TÜV SÜD Partners With MVGX to Launch Carbon Neutrality Rating System

Global solutions provider for independent sustainability assessment and certification TÜV SÜD, announced a strategic partnership with Singapore-based green fintech MVGX to establish a Carbon Neutrality Rating System.

Designed specifically for enterprises, the ranking system will allow businesses to comprehensively understand their risk and carbon neutrality operation levels in a complete, verifiable, and standardised manner.

The launch of this rating system is especially timely given that Singapore recently joined the Article 6 Implementation Partnership as a member country at COP27 to encourage international opportunities for collaboration in and advancing high-integrity carbon markets.

Similar to how countries are expected to contribute to the development of baseline frameworks and methodologies for carbon markets on both a domestic and international level, the creation of the Carbon Neutrality Rating System will play an important role in ensuring greater standardization and measurement at a smaller scale, specifically aimed at businesses and corporations.

For businesses, the data provided by the rating system is essential to keeping organizations accountable and informing them of where they are in their sustainability journeys, enabling them to effectively track, measure, and monitor the quality of their efforts.

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