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JULY 20, 2023
NEW YORK, LONDON, SYDNEY — Xpansiv, the leading market infrastructure provider for the global energy transition, today announced that the Ecosystem Restoration Standard (ERS), a new standard on the Voluntary Carbon Markets, will operate using Xpansiv’s SaaS-based registry infrastructure.
Ecosystem Restoration Standard (ERS) provides next-generation certification standards and technology to certify high-quality restoration projects. They use leading-edge technology to constantly assess and monitor projects across four key pillars: ecosystem recovery, carbon, biodiversity, and livelihoods.
“In Xpansiv we have found the right infrastructure provider to launch our purpose-built standard,” said Thibault Sorret, Co-Founder and CEO of ERS.
ERS is designed as a standard to break down barriers and make certification accessible to a wide range of ecosystem restoration projects. Xpansiv’s renowned expertise and market leadership make them the ideal partner for us to advance our mission.
Xpansiv Registry Solutions operates the registry infrastructure upon which more than 80% of carbon credits are issued and managed globally. It serves a diverse set of clients around the world, including standards bodies, regulators, government entities, and NGOs.
“Our mission is to operate critical, end-to-end infrastructure in support of global environmental markets that are vital to achieving a rapidly scaling energy transition,” said Brian Fellon, SVP, Xpansiv. “We are encouraged to collaborate with partners like ERS, who seek to empower local communities across the environmental markets.
About Ecosystem Restoration Standard
The Ecosystem Restoration Standard is a certification for nature-based restoration projects on the Voluntary Carbon Markets. It is designed to empower restoration efforts that combat climate change, uplift biodiversity, and improve livelihoods.
By integrating next-generation dMRV (Digital Monitoring, Reporting & Verification) into the Standard, ERS is able to continuously track progress across multiple baselines, providing greater traceability and transparency for project developers and buyers.
For more information, please visit ers.org.
About Xpansiv
Xpansiv operates the market infrastructure to rapidly scale the world’s energy transition. The company runs the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates. It is the premier provider of registry infrastructure for energy, power, and environmental markets. It also operates the largest independent platform for managing and selling solar renewable energy credits in North America.
Xpansiv is a leading provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets through its Carbon Financial Services and Evolution Markets units. It also runs the leading multi-registry, multi-asset environmental portfolio management system and market data service.
Xpansiv’s rules-based markets and infrastructure enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance.
For more information, please visit Xpansiv.com.
Contact
Peter Burton, Xpansiv, pburton@xpansiv.com
Taylor Fenske, Charlie Morrow, Cognito Media for Xpansiv, xpansiv@cognitomedia.com
Thibault Sorret, ERS, t.sorret@ers.org
Beyza Sahan, ERS, b.sahan@ers.org
