Accredited Entities

•• Adding an additional layers to certificates. Established, additional criteria

Accredited Entities

I-TRACK Foundation Accredited Entities (Market Facilitators) are those Code Managers, Registry Operators, Platform Operators, and Issuers who have taken the steps to coordinate the development of a product market under the guidance of the International Attribute Tracking Standard (Standard).

Labelling Authorities and Labelling Schemes do not need to undergo Accreditation; however, they do need approval from the International Tracking Standard Foundation (I-TRACK Foundation) Board to function in adherence with the Standard.

Accreditation is generally arranged by the I-TRACK Foundation but may also be organized with third-party support or input, subject to approval by the I-TRACK Foundation Board.

Accreditation through the I-TRACK Foundation allows Market Facilitators a means of demonstrating adherence to the Standard and global best practices.

Accredited Code Managers under the I-TRACK Foundation

Evident is the I-REC(E) Product Code Manager

Evident is the Accredited Code Manager for the I-REC for Electricity Product Code that is adherent to the I-TRACK Foundation's International Attribute Tracking Standard.

Avance Labs is the I-TRACK(HX) Product Code Manager

Avance Labs (Avance) is the Accredited Code Manager for the I-TRACK Product Code for Hydrogen and Hydrogen Derivative Fuels and Products that is adherent to the I-TRACK Foundation's International Attribute Tracking Standard.

Terrametrics is the I-TRACK(CDR) Product Code Manager

Terrametrics' C-Capsule is the Accredited Code Manager for the I-TRACK Product Code for Carbon Dioxide Removal that is adherent to the I-TRACK Foundation's International Attribute Tracking Standard.

Part of the Consortium

The Code Manager for the I-TRACK Product Code for Biogas/Biomethane is made up of a Consortium of organizations: Evident, Instituto Totum, and M-RETS.

Part of the Consortium

The Code Manager for the I-TRACK Product Code for Biogas/Biomethane is made up of a Consortium of organizations: Evident, Instituto Totum, and M-RETS.

Part of the Consortium

The Code Manager for the I-TRACK Product Code for Biogas/Biomethane is made up of a Consortium of organizations: Evident, Instituto Totum, and M-RETS.

Accredited Registry Operators under the I-TRACK Foundation

Evident's I-REC(E) Registry

Evident Services owns the Accredited Registry in use for the I-REC(E) Product Code that is adherent to the I-TRACK Foundation's International Attribute Tracking Standard.

Accredited Platform Operators under the I-TRACK Foundation

Bravowhale

Visit the Bravowhale Platform here.

Bravowhale is an Accredited I-REC(E) Platform Operator

Platform Operator Report

Download Bravowhale's Platform Operator Report
Click Here

Bursa Carbon Exchange (BCX) is the world’s first Shariah-compliant multi-envrionmental product exchange that facilitates the trading of renewable energy certificates (RECs) and carbon credits via standardized contracts. BCX is also the first trading platform in Malaysia to receive Accreditation from the I-TRACK Foundation as a Platform Operator. 

BCX is operated by  Bursa Malaysia Carbon Market Sdn Bhd, a wholly-owned subsidiary of Bursa Malaysia Berhad. BCX offers three modes of trading: auction, continuous trading, and off-market transactions.

For more information, visit the Bursa Carbon Exchange (BCX) platform, here.

The BCX fee schedule can be found in Appendix 1 of Operating Procedure

BCX is an Accredited I-REC(E) Platform Operator

Platform Operator Report

Download the BCX Platform Operator Report
Click Here

The main purpose of the Foton Platform is to facilitate an I-REC(E) marketplace, allow bilateral transfers between parties, allow transfers to I-REC participant accounts, and allow creating redemption statements.

The Platform primarily operates in Turkiye. Visit the platform here.

Fees for users
Foton Platform trade fee (per MWh) TRY 0.075
Foton Platform to I-REC Trade accounts transfer fee (per MWh)  TRY 0.225
Foton Platform Redemption fee (per MWh) EUR 0.08

FOTON is an Accredited I-REC(E) Platform Operator

Platform Operator Report

Download the FOTON Platform Operator Report
Click Here

REDEX Group Pte Ltd provides innovative technological solutions that enable companies to adopt renewable energy easily. Headquartered in Singapore, the Group developed and operates Asia’s leading Renewable Energy Certificates (RECs) trading platform. REDEX offers a one-stop ecosystem for RECs, supporting clients through the full REC lifecycle.

