XELS is dedicated to promoting climate change by launching several initiatives, including renewable energy certificates, carbon credit projects, and educational empowerment movements.
By applying best practice from the public and private sectors worldwide, and harnessing innovative technology and economic thinking, the foundation aims to deliver realistic and reliable solutions that enable businesses and communities to meet their infrastructure, social and economic challenges.
Why choose to offset your carbon footprint?
Globally, people increasingly buy from and want to work for purpose-led companies that share their values and beliefs.
Companies taking climate action find it delivers value in various ways:
- Winning new customers and increasing brand loyalty among existing ones by enhancing brand and product differentiation
- Increasing brand awareness and positioning products in key markets
- Attracting and retaining employees
- Building resilience in supply chains
- Building a reputation for leadership on climate and sustainable development
Bringing our partners green solutions
We have designed and managed actions that bring public and private stakeholders to exchange know-how and collaborative design actions on sustainability and climate change. We are empowering our partners to make a difference for our planet by assessing their practices and helping them to identify sustainable solutions, which can include renewable power, energy management systems, energy efficiency improvements, and carbon assessments and mitigation. These solutions support our partners to grow as sustainability leaders and achieving a lasting impact on the environment.
XELS develops and manages standards and frameworks to vet environmental and sustainable development efforts, build their capacity and connect them to funding. By ensuring that our rules are robust, practical and transparent, we can accurately quantify benefits and drive investment in responsible, high-performing projects and programs.
Individuals and corporations around the world are recognizing the importance of reducing their GHG emissions. As a result, many of them are reducing their carbon footprints through energy efficiency and other measures. Quite often, however, it is too expensive for these entities to meet their targets or eliminate their carbon footprint with internal reductions, and they need a mechanism to achieve these aspirational goals.
Of course, it is critical to ensure or verify, that the emission reductions generated by these projects are occurring. This is the work of the XELS Foundation – to ensure the credibility of emission reduction projects. We review each and every wind farm, solar system, hydro facility and carbon offset project that we buy from. Specifically, we look for projects that represent no significant adverse environmental effects (e.g., wildlife displacement or mortality) or social impacts (e.g., disruption of traditional land uses or community protests)
Once projects have been certified against the XELS Foundation rigorous set of rules and requirements, XELS Foundation will be purchasing carbon credits and RECs and be distributing them to investors in proportion to the amount of XELS converted.
By tokenizing carbon credits into fungible assets that have liquidity on an enterprise-grade platform, XELS will bridge multiple liquidity pools: corporate traders & end-users, traditional commodities trading markets, and market makers, as well as the cryptocurrency community.
We will work closely with civil society, governments, and the private sector to develop innovative frameworks and enable results on the ground. We continue to bring our expertise in standard development and program management from our flagship blockchain based voluntary carbon and REC market program into new fields, to increase the scope and scale of our impact.
All of our programs undergo extensive consultation and expert review and draw from four key components: standard, independent assessment, accounting methodologies, and registry.