Brazilian environment services firm Ambipar is looking to expand the market for carbon credits by trading tokenized carbon credits through a digital asset platform run by the B3 stock exchange in São Paulo, according to the company’s vice president for sustainability Rafael Tello.
Ambipar has signed a partnership with B3 Digitas to start trading carbon credits via the platform, which was established by the bourse in 2022.
Tello told LatinFinance the firm’s initiative targets companies listed on the exchange as well as investors and funds seeking to access the carbon credit market.
Ambipar says it is seeking to position itself ahead of the advent of the regulated carbon market, the framework for which was approved last year by the government.
It will likely take around two years for the government to implement the new rules, Tello said.
Ambipar says it is currently preserving 2.5 million hectares of forest in the Amazon region and generating credits for 5 million tons of carbon dioxide each year.
Tello said companies must remain committed to protecting the environment despite the backlash against ESG policies in the US since the election of President Donald Trump, a climate sceptic.
“It is more a political movement than a business matter,” Tello said. “Our risk exposure has increased. It is real. If we do not work towards prevention, protection, if we do not get organized to improve our response to these [climate] events, we are going to suffer the same consequences as we did in recent years,” he added. “This is not a matter of politics.”
