SK & Shinhan Invest In Global Carbon Market Player Ecosecurities

SK & Shinhan Invest In Global Carbon Market Player Ecosecurities - Carbon Herald

A consortium led by Korean corporations SK Group and Shinhan Group has announced it will be partnering with ecosecurities Holdings SA.

ecosecurities specializes in developing and financing carbon projects with the highest level of integrity and quality, and has over twenty years of experience in the field, making it among the more mature players on the carbon market. 

The company delivers a variety of energy and technology projects, alongside nature-based solutions and community programs dedicated to driving meaningful climate action.

Meanwhile, the consortium spearheaded by SK and Shinhan is freshly formed and represents an alliance of companies and business groups dedicated to expanding the voluntary carbon market (VCM). 

The alliance is formed by major players in the Korean energy sector, such as Korea Hydro & Nuclear Power, Korea South-East Power Co., as well as other organizations, including the Carbon Reduction Certification Center of the Korea Chamber of Commerce and Industry, PwC Consulting, and others. 

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The investment in ecosecurities marks the largest investment in the international carbon market made by SK and Shinhan to date and represents an expansion of both companies both into nature-based carbon removal solutions, as well as technological solutions. 

With the help of this investment, ecosecurities will be able to secure its leadership position in the carbon removal space, while also helping it further develop its scope of decarbonization and advisory services.

Pablo Fernandez, CEO of ecosecurities, said in a statement: “We are thrilled to welcome our new  partners, SK and Shinhan. For over 25 years, ecosecurities has been at the forefront of driving high – impact, positive climate action. With this announcement today, it paves the way for us to continue  doing so by combining nature and community-based solutions with technology-based  decarbonization strategies.” 

Read more: Lotte And SK Group Sign New CO2 Capture MOU

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