Glossary

ClimeCo Makes Strategic Investment in EarthUP, Inc., an Innovative Sustainability Solutions Company

ClimeCo Makes Strategic Investment in EarthUP, Inc., an Innovative Sustainability Solutions Company

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Corporate Marketing Director
484.415.7603 or nmarshall@climeco.com

ClimeCo Makes Strategic Investment in EarthUP, Inc., an Innovative Sustainability Solutions Company


Boyertown, PA, November 4, 2020
– ClimeCo is pleased to announce that it has purchased a minority stake in EarthUP, Inc. (EarthUP.eco), a recent start-up focused on providing web-based sustainability solutions for employers and their employees. EarthUP provides effective environmental tips, rebates, and products to individuals, and a platform for their employers to encourage them in these efforts.  This platform gives employers the ability to measure and report emissions related to their employees, bridging a key information gap in their companies’ understanding of their full environmental impact.  ClimeCo (ClimeCo.com) will provide environmental solutions to EarthUP and is excited to support such an innovative concept. 

“In light of the shift of many employees to telecommuting over the past seven months, understanding employee greenhouse gas emissions and other environmental impacts have never been more significant for employers,” says Derek Six, ClimeCo’s Chief Business Officer.  “This shift enabled us to see that the employee-employer relationship doesn’t necessarily end at the exit door of the business.  The same ideas that help employees reduce their environmental impact also contribute to cost savings and improved health, productivity, and employee retention. EarthUP’s proposal to create a partnership between businesses and their employees is a revelation.” 

ClimeCo has many clients who are doing their best to address their corporate environmental impacts, and this exciting new tool will help them to engage with their employees.  For individuals, EarthUP provides tips to reduce emissions, traffic, energy, waste, and water, and offers incentives they can use to improve their living environments at home.  The unique part about EarthUP’s platform is it allows employees and employers to work together to quantify and address environmental impacts.

“At EarthUP, we believe that by solving sustainability problems, we solve business problems”, says Stephen Bay, EarthUp’s CEO.  “We are confident this truth is magnified when companies involve their employees, and we are looking for corporate partners to be leaders in proving this.” 

EarthUP is currently conducting its pilot phase and expects to launch its public version in January.  The web-based offering is expected to be a “freemium” product, with firms gaining access by subscription to enhanced reporting capabilities.  EarthUP is currently allowing organizations to sign up via our website (https://www.earthup.eco/landing-page/home_organizations) to join the waiting list.  Organizations that sign up before the launch date will get first access to the platform and will receive an enhanced dashboard at no additional cost.

With this investment, ClimeCo joins several other key investors, including Techquity (Techquity.ai), a founding investor that brings technology strategy expertise to the venture.  Techquity’s expertise was a significant factor in ClimeCo’s decision to make this investment in EarthUP.



About ClimeCo

ClimeCo is an Inc. 5000 company that is a respected advisor, transaction facilitator, and trader of environmental commodity market products. Specialized expertise in regulated carbon, regional criteria pollutant trading programs, voluntary markets, and project development and financing of GHG abatement and mitigation systems complement ClimeCo’s diverse portfolio. For more information or to discuss how ClimeCo can drive your organization’s value, contact us at 484.415.0501, info@climeco.com, or through our website ClimeCo.com.

About EarthUP

EarthUP’s mission is to accelerate the transition to a sustainable economy by encouraging organizations to involve their employees, members, and customers in their sustainability mission.  Their platform is a portal that makes it easy for employers to connect with their employees and identify ways to improve the physical spaces of their home offices and living spaces, resulting in increased productivity and fewer sick-days while saving money.  For more information, contact them at 425.442.6140, info@earthup.eco, or through their website, EarthUP.eco.

About Techquity

Techquity is a long-term investment and technology partner that brings technology strategy, expertise, and execution to companies that seek to grow while changing the world.  Customized solutions containing a combination of advisory and operating roles, software development, and talent acquisition help produce technology equity for clients.  For more information, visit them at Techquity.ai.

Impact Careers: Sustainability, the ClimeCo Story, and Career Opportunities

Impact Careers: Sustainability, the ClimeCo Story, and Career Opportunities

Impact Careers: Sustainability, the ClimeCo Story, and Career Opportunities

ClimeCo’s President & CEO, Bill Flederbach, joined Penn State’s Smeal College of Business for the Impact Careers: Sustainability, the ClimeCo Story, and Career Opportunities webinar. The panel also includes Penn State’s Smeal College of Business’ Director of Sustainability, Erik Foley, and Assistant Director of Alumni Career Services, Jennifer Nicholas. In the webinar, the panel discusses the latest trends in the movement to reduce carbon emissions and how those seeking environmental job opportunities strategize to appeal to this sector. These interdisciplinary perspectives bring this impactful environmental discussion to life with practical takeaways.

About Smeal College of Business

The Penn State Smeal College of Business is a vibrant intellectual community offering highly ranked undergraduate, graduate, doctoral, and executive education opportunities to more than 6,000 students from across the country and around the world. Since our introduction in 1953, we have prepared 95,000 students for professional success, annually adding to Penn State’s vast alumni network. We are a destination of choice for top global organizations seeking talent that will make a positive difference. Through our leading faculty and network of research centers and institutes, we are a source of knowledge that influences the business practices of tomorrow. We are forging connections, creating opportunities, and producing results.

