Upon completion of the purchase agreement, Forest Finest, based in Bonn, Germany, will assume all rights and obligations as per existing client contracts related to the supply of carbon offsets and services to FCG clients moving forward.
The contracts cover thirteen unique clients and vary in term length between one and three years with a number automatically renewing on a year to year basis. The acquired clients will augment the existing voluntary carbon portfolio of companies of the CO2OL Natural Carbon Collection (“CO2OL”) brand, which is wholly-owned by NatureBank and operated by the Forest Finest team in Europe.
CO2OL assists companies with the development and successful implementation of practical and sustainable climate protection strategies, including the use of voluntary carbon offsets.
“We are very pleased to welcome Forest Carbon Group’s roster of sustainable clients into the CO2OL portfolio of companies, each of whom promote corporate social responsibility throughout their operations,” commented Dirk Walterspacher, CEO of Forest Finest in Germany. “Our companies have very well aligned visions for providing best in class advisory and carbon reduction strategies to clients in the German voluntary market, and CO2OL will continue to deliver the quality and service expected by FCG’s customers.”
The Forest Carbon Group was founded in 2009 by Frankfurt-based WBZ GmbH (“WBZ”), with the German utility company HEAD Sudhessische Energie AG becoming a majority shareholder shortly after its creation. WBZ re-established 100% ownership of FCG in 2014. The company is headquartered in Frankfurt am Main, Germany and offers clients tailor made solutions for climate neutral products and processes.
