NH Investment & Securities said on the 23rd that it signed a memorandum of understanding (MOU) with Xpansiv of the United States, the operator of the world's largest environmental products exchange, to strengthen its domestic carbon finance business.
The signing ceremony was attended by Park Geon-hu, head of the Client Solutions Division at NH Investment & Securities, and Xpansiv Chief Executive Officer John Melby, among others.
Xpansiv operates CBL, the world's largest carbon credit transaction platform, and provides global infrastructure for transacting various digital-based environmental products such as renewable energy certificates and natural gas. On the 16th, Xpansiv also signed an MOU with the Korea Exchange for cooperation on transaction infrastructure.
The partnership was pursued to build infrastructure to support domestic corporations in meeting their carbon neutrality goals and implementing ESG (environmental, social and governance) management. NH Investment & Securities plans to use Xpansiv's global platform to provide services that allow domestic corporations needing carbon credits to access high-quality overseas carbon credits more conveniently.
The two companies also plan to discuss various measures to develop domestic environmental product transaction infrastructure. Park Geon-hu, head of the Client Solutions Division at NH Investment & Securities, said, "As a leading financial company in domestic climate finance, we are excited to explore various opportunities for cooperation with Xpansiv, which has built world-class environmental product transaction infrastructure."