Element Markets, LLC has eclipsed 5,000,000 tonnes of voluntary carbon offsets delivered with a Fortune 100 company to mitigate its carbon footprint.
Element Markets completed the deal to the undisclosed company on March 1. Terms of the deal were not disclosed. The volume of offsets purchased by the company is a significant amount and shows how companies are working to ‘green up’ their business footprints.
“This relationship illustrates that companies are looking more and more at their own carbon footprints and how they might be better stewards to the environment,” Angela Schwarz, President & CEO said. “We are honored to be involved and help this large company mitigate its impact.”
For perspective, the 5m offsets purchased by the undisclosed company is more than a third of the carbon offsets surrendered by California entities in the state’s carbon program. The deal with the company, however, was entirely voluntary. Element Markets continues to deliver credits to the private entity.
In the past few years, numerous companies, including Disney, Apple and General Motors, have worked to mitigate the carbon emissions emitted from their business practices. As a result, those companies have increasingly turned to companies like Element Markets to offset those emissions.
About Element Markets, LLC
Element Markets is a leading renewable natural gas marketing and environmental commodities company that applies its diverse expertise to provide structured environmental compliance and optimization services to prominent corporate and institutional clients. The company has a long history within the emissions, carbon, renewable energy credit, biogas and renewable fuel credit markets. The company has twice been named as the “Emissions House of the Year” by Energy Risk Magazine. Element Markets is headquartered in Houston, Texas and more information about the company is available at www.elementmarkets.com.