Cercarbono, a leader in carbon certification, continues to innovate in sustainable finance with a
strategic expansion of its groundbreaking Carbon Credits Warranty and Indemnity (W&I) insurance
offerings. Following the success of the inaugural policy with Mere Plantations, Cercarbono announces
a significant memorandum of understanding with Howden, the esteemed global insurance intermediary
group. This collaboration marks a significant step forward in bolstering confidence across the voluntary
carbon market (VCM) and was negotiated on Cercarbono’s behalf by Climate Law Ltd.

The initial insurance policy, which secured carbon credits from Mere Plantations’ reafforestation project
in Ghana, set a precedent for reliability and risk mitigation in carbon credit transactions. It assured
buyers of the legitimacy and integrity of credits, underlining Cercarbono’s commitment to stringent
environmental standards and transparency.

Alex Saer, CEO of Cercarbono, emphasizes the alliance’s significance: «Our collaboration with Howden
represents a milestone in advancing sustainable finance. By extending our insurance offerings beyond
our inaugural project and to suitable candidate projects, we are enhancing market confidence and
fostering greater investment in sustainable climate solutions globally. With Howden’s support, we are
empowering more projects to provide verifiable climate impacts and uphold the highest standards of
environmental integrity. This partnership reinforces our dedication to transparency and credibility in
carbon markets.»

Under this memorandum of understanding, Howden will leverage its expertise in underwriting and risk
management to offer tailored W&I insurance products for Cercarbono’s portfolio of registered projects.
These products will validate the rights, compliance, and verification of carbon credits, ensuring they
meet rigorous environmental and regulatory criteria.

Commenting on the collaboration, a representative from Howden present at the ITEA Latin America
Climate Summit stated: «In the evolving landscape of carbon credit markets, confidence is paramount.
Tailored insurance products like our W&I offerings are designed to bolster this confidence by
meticulously safeguarding the integrity of transactions. The policy does so by providing protection to the
buyer relating to the promises made by the seller at the point of sale. Further, that insurance protection
will, subject to terms, follow the credit through any future sales prior to retirement. By providing
assurance tailored to the specific risks and complexities of carbon credit projects, we aim to foster trust
and stability, supporting genuine sustainability initiatives worldwide.»

The demand for high-caliber environmental assets continues to grow. This alliance between Cercarbono
and Howden not only supports this growing demand but also strengthens environmental accountability
and resilience in the global carbon market.

As Cercarbono expands its footprint in sustainable finance, the collaboration with Howden underscores
a shared commitment to advancing environmental stewardship through innovative insurance solutions.
Together, they aim to set new benchmarks for reliability and risk management in the carbon credit
landscape, driving meaningful climate action worldwide.

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About Howden
Howden is a leading global insurance intermediary group, specializing in innovative insurance solutions
across diverse sectors worldwide. With a steadfast commitment to sustainability, Howden plays a
pivotal role in the evolving carbon market by providing tailored insurance products that mitigate risks
and enhance confidence in carbon-related investments. Leveraging deep industry expertise, Howden
supports clients in navigating complex environmental challenges, including carbon credit transactions
and sustainable finance initiatives. Through strategic partnerships and cutting-edge insurance
solutions, Howden empowers businesses to achieve their environmental goals while ensuring robust
risk management practices. Recognized for its proactive approach and client-centric ethos, Howden
continues to drive forward-thinking solutions that promote resilience and sustainability in the global
marketplace.

About Mere Plantations
Mere Plantations owns and manages over 4,000 hectares of previously degraded forestland within the
Afram Headwaters Forest Reserve in Ghana that has been transformed into a flourishing plantation of
Teak (Tectona grandis) interspersed with other species. The company, founded in 2007, delivers highquality
teak hardwood products through a turnkey solution attractive for luxury industries including both
to the luxury yachting industry and to more mass market high quality and durable timber provision.
Mere’s business model brings significant benefits both to the UK and Ghanaian economies, the
environment, and the rural community local to the plantation. From 2024 the company is releasing 32
million carbon credits to the voluntary carbon market over the life of the project based on carbon
absorbed at the plantation, backed by a first-of-its-kind insurance policy.

About Cercarbono
Cercarbono is a leading carbon certification body renowned for its rigorous standards and commitment
to transparency in the voluntary carbon market (VCM). Specializing in certifying projects that reduce
greenhouse gas emissions and promote sustainable development, Cercarbono ensures that carbon
credits meet the highest environmental, social, and financial integrity criteria. With a mission to
accelerate global climate action, Cercarbono plays a pivotal role in verifying the authenticity and impact
of carbon reduction initiatives worldwide. Through its meticulous certification process and dedication
to excellence, Cercarbono empowers stakeholders to invest confidently in projects that contribute to a
sustainable future.

About Climate Law
Climate Law Ltd is a boutique legal resource providing advice relating to the regulation of the carbon
credit market with the intention of enabling private sector solutions for the growth and resilience of
carbon offset offerings. Climate Law was pleased to be able to assist Mere, Cercarbono and Howden in
reaching their ground breaking achievement in securing both the underlying policy and the
Memorandum Of Understanding.