Committed to accelerating the global transition towards renewable energy, REDEX won the 2023 Emerging Enterprise Sustainability Award in Singapore.

Discover more at the REDEX Platoform: redex.eco.

REDEX is an Accredited I-REC(E) Platform Operator

Platform Operator Report

Download the REDEX Platform Operator Report
Click Here

SCSK Corporation provides a one-stop for I-REC(E) in Japan and allows companies to easily purchase and redeem I-REC(E) without becoming a Participant.

Visit the SCSK Platform here

SCSK is an Accredited I-REC(E) Platform Operator

Platform Operator Report

Download the SCSK Platform Operator Report
Click Here

Xpansiv Ltd operates the Platform through its wholly owned subsidiaries, CBL Markets (USA) LLC and CBL Markets (Australia) Pty Ltd. CBL is a global platform for managing and transacting energy and environmental commodity products such as carbon, renewable energy, water, and natural gas. It connects buyers and sellers to manage and trade multiple environmental products on one platform. For I-REC(E), it is a global marketplace that is only accessible to entities who are a registered Participant at this moment in time.

Visit the Xpansiv Platform here.

Xpansive is an Accredited I-REC(E) Platform Operator

Platform Operator Report

Download the Xpansiv Platform Operator Report
Click Here

Accredited Issuers under the I-TRACK Foundation

AENOR Peru

AENOR Peru is an Issuer under the I-REC(E) Product Code

AENOR Internacional SAU (AENOR) is a Spanish leading certification body in both quality management systems and environmental management systems. AENOR has a permanent presence in 12 countries including Peru where it is the I-REC(E) Issuer and operates through AENOR Peru S.A.C., its Peruvian subsidiary which has a high specialization in testing, inspection, and certification.


The Department of Energy is an Issuer under the I-REC(E) Product Code

The Department of Energy Abu Dhabi (DoE of Abu Dhabi) is the approved I-REC(E) Issuer in Abu Dhabi and the UAE. For more information, please contact the I-TRACK Foundation secretariat at secretariat@irecstandard.org.


CSGCM is an Issuer under the I-REC(E) Product Code

CSGCM is a wholly owned subsidiary of CSG (China Southern Power Grid Co., Ltd.), which is responsible for carbon assets, REC, and other related businesses, and has rich business experience in GEC, I-REC, and other fields. CSGCM will be the first official, Accredited Issuer of I-REC in China covering the provinces of Guangdong, Guangxi, Yunnan, Guizhou, and Hainan, as well as Hong Kong SAR and Macau.

ECOJERis an Issuer under the I-REC(E) Product Code

The Association of Regional Environmental Initiatives (ECOJER) is the I-REC(E) Issuer for Kazakhstan. ECOJER’s goal is to consolidate the business and civil society to represent and protect common interests, assist in environmental protection activities; taking a balanced approach between the government's environmental policy, the public interest in improving environmental quality and the need to develop the economic potential of the business community.

ECOSTAR Energy Solutions is an Issuer under the I-REC(E) Product Code

Ecostar Energy Solutions has been approved as the local I-REC(E) Issuer in Zambia, having been supported by the Ministry of Energy (MOE) of Zambia. Please contact the I-TRACK Foundation secretariat at secretariat@irecstandard.org for more information on how to register through Ecostar.

ECSIM is an Issuer under the I-REC(E) Product Code​

The Center for Studies in Systemic Economics (ECSIM) is a non-profit organization focused on the green solutions for societal and environmental struggles, as well as local I-REC Issuer in Colombia.

EGAT is an Issuer under the I-REC(E) Product Code

The Electricity Generating Authority of Thailand (EGAT) is the I-REC(E) Issuer in Thailand. EGAT is Thailand’s leading state-owned power utility under the Ministry of Energy. For more information contact the I-TRACK Foundation secretariat at secretariat@irecstandard.org.

