31 Jan 2024

Tasman Environmental Markets (TEM) leads the way for Australian carbon industry via industry-first partnership with carbon data provider, Sylvera 

In a first for the Australian carbon industry, TEM, Australia’s largest provider of voluntary Australian carbon credits, has partnered with leading carbon data provider, Sylvera, to bolster TEM’s robust due diligence process. This will help ensure TEM continues to invest in and sell the highest quality carbon projects. 

Customers using TEM’s digital carbon credit marketplace – TEM Online – will also have access to Sylvera’s ratings, data, and insights about impact, such as co-benefits, via the platform. TEM Online is TEM’s online platform where customers can transparently purchase carbon credit orders under 10,000 tonnes.

Combining cutting-edge technology with leading carbon measurement methodologies, Sylvera provides ratings and data assessing climate action investments, including carbon credits, which allow organisations to confidently deliver their climate strategies and work towards societal net zero. The first of such partnerships in Australia, utilising Sylvera ratings will provide TEM with an additional independent evaluation of carbon projects, helping to boost its due diligence process, which ensures TEM selects only the highest quality carbon offsetting projects for its customers to support.        

“TEM is continuously expanding the tools and technologies we utilise to help businesses of all sizes achieve their decarbonisation goals and make a real difference to climate change, people and the planet via financing high-quality carbon offsetting projects,” said TEM CEO, Jessica Dwyer. “Experts, including the United Nations, recognise the essential role of carbon markets in achieving the world’s climate targets and high-quality carbon credits are key to this. 

“Integrity and trust in the quality of our carbon projects is core to who we are at TEM, which is why we’re excited to join forces with Sylvera to add an additional layer of independent scrutiny to the projects we support,” Jess explains.  

“The Sylvera ratings will bolster our strong TEM due diligence process, helping ensure we only support the highest quality carbon projects with real and lasting impacts.” 

“As the net zero transition grows more pressing, more companies will need to purchase carbon credits to make good on their decarbonisation targets after they’ve done as much as possible to reduce their operational and supply chain emissions. However, not all players will have the deep level of expertise necessary to navigate the market and drive funding to the projects having real climate impact. TEM eliminates many of the complexities. Now, with Sylvera’s data at the point of decision making, it’s even easier to prioritise investment in high-quality carbon credits,” said Samuel Gill, Sylvera Co-Founder and President.

Sylvera ratings assess the claimed impact of a project using three key factors: a carbon accounting score, an additionality score and a permanence score. Sylvera’s report of each project also takes into consideration program co-benefits, which include community benefits beyond carbon abatement.  

These Sylvera ratings complement TEM’s comprehensive due diligence process, which goes beyond Australian and international requirements to ensure TEM’s customer’s continue to support the world’s most impactful carbon projects.​ This process includes checks for: 

  • Carbon: Additionality, permanence, leakage checks / best practice methodology 
  • Governance:  Ownership and land use rights verification / legal review / financial analysis 
  • Social: Social, human rights and political review / community perception / reputational risks / checking impacts beyond carbon. 

This news comes after Sylvera recently announced its expansion into APAC, opening an office in Singapore to better support its customers and carbon innovation in the region. You can learn more about Sylvera here: www.sylvera.com

About TEM 

TEM is a leading Asia-Pacific carbon offsetting solutions provider, across voluntary and compliance markets, including being the largest provider of voluntary Australian carbon credits. TEM partners with businesses of all sizes to help them achieve their decarbonisation goals and make a real difference to climate change, people and the planet via financing high-quality carbon offsetting projects. TEM supports business goals through a range of end-to-end carbon offsetting solutions, including corporate offset portfolios, digital sales and calculations, carbon project development and investment options, and its trading desk. Since 2014, TEM has helped finance more than 225 carbon projects in 30 countries, reducing over 10 million tonnes of carbon emissions, as well as providing community and biodiversity benefits. TEM is trusted by many leading, iconic global brands and located in offices around Australia and the Asia-Pacific region. 

To find out more, see: www.tasmanenvironmental.com.au or follow TEM on LinkedIn

About Sylvera  

Sylvera is a leading carbon data provider on a mission to incentivise investment in real climate action. To help organisations ensure they’re making the most effective investments toward net zero, we build software that independently and accurately automates the evaluation of carbon projects that capture, remove, or avoid emissions. With Sylvera’s data and tools, businesses and governments can confidently invest in, benchmark, deliver, and report real climate impact. Co-founded in 2020 by Dr. Allister Furey and Sam Gill, the company is headquartered in London with additional offices in Belgrade and New York. To date, Sylvera has raised over $96 million from investors such as Balderton Capital, Index Ventures, Insight Partners, LocalGlobe, and Salesforce Ventures. Learn more at  www.sylvera.com.  

Media enquiries

Clara Devlin

PR and Content Marketing Manager, TEM

0451 511 196

Note: “Tasman Environmental Markets (TEM) is Australia’s largest voluntary carbon offset provider” is based on published data from the Clean Energy Regulator on voluntary cancellations of Australian Carbon Credit Units.

Important information

This information has been prepared by Tasman Environmental Markets Australia Pty Ltd (TEM), a corporate authorised representative (ABN 97 659 245 011, CAR 001297708) of TEM Financial Services Pty Limited (ABN 58 142 268 479, AFSL 430036). This material is for general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation, or needs. While we believe that the material is correct, no warranty of accuracy, reliability, or completeness is given, except for liability under statute which can’t be excluded. Before making an investment decision, you should first consider if the information is appropriate for your circumstances and seek professional financial advice. Please note past performance is not a guarantee of future performance.