Farnek approved as provider of International Renewable Energy Certificates
Farnek said it also recently launched its Emirates Carbon platform, a free, open-access platform that offers carbon footprint calculations
Farnek has officially registered under the Evident Registry as an approved provider of I-RECs (International Renewable Energy Certificates). These certificates represent renewable electricity attributes.
In a separate milestone, Farnek has also signed an agreement with EKOenergy, an international renewable energy ecolabel. The EKOenergy label is applied to eligible I-RECs that meet additional environmental and sustainability criteria. It is said to be mandatory for LEED Zero certification, providing organisations with a high-integrity pathway to demonstrate credible renewable electricity sourcing and compliance with advanced green building standards. I-RECs verify that the electricity claimed by an organisation originates from certified renewable sources within the country or approved offsite projects, meeting SBTi and GHG Protocol standards.
I-RECs are market-based instruments that certify the generation of one megawatt-hour (MWh) of electricity from renewable energy sources. They function as a tracking system that enables companies and individuals to credibly verify their renewable energy usage. This supports the development of sustainable energy both within the UAE and internationally, said a statement.
Farnek said it also recently launched its Emirates Carbon platform, a free, open-access platform that offers carbon footprint calculations, direct access to high-quality offset programs, certified carbon credits, and I-RECs. All procurement, documentation, and project information is made available through this platform.
“Being an approved provider of I-REC supports corporate decarbonisation pathways which are aligned with the UAE Net Zero 2050 Strategy and provide a credible, internationally recognised mechanism for reducing Scope 2 emissions,” said Muna Al Nahdi, Director – Sustainability & Consultancy at Farnek.
She added, “It also enables organisations targeting Scope 1 and 2 Net Zero goals by 2030, to bridge gaps where infrastructure, regulation, or on-site technology limits renewable energy adoption. Furthermore, IRECs ensure transparency and traceability, reducing risks of greenwashing and supporting audit-ready ESG reporting.”
Farnek’s registration under the Evident Registry facilitates the issuance and provision of certified I-RECs and EKOenergy-labeled certificates. The Emirates Carbon platform centralises access to certificate procurement and documentation, project information, and traceability. It also automates Scope 2 emissions reduction calculations and integrates with dashboards for reporting and verification on Farnek’s CarbonTek, a enterprise solution that tracks full Scope 1, 2, and 3 emissions across operations and supply chains, the statement noted.
Emirates Carbon prioritises UAE renewable energy sources whenever possible, aligning with SBTi best practices. In cases of limited local availability, it offers access to quality international I-RECs. It ensures that all certificates comply with international carbon accounting rules and UAE MRV frameworks.
Emirates Carbon empowers organisations to source renewable electricity attributes at any scale, from small annual requirements to large portfolios consuming thousands of megawatt-hours. By doing so, it supports in demonstrating genuine climate action through renewable electricity adoption, rather than relying on compensation mechanisms, the statement concluded.
