DGB GROUP N.V. (Euronext: DGB, “DGB”) announced today that it is partnering with Quadriz B.V. (“Quadriz”), the trading and carbon project arm of forestry and agro-research group Investancia for Reducing Emissions from Deforestation and forest Degradation (“REDD+”) project development in the Chaco region in Paraguay.
As announced on 11 January 2021, DGB is working together with Quadriz to source large-scale native forestland plots in excess of 50.000 hectares as potential land acquisition targets for DGB. DGB and Quadriz have now agreed to partner on forest carbon offset projects to reduce emissions from avoiding planned deforestation and to protect critical primary forest financed through the generation of high-integrity carbon credits known as Verified Carbon Units (“VCUs”).
Parties intend that DGB will acquire one or more native forestland plots that are under immediate threat of deforestation, on which Quadriz will then develop, implement and manage REDD+ projects to generate and certify VCUs from forest conservation and restoration projects in the Chaco region in Paraguay.
The Gran Chaco is the second largest forest area of South America and currently ranks as one of the world’s deforestation hotspots due to the region’s rapidly expanding cattle ranching industry. The Gran Chaco functions as one of the world’s major carbon sinks and is home to an estimated 3,000+ plant species and 650+ bird- and mammal species. Further, there are an estimated 30+ species in the Gran Chaco on the International Union for the Conservation of Nature (IUCN) Red List.
Quadriz has a solid track record in designing forest carbon offset projects under the two leading carbon standards, known as the Verified Carbon Standard (VCS) and the Climate, Community and Biodiversity Standard (CCBS) with Gold Distinction. The Quadriz team has a wealth of experience and consists of skilled Carbon market traders and VCS-CCBS Forest Carbon Experts, as well as local Agro Engineers and other Forestry professionals.
“We are excited to act as the local partner for DGB to source native forest land that is in immediate danger of deforestation and to preserve these areas applying high quality, nationally embedded REDD+ certification. DGB will have the opportunity to acquire forest land in direct competition with large cattle farm operations that would legally and immediately deforest 50% of the land. Our combined actions would enable to preserve large native forest areas and are good economic alternatives to deforestation,”
- Marcel van Heesewijk, CEO and Founder of Quadriz.
Quadriz will be responsible for the certification of the VCUs in respect of land, project implementation on the ground including building a relationship with nonprofits or other organizations which educate and potentially employ others in the area to reduce deforestation and its pressures, implements biodiversity monitoring plans, and implements outreach to communities.
“We are proud to announce our ambition to undertake large carbon offset projects with a leading forest carbon developer. The proposed projects will protect endangered species from extinction and mitigate the release of carbon dioxide emissions over the project lifetime. The projects provide the opportunity to give back life to the world's forests and provide a visible, high impact on our natural surroundings, while creating real value for our shareholders.”
- Selwyn Duijvestijn, CEO of DGB Group.
DGB GROUP NV
+31(0)20 8080825 (NL)
+44(0)20 8064 0936 (EN)
Quadriz is the trading and carbon offset project arm of forestry- and agro-research company Investancia Group, with HQ in the Netherlands and local forestry operations in Paraguay. Quadriz develops Nature-based solutions (NBS) through high-impact verified carbon offsetting projects, such as REDD+ forest conservation. From its local base in Alto Paraguay, Quadriz monitors and conserves local forests, and the company already conserves 32,000 ha of primary forest under REDD+. The Quadriz team has a combined experience of over 15 years in carbon project development, implementation and forest carbon monitoring under the Verified Carbon Standard. To learn more, visit: www.quadriz.com and www.investancia.com.
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.
This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. 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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