NativeEnergy Ranks #1 in Independent Report
Evaluating Offset Providers in the Voluntary Carbon Market
CSRWire, South Burlington, VT. - November 10, 2008 – Leading carbon offset provider, NativeEnergy, has been ranked #1 in a new white paper published by three independent, sustainability focused organizations: Bainbridge Graduate Institute, Carbon Concierge, and Social Venture Network. As the top scoring retail offset provider, receiving a 93% overall rating, NativeEnergy is the 'most recommended" of the 14 providers evaluated.
The group's comprehensive process for evaluating carbon offset providers resulted in the development of the Carbon Offset Provider Evaluation Matrix (COPEM), which includes eight essential criteria for evaluating carbon offset providers. The report, which is available online, offers guidance to help businesses, institutions, communities, and individuals choose the offset provider that best meets their needs for high quality carbon offsets.
"NativeEnergy is thrilled to not only be recognized as the highest-ranked offset provider, but also to see another independent examination of the industry is now available to help businesses and individuals make an informed decision," says Tom Boucher, President & CEO of NativeEnergy. "We applaud the hard work and thoroughness evident in this study, which is needed to ensure transparency and authenticity in our dynamic industry."
Carbon offset providers were evaluated based on their performance in the following areas: Business and Project Transparency, Offset Quality, Project Location and Offset Traceability, Industry Leadership, Business Model and Program Services Ratio, 3rd Party Evaluation, Education, and Social Benefit.
The carbon market continues to grow quickly, and the number of organizations developing competing standards for quality is increasing just as fast. With such a variety of standards and qualifications, understanding what determines a legitimate carbon offset can be confusing. This report focuses on critical issues that help purchasers ensure that their offset provider is legitimate and that their offsets purchase actually helps reduce global warming emissions that would not be reduced in the absence of the offsets market.
NativeEnergy is also recognized as a leader in the voluntary carbon market in the two most widely cited studies, Clean Air-Cool Planet's report, A Consumer's Guide to Retail Carbon Offset Providers (December 2006), in which NativeEnergy was one of only three U.S. companies in the top tier, and Tufts Climate Initiative's report, Voluntary Offsets for Air Travel Emissions: Evaluations and Recommendations of Voluntary Offset Companies (April 2007), in which NativeEnergy was the only U.S. company recommended "without reservation".
To download the report, please visit the Carbon Concierge website.