EPP is an Issuer under the I-REC(E) Product Code

Energy Peace Partners (EPP) is the Issuer in Chad, Democratic Republic of the Congo, Somalia, South Sudan, Haiti, and Ethiopia. EPP issues Peace Renewable Energy Credits (P-RECs) labelled RECs, among other ordinary I-REC(E). P-RECs are designed to stimulate renewable energy market development in fragile and energy poor regions of these countries. The I-REC Standard Foundation recognizes P- RECs as I-REC(E)s with a ‘peace’ label that indicates high-impact social co-benefits.

Foton Energy is an Issuer under the I-REC(E) Product Code

Foton is the I-REC(E) Issuer in Turkey. Foton is an energy-transition start-up company based in Turkey. The company became Turkey’s official I-REC issuer in July 2020, in advance of an expected regulated market for EACs in Turkey.

Green Certificate Company is an Issuer under the I-REC(E) Product Code​

The Green Certificate Company (GCC) is the I-REC(E) Issuer in the following countries: Bangladesh, Burkina Faso, China, Costa Rica, Dominican Republic, Egypt, El Salvador, Ghana, Guatemala, Honduras, India, Indonesia, Malaysia, Mauritius, Mauritania, New Zealand, Nicaragua, Nigeria, Panama, Peru, Philippines, South Africa, Sri Lanka, Taiwan, Uganda, Vietnam, Ecuador, Cambodia, Jordan, Morocco (Western Sahara), Oman, Saudi Arabia, Singapore, Laos, and Zimbabwe. GCC certifies renewable energy generation around the world. The I-TRACK Foundation often approves GCC as the default Issuer of I-REC(E) in the case no other suitable local Issuer can be identified. GCC will be released from their position as the default Issuer if a suitable local alternative is identified.

Green Energy Services is an Issuer under the I-REC(E) Product Code

Green Energy Services (GES) is the I-REC(E) Issuer in Israel. Registrations can take place through Green Energy Services’ e-mail: issuer@greenenergyservices.co.il

Instituto Argentino de Normalizacon y Certificacion is an Issuer under the I-REC(E) Product Code

Instituto Argentino de Normalizacon y Certificacion (IRAM) is the I-REC(E) Issuer in Argentina. IRAM is an independent, not-for-profit association that has experience in ISO and other Standardization processes. Argentinian devices can be registered following the development of the Local Working Instructions (LWI) by IRAM

Instituto Totum is an Issuer under the I-REC(E) Product Code

Instituto Totum is the I-REC(E) Issuer in Brazil. Instituto Totum provides Brazilian companies, associations, and business with modern solutions in line with global trends in certification. Instituto Totem is the local Issuer in Brazil.

LCEC is an Issuer under the I-REC(E) Product Code​

The LCEC is the I-REC(E) Issuer in Lebanon. The LCEC was created by the Ministry of Energy and Water (MEW) and the United Nations Development Program (UNDP) as an independent, not-for-profit organization within the Ministry of Energy and Water in 2011. The LCEC is driven to expand Lebanon’s development of efficient, renewable energy sources and to increase energy security and de-carbonization levels. The LCEC proactively develops policies, implements projects, and assists in shaping the market in harmony with the global sustainable energy transition.

Local Good is an Issuer under the I-REC(E) Product Code

Local Good is the I-REC(E) Issuer in Japan. Registrations can take place through Local Good. Please contact I-TRACK Foundation secretariat (secretariat@irecstandard.org) for more information regarding restrictions and timing.

The Ministry of Economy and Finance of the Republic of Uzbekistanis an Issuer under the I-REC(E) Product Code

The Ministry of Economy and Finance of the Republic of Uzbekistan is the local I-REC(E) Issuer in Uzbekistan.

Normex is an Issuer under the I-REC(E) Product Code

Normex is the I-REC(E) Issuer in Mexico. Normex is a worldwide organization, accredited by the Mexican Accreditation Entity AC (ema) and approved by the Ministry of Economy, as well as by different government entities, to carry out standards, audits, inspections, and laboratory tests, under the requirements of national and international standards. Normex has been approved by the I-TRACK Foundation Board to be the local I-REC(E) Issuer in Mexico.

