First Climate Markets AG is a globally leading provider of carbon offsetting and water consulting services with over 10 years of experience working in the environmental space developing sustainable projects. With a portfolio of over 100 carbon and water projects on its books, First Climate has assisted numerous corporations to go climate neutral or make valuable investments in water-related projects, and is also the initiator of the Water Benefit Partners (WBP) public private partnership. First Climate is headquartered in Frankfurt, Germany and Zurich, Switzerland and has offices in the United States, Australia and the United Arab Emirates.
Integrated Water Resources Management
Since 2011, The Gold Standard Foundation, First Climate and more than 20 Water Benefit Partners (including Munich Re, Swiss Agency for Development and Cooperation, WWF, Carlsberg, Bayer, Nestlé, Olam and International Red Cross) have developed an innovative finance mechanism to drive investment in and maximise the performance of sustainable water projects worldwide – the Water Benefit Standard (WBS).
The WBS defines best practice governance for projects that supply, purify or conserve water and certifies their outcomes. Above and beyond water, these projects help poor communities develop sustainably. The WBS provides a transparent, low-risk and high-impact investment framework that increases the certainty that water projects will achieve the results that are anticipated at project start. This happens through rigorous methodologies and an annual verification of quantified environmental and other sustainability outcomes by independent auditors.
Corporates will use The Water Benefit Standard to make the most of their investments in water management and stewardship. They can either certify their own efforts, or purchase third party verified Water Benefit Certificates (WBCs) — certified project outcomes — that are generated through the annual project verification process of the Water Benefit Standard. This way, additional finance can be channelled to urgently needed water projects to expand their impact.
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