our clients risks. www.actcommodities.com
About AFS Group
AFS Group B.V. is a leading financial and environmental solutions provider that delivers a broad range of financial and renewable services to a large and diversified client base, including medium enterprises, corporations, financial institutions, investors, local and national government bodies, and individuals around the world. www.afsgroup.nl
About Berenberg
Berenberg is one of the leading international shipping banks. Among others, we offer access to FX, Rates, Fixed Income and Carbon Markets as well as hedging solutions. Additionally, we also provide a EUA deposit / warehousing solution tailormade for our shipping clients.
International shipping clients value our fast, flexible and reliable service asa focused and experienced provider for international payment transactions and modern cash management solutions. Broad project access and deep sector expertise form the basis for the structuring of senior ship financing. www.berenberg.de/en
About Carlton Carbon
CarltonCarbon is a market-leading carbon management partner, enabling organisations to make progress towards a future net zero economy, while ensuring they meet their regulatory emissions obligations. Carlton Carbon enables organisations to achieve their environmental and climate aspirations, providing expert knowledge in the compliant and voluntary carbon markets. We provide market-leading price analysis, risk management and procurement services for carbon allowance trading in the UK and EU Emissions Trading Systems (ETS). We develop flexible, tailored, innovative solutions for all our clients to help minimise carbon price risk while ensuring annual compliance requirements are met. Our team’s 20 years’ ETS experience has allowed us to develop long-term relationships to ensure our partners are successful in managing their carbon exposure. https://carltoncarbon.co.uk/
About CFP Energy
CFP Energy(formerly CF Partners) have been a pioneer in carbon markets for over 15 years, particularly the EU Emissions Trading Scheme (EU ETS) and more recently the UK ETS which started in 2021. As a leading carbon specialist, we operate one of the largest trading desks in the carbon compliance markets and have won a number of awards for our services. We specialise in working with ETS operatorsto help them keep up to date with the carbon markets, develop a compliance strategy and execute trades effectively. www.cfp.energy
About GreyEpoch
The GreyEpoch group is the world’s second-largest trader in the ETS market, trading over 1 billion EUA products annually. They have focussed exclusively on ETSmarkets for over 15 years. Although headquartered in Chicago, their London office serves as the primary point of contact for the maritime sector. GreyEpoch stands out with its commitment to strong communication, transparency, andsharp pricing. They provide access to off-the-shelf trading and risk management solutions, as well as bespoke structures tailored to specific needs. All solutions are supported by thorough explanations and a transparent fee structure.Grey Epoch has been recognised with the Energy Risk awards for Liquidity Provider of the Year for two consecutive years,specifically honouring their significant contributions to the maritime sector. Grey Epoch Europe’s activities are authorised by the Financial Conduct Authority (FCA) in the UK. www.greyepoch.com
About Targray
Targray is a global provider of commodities and advanced materials for the renewable fuels, solar, battery, carbon trading, and sustainable cotton sectors. Supported by a vast rail fleet and terminal network, the company is an international leader in the sourcing,transportation, storage, trading, and supply of biofuels and feedstock. Its innovative solutions help energy suppliers meet the growing demand for low-carbon transportation fuels. Targray’s Environmental Commodities business offers leading expertise in environmental products & services including renewable energy certificates, carbon credits, and offsets for voluntary and compliance carbon markets around the world. The desk’s environmental programs and comprehensive decarbonization packages, which include the supply of both marine biofuels and EU Allowances in the EU ETS for the shipping sector, are designed to ensure efficient and cost-effective compliance with the EU Emissions Trading System. Since being established in Montreal in 1987, the company has worked withpartners in over 50 countries to create sustainable value across the supply chain. The company is committed to delivering solutions that help reduce the world's carbon footprint while enabling customers to create safer, more reliable products for consumers. www.targray.com
