SINGAPORE, July 23,
2024 /PRNewswire/ -- 3Degrees, a leading global
climate solutions provider and certified B Corp, has announced the
opening of a new office in Singapore, as well as the hiring of an
in-region team of origination, business development, and renewable
energy procurement experts. The company has been doing business in
APAC for over a decade, and is now deepening its investment to
scale its regional portfolio of energy attribute certificates
(EACs) and provide enhanced market access and support for
customers' global strategy, carbon, and renewable energy
procurement needs.
"Our multinational clients' product and support needs in APAC
continue to grow as they accelerate their commitments to reducing
their scope 2 and 3 emissions, particularly in their supply chain,
in pursuit of achieving their near-term climate targets," said
Scott Martin, Vice President, Global
Commercial Business at 3Degrees. "Many of these companies have
significant supply chains in the region, and 3Degrees' expanded
local presence and deeper regional relationships will enable us to
better facilitate this support for our global customer base."
Sourcing renewable energy across the APAC region can be
challenging for customers due to disparate regulatory schemes,
uncertainty regarding standards compliance, low-transparency
certificate systems, limited access to projects, and unfamiliar
contract structures. With a Singapore-based team, 3Degrees will provide
immediate in-region access to high quality, standards-compliant
EACs and power purchase agreements (PPAs) to help address buyers'
scope 2 and scope 3 decarbonization goals. To make further progress
on scope 3 goals, buyers can couple this in-market access with
3Degrees' recently launched Supplier REach platform, an online
portal that enables large companies to activate their suppliers'
renewable energy journeys and seamlessly source renewable energy in
this challenging market.
"By ensuring a wide availability of APAC-based EACs and
renewable energy offtake agreements, 3Degrees is going to be in an
even stronger position to help our corporate customers accelerate
progress toward their climate goals," continued Martin.
"Simultaneously, we will also be strengthening the market for new
renewable energy projects through increased financial support,
product diversity, efficient transacting, and ongoing policy
support and thought leadership."
About 3Degrees
3Degrees is a leading global climate
solutions provider with offices across North America, Europe, and Asia. We offer impactful climate solutions
that help our clients achieve their climate goals and advance an
equitable transition to the low-carbon future. Learn more
at 3Degrees.com or follow us on LinkedIn.
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SOURCE 3Degrees