DNV is an important co-player in the launch of the Morgan Stanley Carbon Bank, which will assist clients seeking to become carbon neutral.

“This is the market’s first broadly offered service providing integrated carbon verification and offsetting capabilities based on the highest recognised international standards,” says Simon Greenshields, global head of Power, power fuels and carbon trading at Morgan Stanley.

”Many companies have begun seeking ways to reduce their direct greenhouse gas emissions. Our new service will help them more easily and reliably take the next step to achieve a zero carbon footprint,” says Simon Greenshields, global head of Power, power fuels and carbon trading at the global financial services firm Morgan Stanley.

The Morgan Stanley Carbon Bank will sell greenhouse gas credits to companies willing to voluntarily offset global-warming emissions. Carbon credits will be procured from various sources, including Morgan Stanley’s own direct investments in emission reductions. Companies wishing to reduce their emissions must start by having their baseline emissions documented. This is where DNV comes in to establish and verify a baseline, and DNV will be the only company doing this job for the Carbon Bank’s clients.

Date: 2007-10-25