BankingBusiness

Sberbank: Joins I-REC international energy tracking standard

  • Sberbank signed an agreement with the international non-profit organization I-REC Standard Foundation
  • The agreement will enable the largest Russian bank to provide support to stakeholders
  • Create a fundamentally new and innovative market for Renewable Energy Certificates in Russia
  • I-REC certificates allow renewable energy generation companies to sell green attributes of their electricity together with or separately from physical supplies
  • Sberbank and I-REC Standard Foundation will join hands to develop a marketplace to sell I-REC certificates in Russia
  • As of now, the I-REC register contains 13 companies producing electricity using renewable energy sources in Russia
Previous article
Klarna: Partners with Verifone
Next article
Wells Fargo: Michelle Moore join the company as Digital Platform leader
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...