Carbon credits represent a new fee-based revenue stream for banks. Triangle’s platform links sourced data from the bank’s customers to partner D-MRV (Digital Measurement, Reporting & Verification) methodologies to verify and evaluate impact. and certify compliance for the issuance of carbon credits.
Driven by TCFD Compliance, Sustainability-linked Bond Market, Fines (EPA, LL97) and new Regulations (ie. CBAM) carbon credits are in the process of evolving from a cottage industry to an institutional market that requires regulated tools for provide confidence and transparency.
Once the Measurement and Verification process is certified by a D-MRV partner, Triangle creates fungible carbon credit for the bank’s customers in our Asset Factory. Once minted and the newly minted carbon credits are added to our Sustainability-linked Asset Registry for future audit and verification.
Triangle provides tools to banks to manage asset performance in their loan book, and mint carbon credits across portfolios providing speed, efficiency and transaction-based compensation.
With assets from the field, customer can mint carbon credits and RECs, and hold these in custody at the bank and can be sold in the market or held for price appreciation.
Carbon credits become an important tool to achieve TCFD Compliance and realize the cost of borrowing benefits from the sustainability-linked bond market. Banks, and their customers, can use carbon credits to increase profitability and improve risk management.
