© Vertree Partners Limited, all rights reserved 1

Vertree aims to accelerate investment in carbon markets by

providing structured solutions to connect world class
project developers with leading companies who want to
invest in nature to reach net zero.

© Vertree Partners Limited, all rights reserved 2

What We Do

Project Advisory &

Risk Management Sales & Marketing
Development Education
We build long-term partnerships with
leading corporates by:
Vertree’s commodity trading We help corporates and institutions
capability allows clients to take understand their environmental • Developing carbon portfolios in
We work with established and advantage of a full suite of risk impacts and develop strategies to line with institutional goals and
reputable project developers to management and hedging tools – reach their ambitions. risk appetite.
source, finance, and develop including the ability to take on • Offering spot and forward
high-quality carbon projects large volumes, price to indexes, We provide educational materials or transactions of high-quality
worldwide. and participate on exchange traded working sessions on the market, credits.
contracts. climate change and net zero. • Providing updates on the market,
projects, and pricing on-demand.

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Our Ethos

At Vertree, we are committed to delivering the highest quality emission reductions. We achieve this through a number of activities that underpin our upstream
operations to develop carbon projects.
Our pillars:

Deep technical capability Strong Links

Robust Carbon Accounting
We are directly involved from project design to final We work directly with VVBs and carbon standards
Our carbon credits are unique, real, measurable,
issuance. Our team has experience in methodology to ensure our projects are developed in line with
additional, independently verified, permanent, avoid
design and project implementation and latest methodological requirements and industry
leakage, and ‘do no harm’.
development. best practices.

Ongoing Risk Management Positive impact

Fair Benefit sharing
We continuously liaise with on-the-ground Our projects better the livelihoods of the local
Fair, equitable, and transparent benefit-sharing is
development team and in parallel, track regulatory environments and communities within and around
embedded in the contracts for all projects
changes to assess potential impacts on our projects the project areas, and contribute to the protection of
developed.
and their respective delivery profiles. valued fauna and flora species.

Vertree is a member of
Innovative Structures
Diversified Approach
We structure financing to ensure alignment of
We adopted the portfolio approach to provide financial
interests with the developer, government and local
support to a number of countries/ communities, and to
community to maximise project integrity and minimise jurisdictional and delivery risk.
guarantee fair value.

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Vertree: Global Partnerships And Portfolio
Ghana
Cameroon

Panama

India
Brazil DRC

Indonesia
Paraguay

Zambia
Uruguay

Carbon reductions
Chile
Argentina
Carbon reductions and removals

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Vertree Project Development Support

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Project Milestones & Timelines (Verra)

Project Identification Free, Prior, Informed Project Design Monitoring, Reporting

Pre-Feasibility Feasibility Registration
(PIN) Consent Document (PDD) Validation & Verification (MRV) Issuance
Study Study
(FPIC)
Retirement

1 2 3 4 5 6 7 8 9

24-36 Months

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Vertree: Support At Every Step
Vertree has the in-house capabilities required to support every step of both the project and transaction lifecycle:

Due Diligence,
Project Finance Legal Support Technical Support
Credit & Compliance
 Review and draft agreements with project
 Conduct due diligence on project  Project design, validation and registration
 Finance through the use of debt or equity stakeholders or potential customers that
stakeholders, potential customers or under carbon standards and approved
instruments at the project and/or Topco give rise to contractual obligations.
entities involved in the project. carbon accounting methodologies.
level  Structure transactional deals.
 Assess counterparty exposures.  Project development, issuance.
 Flexible finance structures to ensure  Understand regulatory changes in key
 Ensure credit support is in place for long  Advisory on registration under
alignment of interests with the project regions affecting carbon projects and
term agreements with potential international standards, including VCS.
stakeholders activities.
customers.

Operational Support Market Analysis & Pricing Exchange Trading & Market Financial Accounting,
Support Access Reconciliation & Reporting
 Real-time reporting on market positions,
 As an exclusive marketer, we provide  Project or portfolio financial accounting.
pricing and exposure.
 Provision of voluntary market insight on access to ICE, CME, CBL, EEX,  Tracking of transaction balances and
 Assistance with physical operations on forecasts and trends. ACX , CIX, etc.
registries (Verra, Gold Standard, etc.). reconciliation.
 Access to fair value and price curves  We also provide access to our extensive  Settlements.
 Provision of link between project through regular evaluation. sales network - customers with climate
activities and how data is used by sales  Regular financial reporting.
commitments.
functions.

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Our Due Diligence
We have strict policies surrounding reputational risk, and enforce these without exception for projects on which we partner.

• As part of our project screening and assessment process we seek to identify all material categories of risk, including country/local risk, physical project risk,
political/approval risk, 3rd party or advisor risk, and (where relevant) credit risk.

• We enforce strict anti-money laundering, anti-bribery and corruption, know-your-customer, and anti-modern slavery policies to protect ourselves and our
buyers from situations in which any such issues might arise.

• Examples that have led to project rejection in our screening process:

• Inability to trace the source of 3rd party funds.
• Incomplete fact patterns or red flags around contracting entities.
• Presence of politically-exposed parties who fail the requisite background checks.
• Requests for payments or excessive payments by 3rd parties where such payments are not proportionate or are inappropriate.
• Threat of expropriation by state or government body.

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Key Requirements for Financing Carbon Projects

Policy Certainty Clear Standards Project

• Proposed project activities defined
Appropriate voluntary or compliance (including benefit sharing and community
Regulatory clarity for undertaking the
market standard activities)
project over the investment period
• Clear carbon rights Standard must be:
• Agreements/contracts in place (with
• Robust landowners, communities, government,
• Local/state/federal alignment
etc)
• Consistent
• Transaction cost clarity eg tax
treatment, licencing requirements • Transparent • Technical capability of developer

Co-benefits framework defined eg SD • Co-benefit potential

Vista, CCB
• Additionality

• Financial model

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Contact us: Registered address:
Cheryl Bowler: [email protected] Vertree Partners Ltd
Rodrigo Bezerra: [email protected] Cardinal Place 100 Victoria Street,
London, United Kingdom
Or visit our website: Vertree.earth SW1E 5JL

© Vertree Partners Limited, all rights reserved 11