COUNTRY FOCUS : BRAZIL fostering economic prosperity , and addressing climate change challenges .
About B3
B3 S . A . ( B3SA3 ) is one of the main financial market infrastructure companies in the world and one of the largest in terms of market capitalization among global leaders in the exchange industry .
B3 connects , develops and enables the financial and capital market and , together with customers and society , boosts Brazil ’ s growth .
It trades in stock exchange and OTC environments and offers products and services to the financing chain .
By facilitating connections between local and global stakeholders , this partnership sets the stage for a more sustainable future , where Brazil ’ s carbon credits can make a meaningful impact on a global scale .
Carlos Martins , CEO , BlockC , ACX ’ s Brazilian partner , said ; “ With B3 ’ s market position and strong network , ACX ’ s technology and expertise in carbon trading , coupled with BlockC ’ s deep understanding of the local market , we have an invaluable combination of strengths as we establish our presence and bring ACX ’ s Brazil platform to fruition .”
Headquartered in São Paulo and with offices in London , Chicago , Singapore and Shanghai , B3 performs important functions in the market by promoting best practices in corporate governance , risk management and sustainability .
About ACX Group :
ACX Group , including ACX Abu Dhabi ( ACX Ltd ) and AirCarbon Pte . Ltd ., which operate environmental trading platforms in Abu Dhabi and Singapore respectively , caters to corporates , financial traders , carbon project developers and other industry stakeholders .
ACX Group provides participants with an efficient and transparent trading platform that is user-friendly , seamless and offers the lowest transaction fees in the market .
The partnership between ACX and B3 is pitched as ensuring ACX ’ s Brazil platform adheres to the highest standards of transparency and accountability , providing a level playing field for all participants and helping the local market to significantly scale up .
ACX says it remains committed to its mission of facilitating carbon trading and supporting countries in their transition to a low-carbon economy .
The partnership between ACX and B3 represents a major milestone in this journey – with ACX saying it is eager to witness the positive impact it will have on Brazil ’ s sustainability landscape . p
Leveraging distributed ledger technology , ACX facilitates and scales growth of the environmental product markets to align with global ambitions of achieving Net Zero .
ACX Group is a member of the International Emissions Trading Association ( IETA ) and the International Sustainability and Carbon Certification ( ISCC ), further enhancing its commitment to sustainability and responsible trading practices for carbon and other environmental products .
ACX Group has garnered international recognition as the Best Carbon Exchange globally in Environmental Finance ’ s Voluntary Carbon Market Rankings for three consecutive years ( 2021 , 2022 , 2023 ) – solidifying its position as a leader in the industry .
About BlockC
BlockC is a digital platform that provides decarbonization solutions to corporations globally .
BlockC is part of a group of companies with over 20 years of presence in the renewable energy and carbon offsets markets .
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