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Dutch Green Business Group N.V. (“DGB”, “DutchGreen” or “the Group”) (Euronext: DGB), a leader in carbon offsetting and ecosystem restoration company, is excited to announce its Q1 update. The first quarter has seen a period of continued momentum as the Group pursues its strategic objective of becoming a world leading project developer of high quality large-scale carbon and biodiversity projects accredited by third-parties.
DGB is a project developer for nature-based projects to originate high-integrity carbon credits known as Verified Emission Reduction (“VERs”). VERs are also commonly known as voluntary emission reductions, carbon offsets or carbon credits. VERs are essentially a reduction in greenhouse gas emissions (“GHG”) from a project that is independently audited (i.e., verified) against a third-party certification standard. Each VER represents one metric tonne of carbon dioxide equivalent emissions.
The robust project pipeline of the Group now consists of over 13.6 million tons of carbon credits ready for offtake agreements, making it the largest project developer of carbon credits in The Netherlands.
¨I am thrilled to see the rapid growth of DGB and am proud of what our team achieved last quarter, but even more excited about our strong project pipeline and our ambitions for the future. Global mega trends drive the demand for carbon credits and underpin our growth opportunities. The completion of DGB’s first large carbon credit offtake agreement of approximately €1.1 million in Q1 demonstrates our ability to successfully close large transactions. We are perfectly positioned for substantial growth throughout the rest of the year.¨
- Selwyn Duijvestijn, Chief Executive of DGB
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DGB GROUP NV
+31 (0) 20 8080825 (NL)
+44 (0) 20 8064 0936 (EN)
Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB is a project developer of high quality large-scale carbon and biodiversity projects accredited by third-parties, focusing on nature conservation and making biodiversity flourish by helping governments and corporations achieve net zero through ecosystem restoration. DGB’s vision is to be a leading high-impact investor in sustainably managed nature-based solutions by providing competitive real investment returns for shareholders combined with high social impact. www.dgb.earth
This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB Group N.V. and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of the DGB Group, the results it achieved and the business (ies) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DGB Group management. Although the DGB Group believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions . These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB Group are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, the DGB Group assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
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