Number of locations
|Regional hubs in Europe, Americas, Asia and Middle East|
|Products||Certified Emission Reductions|
EcoSecurities was created in January 1997, 12 months before the Kyoto conference. After a period of organic growth, the company floated on the Alternative Investment Market of the London Stock Exchange in December 2005, allowing it to grow its geographic presence by placing over 300 staff in 30 countries. Its portfolio grew to over 150 million CERs - the largest in the world at the time. In June 2007, the company raised an additional €100 million to expand into new markets, with Credit Suisse becoming a major investor. It trades in the international carbon market which was valued at €38 billion in the first six months of 2008.
At the end of 2009 the firm was acquired by JP Morgan and is now an indirect wholly owned subsidiarly of JPMorgan Chase and Co. and can provide its clients with access to the scope of services provided by the bank's Environmental Markets business in addition to those activities of sourcing and developing greenhouse gas abatement projects outlined above. Following on from acquisition of EcoSecurities the company appointed Paul Mark Kelly as Chief Executive Officer of the company in December 2009, when the company subsequently delisted from the Alternative Investment Market of the London Stock Exchange.
The compliance carbon market
EcoSecurities operates in both the compliance and voluntary carbon markets. In the compliance market, EcoSecurities implements projects in the developing world under the Kyoto Protocol's Clean Development Mechanism to generate Certified Emission Reductions which are used by governments and organisations under the Kyoto Protocol and European Union Emissions Trading Scheme.
Clean Development Mechanism projects that EcoSecurities has helped develop include:
- Novagerar landfill in Brazil, the first project registered with the CDM worldwide
- small scale hydroelectricity at Cuyamapa, Honduras, the first to be issued with carbon credits by the CDM Executive Board
- biomass to electricity for Celulose Irani Brazil
- landfill gas to electricity at Aguascalientes, Mexico
The voluntary carbon market
In the voluntary market EcoSecurities develops carbon projects to sell on different markets, including the Voluntary Carbon Standard, the California Climate Action Registry standard and The Gold Standard's Voluntary Emission Reduction standard. These are sold to organisations that have no regulatory obligation to offset their carbon emissions, but wish to do so on a voluntary basis, often as part of a carbon neutrality or corporate social responsibility programme.
- Climate Neutral Network, UNEP, August 2008
- Market meltdown. Carbon Trading is just warning up, The Independent on Sunday, 27 July 2008
- Ecosecurities Profile
- INTERVIEW SERIES: Bruce Usher - CEO, EcoSecurities, 13 August 2008
- , JP Morgan
- , Reuters, December 2009,
- Case Study, World Business Council for Sustainable Development 5 May 2008
- Clean Development Mechanism Monitoring Report, UNFCCC 17 December 2007
- Ecosecuties website Carbon offsetting
- Netjets offsetting
- Mydairyman.com 6 May 2008
Clients include Yahoo!, Fortune Conferences and NetJets Europe. Climate Neutral Network. 2008. “EcoSecurities,” United Nations Environment Programme, http://www.climateneutral.unep.org/cnn_contentdetail.aspx?m=336&amid=1870.