Inks an agreement with EKOenergy, the international renewable energy ecolabel
UAE-based smart and green facilities management (FM) company and leading provider of carbon offset solutions Farnek has been officially registered under the Evident Registry as an approved provider of I-RECs (International Renewable Energy Certificates), which represent renewable electricity attributes.
In a separate but complementary milestone, Farnek has also signed an agreement with EKOenergy, the international renewable energy ecolabel. The EKOenergy label is applied to eligible I-RECs that meet additional environmental and sustainability criteria and is required for LEED Zero certification, providing organisations with a high-integrity pathway to demonstrate credible renewable electricity sourcing and compliance with advanced green building standards.
Certification
I-RECs are market-based instruments that certify the generation of one megawatt-hour (MWh) of electricity from renewable energy sources. They function as a tracking system that allows companies and individuals to credibly verify their renewable energy usage and support the development of sustainable energy, both in the UAE and internationally.
“Being an approved provider of I-REC supports corporate decarbonisation pathways which are aligned with the UAE Net Zero 2050 Strategy and provide a credible, internationally recognised mechanism for reducing Scope 2 emissions,” stated Muna Al Nahdi, Director, Sustainability & Consultancy, Farnek.
In addition, Emirates Carbon enables organisations to source renewable electricity attributes at any scale, from small annual requirements to large portfolios consuming thousands of megawatt-hours, a press statement concluded.
