TIDMITRK
Intertek Group PLC
26 April 2021
Intertek CarbonZero certification awarded to Lundin Energy
World's first independently verified carbon neutral trade in the Oil
and Gas industry
26 April 2021
-- Industry leading Intertek CarbonZero certification programme
delivers independent and traceable carbon neutral certification for
products and services
-- Products and services achieving Intertek CarbonZero
certification demonstrate traceable, tangible and auditable
progress on the path to carbon neutrality
-- Intertek CarbonZero awards world's first certification for
carbon neutral crude oil trade to Lundin Energy
Intertek Group plc ("Intertek"), a Total Quality Assurance
provider to industries worldwide, today announces the launch of
Intertek CarbonZero(TM) , an independent and traceable carbon
neutral certification programme for products and services.
The new Intertek CarbonZero programme complements the previously
launched Intertek CarbonClear programme, an independent carbon
emissions intensity certification verifying actual emissions
incurred per unit produced, and standardized by industry. Intertek
CarbonZero certifies the achievement of carbon neutrality by
combining emissions intensity certifications such as CarbonClear,
together with certification of traceable high-quality carbon
capture or reduction investments. Intertek CarbonZero certification
enables companies worldwide to confidently market qualifying carbon
neutral products and services as Intertek CarbonZero Verified,
demonstrating tangible and auditable progress on the path to carbon
neutrality.
Intertek awarded the first CarbonClear certification in 2020 to
Lundin Energy, one of the world's leading independent oil and gas
exploration companies, for its Edvard Grieg field in the Norwegian
North Sea. Today, Intertek announces award of the first Intertek
CarbonZero certification to Lundin Energy, for the verified carbon
neutral sale of 600,000 barrels of Edvard Grieg production. This
sale will carry the Intertek CarbonZero Verified mark and details
of this and all traceable certifications are publicly listed for
investors, traders, regulators, and other stakeholders on
Intertek's Global Sustainability Directory .
Nick Walker, President and Chief Executive Officer of Lundin
Energy, said "We were the first energy company to have one of its
field's carbon emissions independently certified as low carbon, and
the Intertek CarbonZero certification is the next stage on our
journey to carbon neutrality from 2025 from operational emissions.
By certifying the carbon neutrality of this trade, Intertek
CarbonZero will enable us to reach the next stage in
differentiating our leading decarbonisation strategy and building a
market for low and net zero carbon produced oil and gas. We look
forward to continuing our partnership with Intertek, as we drive
towards all oil and gas produced by Lundin Energy being carbon
neutral from 2025."
André Lacroix, Chief Executive Officer of Intertek, said:
"Sustainability is the movement of our time, and Intertek continues
to be a trusted partner to companies around the world as they
navigate the path to net zero. Intertek CarbonZero addresses a
critical need for all stakeholders, ensuring the certainty and
credibility of a company's journey toward carbon neutrality by
delivering independent verification and traceable certification of
carbon neutral products and services. Intertek is uniquely
positioned, through Intertek CarbonClear and Intertek CarbonZero,
to help companies Build Back Ever Better and achieve the next level
of commitment, performance, and transparency in their
sustainability practices."
Sustainability-conscious companies are investing in
technologies, processes, and applications to drive structural and
market-leading reductions in carbon emissions across their value
chain. Continuing the drive towards innovative solutions following
the launch of Intertek CarbonClear in 2020, Intertek CarbonZero
allows companies to demonstrate their end-to-end commitment to
carbon neutrality.
To learn more, or to participate in Intertek's CarbonZero or
CarbonClear programmes, please visit intertek.com/carbonzero
intertek.com/carbonclear
-ENDS-
Contacts:
For further information please contact:
Denis Moreau , Investor Relations
Telephone: +44 (0) 20 7396 3400 investor@intertek.com
Malissa Boudreaux , Sr VP, Intertek Total Energy
Telephone: +1 (346) 306-7342 malissa.boudreaux@intertek.com
Sabrina Cescolini , Director- Climate Change &
Sustainability Services
Telephone: +1 (905) 286-4129 sabrina.cescolini@intertek.com
Jonathon Brill/James Styles , FTI Consulting
Telephone: +44 (0) 20 3727 1000 scintertek@fticonsulting.com
About Intertek
Total Quality. Assured.
I ntertek is a leading Total Quality Assurance provider to
industries worldwide. Our network of more than 1,000 laboratories
and offices in more than 100 countries, delivers innovative and
bespoke Assurance, Testing, Inspection and Certification solutions
for our customers' operations and supply chains.
Intertek is a purpose-led company, Bringing Quality, Safety and
Sustainability to Life. We provide 24/7 mission-critical quality
assurance solutions to our clients to ensure that they can operate
with well-functioning supply chains in each of their
operations.
Our Customer Promise: Intertek Total Quality Assurance
expertise, delivered consistently, with precision, pace, and
passion, enabling our customers to power ahead safely. (LSE:
ITRK)
intertek.com
About Intertek CarbonZero
Intertek CarbonZero is an independent and traceable carbon
neutral certification programme for products and services. Intertek
CarbonZero certifies the achievement of carbon neutrality by
combining emissions intensity certifications such as CarbonClear,
together with certification of traceable high-quality carbon
capture or reduction investments. Intertek CarbonZero certification
enables companies worldwide to confidently market qualifying carbon
neutral products and services as Intertek CarbonZero Verified,
demonstrating tangible and auditable progress on the path to net
zero carbon emissions. Carbon Transparency. Assured.
intertek.com/carbonzero
About Intertek CarbonClear
Intertek CarbonClear is an independent carbon emissions
intensity certification programme verifying actual emissions
incurred per unit produced, and standardized by industry and
lifecycle stage. Building on its position as the industry-leading
provider of Total Sustainability Assurance solutions, Intertek's
CarbonClear Certification programme provides a unique platform to
consistently evaluate emissions across all supply chain stages,
validate and disclose the carbon impact or intensity per project or
across a company's portfolio, and identify key areas for emissions
improvement versus peers and other industries, accelerating the
transition to a lower-carbon economy. The world's first independent
and standardized carbon intensity certification programme for the
energy industry and beyond. Carbon Transparency. Assured.
intertek.com/carbonclear
About Intertek Sustainability Solutions
For more than 100 years, sustainability services have been core
to Intertek's global business, giving it a unique perspective and
advantage in this space. Today, organizations are responding to the
challenges of climate change by rapidly improving their
sustainability performance. The energy sector is a key part of this
movement, working to supply the world with lower-carbon solutions
whilst building resilience into the value chain to secure
sustainable energy for future generations.
Global Sustainability Directory
intertek.com/sustainability
About Lundin Energy
Lundin Energy is an experienced Nordic oil and gas company that
explores for, develops and produces resources economically,
efficiently and responsibly. We focus on value creation for our
shareholders and wider stakeholders through three strategic
pillars: Resilience, Sustainability and Growth. Our high quality,
low cost assets mean we are resilient to oil price volatility, and
our organic growth strategy, combined with our sustainable approach
and commitment to decarbonisation, firmly establishes our
leadership role in a lower carbon energy future. (Nasdaq Stockholm:
LUNE). For more information, please visit us at
www.lundin-energy.com or download our App
www.myirapp.com/lundin.
-ENDS-
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END
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April 26, 2021 02:00 ET (06:00 GMT)
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