About First Climate

First Climate is an integrated carbon asset management company offering products and services related to the trading of emission reduction credits and investing in greenhouse gas abatement projects.

With more than ten years’ experience, First Climate is one of the leading carbon asset management companies in the market. It is unique in covering the entire carbon credit value chain, providing integrated solutions to project owners and developers, fund managers, investors, industrials in the compliance sector, and companies seeking to offset their emissions as part of their Corporate Social Responsibility strategy.

Through a global network of offices, subsidiaries and partners, the Carbon Asset Development department procures high-quality carbon credits from CDM and JI projects as well as from projects geared to the voluntary market. We have a particularly strong presence in India, Pakistan, China and Latin America. First Climate is active both in project development and as a buyer or broker of emission reduction credits (CERs, ERUs and VERs) on behalf of investors, corporate clients and for our own portfolio. We have also developed several pioneering methodologies to allow new project types to qualify for the carbon market.

First Climate’s Sales & Trading department executes our trades and offers customized trading products to companies subject to the EU ETS and other mandatory emission trading schemes. It also provides advisory services on carbon trading strategies, taking into account upcoming policy and legislative changes.

In the voluntary market, First Climate supports companies in developing a carbon management strategy. The Climate Neutral department calculates carbon footprints and helps to reduce avoidable emissions. To offset unavoidable emissions, we provide VERs verified according to the highest internationally recognized standards such as Gold Standard or VCS, and retire them irrevocably on behalf of our clients.

As investment advisor to several institutional investors, First Climate’s Carbon Investment Management department structures and develops carbon funds and related products. First Climate is investment advisor to the Post 2012 Carbon Credit Fund established by the European Investment Bank and four other leading European public financing institutions with Aaa credit ratings. We also advise and administer a number of other carbon investment funds.

The Project Finance department provides cost-effective solutions assisting project developers in meeting their financing requirements. First Climate matches financing needs with financiers' risk/reward profiles and seeks to unlock additional capital through the monetization of carbon assets. The Project Finance department designs innovative financial vehicles to scale up investment in renewable energy and energy efficiency projects on a global scale.

Date               History

01/2010          First Climate voted Best Advisory in Environmental Finance Voluntary
                       Market Survey 2009

12/2009          First Climate voted Best Primary Originator Kyoto Projects in Environmental
                       Finance Market Survey 2009

11/2008          First Climate forms strategic alliance with Macquarie Group to further
                       develop CDM opportunities in China

10/2008          First Climate establishes a joint venture with Verde Consulting Pvt. Ltd.
                       First Climate (India)Pvt. Ltd. is headquartered in Kolkata

09/2008          First Climate Asset Management S.A. is set up in Luxembourg and
                       obtains a comprehensive asset management license

04/2008          First Climate Latin America Asesorías Limitada is established in
                       Santiago de Chile

04/2008          3C and Factor join forces under the name First Climate

03/2008          Factor is selected as fund advisor to the Post 2012 Carbon Credit Fund
                       established by five leading European public financing institutions

12/2007          Factor sets up a subsidiary in Beijing

05/2007          3C is selected as fund advisor to Climate Change Investment

03/2007          3C establishes a US subsidiary in Washington, D.C.

01/2005          Dr. Sascha Lafeld, one of the founders of 3C, is appointed official
                       advisor to UNEP Finance Initiative’s Climate Change Working Group
                       (CCWG)

2005               A project developed by Factor is registered as one of the first CDM projects

2004               3C becomes consultant to the first European carbon procurement fund
                        “KfW-Klimaschutzfonds”

2004               3C structures the first CO2 certificate with effective delivery in cooperation
                        with Dresdner Kleinwort

2003               3C is founded in Frankfurt, Germany, as an independent spin-off of the
                       Dresdner Bank / Allianz Group

1999-2004     On behalf of the World Bank Factor collaborates with carbon experts on
                       National Strategy Studies for Greenhouse Gas Emission Reductions in 10
                       developing countries

1999               Factor develops the first carbon abatement project validated under the UN
                       Climate Change Convention

1999               As one of the early movers in the carbon market, Factor Consulting and
                       Management AG is founded in Zurich, Switzerland