- New business AQ Green TeC to assist corporates, their employees and customers to avoid, reduce and compensate for emissions
- AQ Green TeC uses proprietary technology to enable companies to focus on accurate measurement and reporting of greenhouse gas emissions
- Advisory Board includes Hans Joachim Schellnhuber, Director Emeritus of the Potsdam Institute for Climate Impact Research (PIK)
- Business is partner of Aquila Capital
Hamburg, 30th September 2021 – AQ Green TeC, a new carbon measurement, reduction and offsetting business, launches this month.
Based in Germany and planning to expand in Europe, the UK and globally, the company is partner of Aquila Capital, a sustainable investment management and asset development company, with around €13 billion in funds under management for institutional investors worldwide.
AQ Green TeC is being established to provide a trusted source for carbon measurement, reduction and, where appropriate, offsetting. It provides an accessible platform for companies, their employees and consumers to jointly engage in taking control of their CO2e emissions.
AQ Green TeC Advisory Board members include Professor Hans Joachim Schellnhuber, founder of the Potsdam Institute for Climate Impact Research (PIK).
David Grundlingh, who helped Formula E execute its carbon neutral strategy, has been appointed Chief Executive Officer of the new venture. “Our vision for AQ Green TeC is to bring credibility, accessibility and impact to the business challenge around carbon measurement, reduction and offsetting,” he said.
“The future of the planet is not just an isolated box-ticking exercise anymore. Governments see the enormity of the challenge and are mandating change, while consumers increasingly expect to see the brands they trust help them reduce and, in some cases, compensate for their emissions. We want to provide everyone with a chance to act, engendering a sense of shared ownership and responsibility.”
Roman Rosslenbroich, co-founder and CEO of Aquila Capital says: “Companies, their employees and customers must all work closely together to help drive the energy transition forward. In launching AQ Green TeC we are pioneering a business which will bring together the three vital elements of any emissions reduction strategy: measurement, reduction and offsetting. AQ Green TeC aims to help companies with their own transition to net-zero and with supporting the transition of their employees and customers. We want to enable people and organisations who, until now, have not had the capacity to fully participate in this enormous challenge.”
AQ Green TeC initially launches with a threefold offer: Measurement, Reduction and Offsetting.
Development of a carbon reduction strategy requires accurate and credible data collection and management systems to calculate, interpret and communicate carbon footprint information internally and externally.
AQ Green TeC helps organisations accurately measure and report their GHG emissions across the value chain as the foundation for a strategic CO2e reduction plan.
Its software measures Scope 1, 2 and 3 emissions accurately and credibly. With full visibility of a client’s emissions across their entire business ecosystem, reduction activities can be identified and tailored.
AQ Green TeC’s software is aligned to the Greenhouse Gas Protocol and can be used by all businesses, regardless of sector or size. It uses internationally recognised GHG conversion factors, such as those from DEFRA, GEMIS, EPA and IPCC, to ensure accuracy and credibility.
Following an accurate measurement of an organisation’s GHG emissions, AQ Green TeC is able to leverage the wider resources of the Energy Efficiency Team within Aquila Capital to identify specific energy efficiency opportunities for its clients. The company’s focus is on sustainable solutions that deliver immediate and economically-efficient CO2e reductions.
Where it is no longer possible to avoid or reduce emissions AQ Green TeC enables companies and consumers to meet carbon emission targets as part of their climate strategies by providing credible, certified offsetting solutions. Any carbon offsets traded will only be from certified projects under recognised schemes such as Verra and the Gold Standard.
Point of difference
Although sustainability is increasingly on the minds of business leaders and their consumers, action to date has been limited to either large companies with budgets for sustainability consultants or a number of very few, dedicated, consumers who are prepared to act. AQ Green TeC wants to change this by making sustainability tools accessible to everyone. The measurement software will offer a tiered approach, ensuring relevance and applicability to small businesses.
In addition, the company offers custom built website plug-ins, iframes and widgets, for integration with large scale service providers, which in turn can be offered to their business partner ecosystems. They aim to assist with making sustainable practices more accessible, including across the supply chain and to business customers.
For consumers, an App is in the final stages of Beta testing. The consumer App will enable employees and end-consumers to take greater control of their personal footprint.
Further information may be found on https://www.aquila-capital.de/en/press.
About AQ Green TeC:
AQ Green TeC is committed to delivering the highest standard of carbon management expertise for businesses and organisations. The new service has been built with the aim of accelerating business uptake of carbon measurement, reduction and offsetting (where appropriate) as part of the road to Net Zero.
AQ Green TeC launches with a number of software solutions geared to make carbon management accessible to all. It has partnered at launch with the Potsdam Institute for Climate Impact Research (PIK), whose Director Emeritus Professor Hans Joachim Schellnhuber sits on its Advisory Board.
Further information: https://www.aq-greentec.com/
Press contact AQ GreenTeC:
Phone: +44 7782 325923
About Aquila Capital:
Aquila Capital is an investment and asset development company focused on generating and managing essential assets on behalf of its clients. By investing in clean energy and sustainable infrastructure Aquila Capital contributes to the global energy transition and strengthens the world’s infrastructure backbone. The company initiates, develops and manages these essential assets along the entire value chain and lifetime.
Currently Aquila Capital manages around EUR 13 billion on behalf of institutional investors worldwide, across wind, solar and hydropower energy. Assets of more than 12 GW capacity and over 2 million square metres of sustainable real estate and green logistics projects have been completed or are under development. The company has around 600 employees from 48 nations, operating in 15 offices in 13 countries worldwide.
Further Information: https://www.aquila-capital.de/en/
Press contact Aquila Capital:
Eliza De Waard
Group Head Corporate Communications
Phone: +49 40 87 5050-101
Finsbury Glover Hering
Phone: +49 69 921 874 11