Nasdaq has decided to offset emissions generated by its operations with the help of Ekovilla, a member of the Finnish EcoUp Group, by purchasing Ekovilla-based CO2 Removal Certificates (CORC’S) through Puro.earth Marketplace. The proceeds of the transaction will be directed to increasing the production capacity of Ekovilla’s slab wool production plant in Kuusankoski, in Finland.
Ekovilla cellulose fibre insulation sequesters 1,102 ton CO2 eq more than the production emits, thus rendering it’s carbon footprint negative. After the CORC is issued, the product can be sold as carbon neutral to avoid double counting. Production is verified by DNV-GL according to Puro CO2 Removal Marketplace requirements.
Read more: Puro.earth