Responding to climate change **
Set up in 2006 between Société Générale and Rhodia, orbeo is the first joint venture between a bank and an industrial group on the CER (Certified Emission Reduction) market. The company, in which each of the partners holds a 50% stake, is a major player in the global carbon market.
It manages a portfolio of around 100 million CERs (carbon credits) originating from the CDM (Clean Development Mechanism) projects set up by Rhodia in South Korea and in Brazil over an investment horizon of 2007-2012. These projects are intended to reduce emission levels of nitrous oxide (N2O), one of the six greenhouse gases covered by the Kyoto Protocol. In 2008, Rhodia’s CER volumes represented around 15% of CERs worldwide.orbeo:
- Covers nearly the entire carbon chain,* from projects to the carbon market, is one of the leading purchasers and sellers of CO2 products
- Services include origination (identification and development of projects to reduce greenhouse gas emissions), trading, carbon loan portfolio optimization and structuring of personal transactions for all types of client (voluntary purchasers, industrial companies, governments, investors)
- Is a CECEI-approved investment company (French Committee of Credit Establishments and Investment Companies)
orbeo offers a broad, innovative range of services:
- development, registration and monitoring of Kyoto projects,
- enhanced market efficiency through liquidity and transparency,
- innovative, bespoke solutions in adapting to client needs.
* Verified by Ernst & Young (see Statutory Auditors' Report ) ** As per our commitment under the Global Compact