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What do I do with my certificates if I have Environmental, Social & Governance (ESG) reporting requirements?

This is a question that we frequently address in a meeting before engagement to ensure that your certificate option chosen aligns with your internal or external ESG requirements. In Australia there are three primary certificate types:

  1. White Certificates: STCs, VEECs, ESCs and REPS GJs
    1. These Certificates can be thought of as a rebate mechanism, and do not impact your entity’s ability to claim an energy or emissions reduction on your ESG reporting when treated correctly
  2. Renewable Energy Certificates (RECs): LGCs, REGOs, IRECs
    1. Also known as Energy Attribute Certificates (EACs), these certificates represent a unit of renewable energy. To claim the renewable energy benefit the created certificates must be surrendered. In the event that they are sold, the benefit may not be able to be claimed depending on your reporting program.
  3. Carbon Credits: ACCU, Verra VCUs
    1. These credits represent a unit of carbon. To claim the carbon reduction from an upgrade, these most often need to be surrendered. In the event that they are sold, the benefit may not be able to be claimed depending on your reporting program.