Oakley Greenwood is an Issuer under the I-REC(E) Product Code​

Oakley Greenwood is the I-REC(E) Issuer in Australia. Australia has been approved for below baseline issuance. Oakley Greenwood has been accredited by the I-TRACK Foundation to be the Issuer for I-RECs for electricity (I-REC(E)) in Australia.

The OLOLT Center is an Issuer under the I-REC(E) Product Code

The OLOLT Climate Change and Carbon Market Development Center (OLOLT Center) has been Accredited as Mongolia’s I-REC(E) Issuer in Mongolia. The OLOLT Center is a national climate-oriented non-governmental organization, dedicated to empowering and bridging the public and private stakeholders for accelerating resource mobilization and climate actions through the facilitation of market and non-market instruments.

PET is an Issuer under the I-REC(E) Product Code

The Pakistan Environment Trust (PET) is a non-profit organization mobilizing global capital and expertise towards tackling Pakistan’s toughest environmental challenges. Partnered with leaders from business, finance, government, and non-profits, PET delivers initiatives that are enabling the transition towards a climate-resilient, low-carbon, and biodiverse Pakistan. PET’s mission is to mobilize global capital and industry-leading expertise towards solving Pakistan’s toughest environmental challenges.

The Royal Scientific Society is an Issuer under the I-REC(E) Product Code

The Royal Scientific Society (RSS) is the local I-REC(E) Issuer in Jordan. The RSS was established in 1970 with the aim to be the knowledge leader for science and technology locally and regionally. The RSS uses excellent scientific and engineering research to power economic development and social progress.

SCX is an Issuer under the I-REC(E) Product Code

The Santiago Climate Exchange (SCX) is the I-REC(E) Issuer in Chile. SCX is a private organization focused on tracking the reduction of greenhouse gas (GHG) emissions and local I-REC Issuer in Chile.

SGES is an Issuer under the I-REC(E) Product Code

The State Grid Integrated Energy Service Company Co. Ltd. (SGES) aims at the strategic and innovative development of integrated energy services and has rich business experience in EACs, RECs, and other fields. The operating area of the State Grid as an I-REC(E) Issuer covers 26 provinces (including autonomous regions and municipalities), of which the power supply range accounts for almost 88% of the country with a population of over 1.1 billion. This cooperation will enable all generators in these regions, and all energy end users in China, to use the internationally recognized I-REC for their energy and carbon reporting and synchronize with the expanding requirements of global trade. SGES will integrate this into its infrastructure and user base, seamlessly allowing market participants to use domestic or international reporting systems for energy tracking.

Suriname Energy Chamber is an Issuer under the I-REC(E) Product Code​

The Suriname Energy Chamber (SEC) is the I-REC(E) Issuer in Suriname. SEC has been Accredited as the local Issuer. The SEC acts as the national platform for information, training, and events for the energy sector in the country. They focus on the collaboration between the private and public sectors and are therefore highly well-connected and well-informed about the market.

Three Pillars Consulting is an Issuer under the I-REC(E) Product Code

Three Pillars Consulting is the I-REC(E) Issuer in Oman. Three Pillars Consulting is an Oman-based consultancy specialized in various environmental assessments including the renewable energy sector.

Transpower is an Issuer under the I-REC(E) Product Code

Transpower New Zealand has been Accredited as the local I-REC(E) Issuer. Transpower will perform the role of local Issuer in New Zealand through its commercial services division, Energy Market Services. Transpower is a state-owned enterprise with a dual role – grid owner and system operator. It builds, maintains, and owns the national high-voltage electricity transmission grid that connects generators of electricity with users (directly and via local lines companies) around New Zealand.

WGEO is an Issuer under the I-REC(E) Product Code

The World Green Economy Organization (WGEO) is the I-REC(E) Issuer in Dubai. WGEO emerged in response to the priorities and concerns identified from Rio+20 United Nations Conference on Sustainable Development in 2012. The World Green Economy Organization (WGEO) has taken over the role of I-REC Accredited Issuer from the Dubai Carbon Center of Excellence (DCCE) in the Emirate of Dubai.