SK C&C Activates Carbon Market with Comprehensive Carbon Certification Platform 'Sentero'

SK C&C is taking the lead in promoting carbon neutrality in domestic industries by fostering a voluntary carbon market led by the private sector.

On the 14th, SK C&C announced that it supported the issuance of a total of 19 voluntary carbon reduction credits through its comprehensive carbon certification and trading platform, "Centero."

Centero supported the issuance of a total of 186,595 credits through 19 projects across various industries including manufacturing, chemical, energy, IT, and construction. Since one credit corresponds to a carbon reduction of 1 ton, Centero has contributed to a total carbon reduction effect of 186,595 tons.

The carbon market is divided into a mandatory market regulated by the government and a voluntary market in which companies, institutions, and individuals participate. In the mandatory market, companies buy and sell carbon emission permits on government-managed exchanges to comply with government-designated carbon quotas.

On the other hand, the voluntary market, which does not go through exchanges, allows the private sector to carry out carbon reduction projects without government regulation and trade carbon credits obtained by certifying the amount of reduction. Carbon credits are also recognized internationally as valid carbon reduction amounts.

Centero supports the entire process from conducting carbon reduction projects to credit trading in accordance with the voluntary carbon reduction certification agency process. It provides a registration system that reflects the characteristics of certification agencies and global certification frameworks, contributing to increasing the reliability of certified credits.

Upon registration with certification agencies, Centero supports ▲carbon reduction methodology management ▲project management ▲carbon certification resource management, reflecting global initiative rules, regulations, and standards. Its strength lies in providing integrated support from transparent information management of voluntary carbon reduction projects to carbon credit management.

Companies can also trade carbon reduction credits on Centero’s carbon brokerage marketplace. The traded credits are used for carbon offsetting necessary to practice carbon neutrality and achieve net zero.

Centero manages all credit information and transactions using blockchain technology. It publicly discloses all information such as the certification agency, verification details, and issuance volume of credits that demand companies wish to purchase.

Su-in Bang, head of SK C&C’s Digital ESG Group, said, “The mandatory carbon market has limited participating companies, resulting in insufficient trading volume, and it also has limitations in meeting the demand for carbon emission permits due to strengthened global greenhouse gas emission regulations.” He added, “Through Centero, we will increase the participation of domestic companies and institutions in voluntary carbon reduction projects and help activate a private sector-led voluntary carbon market.”

This content was produced with the assistance of AI translation services.