SEOUL-- ESG management consulting firm ‘ECONINE’ announced that it has achieved carbon neutrality for its 2022 carbon emissions by utilizing voluntary carbon credits.

ECONINE explained that the company identified direct and indirect emission sources (Scope 2, Scope 3) impacting greenhouse gas emissions, built an inventory and calculated the emissions, and then offset the corresponding amount by purchasing from the voluntary carbon market.

Although not subject to domestic greenhouse gas regulations, ECONINE took the lead in carbon neutrality by voluntarily offsetting emissions. This represents the first instance among domestic consulting firms to achieve carbon neutrality using voluntary carbon credits. To ensure reliability and quality, ECONINE selectively sourced high-quality credits certified by leading voluntary carbon offset certification organizations like Verra, Gold Standard, and UNFCCC. They also diversified their portfolio by choosing different offset projects for each source of emissions, emphasizing distinctiveness in their project selection.

Although not subject to domestic greenhouse gas regulations, ECONINE took the lead in carbon neutrality by voluntarily offsetting emissions. This represents the first instance among domestic consulting firms to achieve carbon neutrality using voluntary carbon credits. To ensure reliability and quality, ECONINE selectively sourced high-quality credits certified by leading voluntary carbon offset certification organizations such as Verra, Gold Standard, and UNFCCC. These organizations also diversified their portfolio by choosing different offset projects for each source of emissions, emphasizing distinctiveness in their project selection.

ECONINE selected credits that best align with their targeted UN Sustainable Development Goals (SDGs). UN SDGs chose credits generated from REDD+, blue carbon, improved cookstoves, and solar energy projects.

Seo Uk, CEO of ECONINE, said “By investing resources in calculating and offsetting greenhouse gas emissions, we have gained a deeper understanding of the challenges faced by companies seeking our advice. As a company practicing ESG management, we will continue our efforts in this area.”