National Storage Mechanism | Additional information
RNS Number : 5539J
Sustainable Capital PLC
05 April 2024
 

Sustainable Capital plc

Company Announcement

 

USD 50,000,000 XTCC Solar Open-Ended Investment

 

(the "Series")

 

ISIN: CH1213603983

 

Sustainable Capital plc is pleased to announce the listing of the above series of the XTCC notes programme on the Frankfurt Stock Exchange.

Dr Scott Levy, Founder of XTCC, said, "the XTCC USD Open-Ended investment is a turning point for net zero investing. As the centre of the entire XTCC ecosystem, the XTCC USD Series establishes for the first time a credible and transparent reference benchmark as well as fair market value for high-integrity carbon credits. With a Frankfurt Stock Exchange listing, XTCC resolves the currently fragmented market for pricing for high-integrity carbon credits. Transparency of a stock exchange quoted price puts the carbon market on the same footing as other commodities which allows for greater investor participation, liquidity and trust. For the first time, investors as well as Chief Sustainability Officers and Chief Financial Officers can agree on how to value, hedge, trade, offset or invest in the push for net zero. XTCC is the asset class for the net zero world."

 

The XTCC USD Solar series creates a reference benchmark for high-integrity carbon credits from solar energy originating from emerging and developing nations. XTCC bases pricing on carbon credits which meet the ISO14064 standard and the new definitions of high-integrity. Alignment with UN SDGs and the measurement and reporting of impact will be published on the Issuer website. The XTCC USD Series includes a retirement for offset feature; retirement data will be published semi-annually as part of the XTCC commitment to transparency and accountability.

 

About XTCC

XTCC is the world's first investment product ecosystem for high-integrity carbon credits sourced from verified, audited sources which includes renewable energy, nature-based solutions and blue carbon. XTCC pricing is quoted on the stock market creating a financial instrument that for the first time establishes fair market value as a reference for high-integrity carbon credits.

To bridge the multi trillion-dollar gap in climate finance, investment is required. XTCC provides capital markets with an ecosystem of financial instruments to allow a river of liquidity to flow to communities where it is most needed.  XTCC is the asset class for the net zero world.

ir@xtcc.investments 

www.xtcc.investments  

 

About the Issuer

Sustainable Capital PLC (recognised on the NASDAQ Sustainable Bond Network) is a UK-based green bond issuance platform which offers a flexible, quick-to-market solution for green and sustainable bonds. Sustainable Capital PLC is a cost-efficient solution for high-impact projects that comply with international green bond standards.

www.sustainablecapitalplc.com

 

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