Smeal’s Contact Information

Website: https://www.smeal.psu.edu/http://npamani.com/
YouTube: https://www.youtube.com/channel/UCtNnZBE_6AUtySfwaoMcdWA
Instagram: @smealcollege_pennstate
Twitter: https://twitter.com/SmealCollege
Facebook: https://www.facebook.com/smealcollege
LinkedIn: https://www.linkedin.com/company/penn-state-smeal-college-of-business/

About ClimeCo 

ClimeCo Corporation is a respected advisor, transaction facilitator, and trader of environmental commodity market products. Specialized expertise in regulated carbon, regional criteria pollutant trading programs, voluntary markets, and project development and financing of GHG abatement and mitigation systems complement ClimeCo’s diverse portfolio. For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our contact us page.

How Has COVID-19 Changed the Way We Think About Corporate Emissions?

How Has COVID-19 Changed the Way We Think About Corporate Emissions?

How Has COVID-19 Changed the Way We Think About Corporate Emissions?


by Derek Six, Chief Business Officer | October 22nd, 2020


Like many companies with office-based employees, ClimeCo has mostly had its staff working remotely over the past six months.  Over the next year, I suspect many firms will have some employees return to the office, but I think there will be a portion of office jobs that will permanently telecommute.  Both employers and employees have discovered that it is possible to be productive at home, and that the time saved from commuting is a valuable resource.  With more employees working from home now than before, I started to think about what carbon footprints may look like for companies and how this has likely changed since their employees have shifted from company facilities to off-site locations.


Emissions in 2020 vs. 2019

For many years, ClimeCo has committed to reducing its emissions as much as practical and to offset the rest each year.  I am guessing that when we perform our emissions accounting for 2020, the total will be substantially lower than in 2019.  Most of this will result from reduced travel to conferences and sales meetings, but a part of this will also be due to the lower use of electricity and natural gas at our office locations.  I think other companies will find the same when they do their accounting for 2020 – less energy used on-site; reduced heating and cooling costs; reduced purchases of office, breakroom, and bathroom supplies; and less spent on office space maintenance.

For companies that do extensive GHG reporting, this may bring cheers: “Look how much we reduced our emissions in 2020!”.  But is that true?  Or did we shift these same emissions to the homes of our employees?

Computers, monitors, lights, and coffee makers are buzzing between 9 and 5 each weekday at telecommuters’ homes across the country.  What responsibility do companies have for these employee emissions?  Even in “normal” times, should companies think more about employee emissions and employee health and sustainability issues than they previously have?  Could companies make a more significant impact by leveraging their size and scale to address employee sustainability issues at home?


Making a Bigger Impact

Stephen Bay, CEO of EarthUP, Inc., and Stacy Smedley, Skanska’s Director of Sustainability, recently introduced me to a new concept which they call “Scope 4 Emissions”.  For those of you unfamiliar with GHG reporting, companies typically have considered the following 3 Scopes described in the Greenhouse Gas Protocol:

  • Scope 1 – Direct Emissions: on-site fuel combustion, transport fuels for fleet vehicles, air conditioning leaks, etc., things that are under the direct control of the facility

  • Scope 2 – Indirect Emissions: purchased electricity, heat, and steam

  • Scope 3 – Other Indirect Emissions: business travel, waste, water use, purchased goods, services, etc.

Stacy and Stephen suggest that Scope 4 would include emissions from employee energy use, employee waste, and employee commuting.

Why is their concept of Scope 4 emissions compelling to me?  In times of COVID-19 telecommuting, the answer is easy – companies should take responsibility for the shifted emissions resulting from employees working from home.  But even in more “normal” times, I think there is still a compelling argument to do this.  Companies could make a significant impact on global emissions by assisting the employees to address household emissions.  A thoughtful strategy for doing this could include helping employees improve indoor air quality in their homes, reduce their energy bills and waste, as well as improve their quality of life, all while saving them money.

Many companies have found that reducing their corporate emissions by just a little bit is pretty easy and generally profitable, as simple solutions like installing programmable thermostats and more efficient lighting in the office can save them a lot of money; however, as the reduction goals become more ambitious, solutions tend to become more challenging.  Why not widen the net, so to speak, to allow companies to impact employees’ lives significantly?  Wouldn’t this lead to improved employee retention, reduced employee healthcare costs, and increased employee satisfaction and productivity?

For me, taking some responsibility for emissions of telecommuting employees is arguably necessary for any company committed to accurate GHG reporting, but taking additional responsibility for their employee emissions may be good business.

About the Author

Derek Six serves as Chief Business Officer at ClimeCo, where he leads the company’s cross-cutting business functions, as well as the firm’s ODS management program and private equity fund. He holds an MBA in investment management and portfolio analysis from Pennsylvania State University’s Smeal College of Business.

Demystifying Carbon Offsets With Dan Linsky (DWYCFTP)

Demystifying Carbon Offsets With Dan Linsky (DWYCFTP)

Demystifying Carbon Offsets With Dan Linsky (DWYCFTP)

ClimeCo’s Vice President of Voluntary Markets, Dan Linsky, was featured on Nicole Pamani’s web series #DWYCFTP (Do What You Can For The People). Nicole publishes new episodes weekly on Wednesdays and focuses on sustainability, self-care, social issues, and solopreneurship.

In the episode titled, Demystifying Carbon Offsets, Nicole breaks down carbon offsets with Dan. This episode dives into what carbon offsets are, how individuals and corporations can purchase them, and how to ensure that they align with your values. We want to extend our gratitude to thank Nicole Pamani for allowing us to shed light on this topic and inviting Dan on her show.

About Nicole Pamani

Nicole Pamani is an experienced operations, strategy, and management consultant with a focus on people, planet, and profit. Over the course of her career, she has gathered 9+ years of experience in logistics, supply chain management, leadership training, systems creation, HR, team management, digital strategy, marketing, and copywriting. Currently, Nicole works with small businesses, brands, and nonprofit organizations to find sustainable solutions, maximize operational efficiency, build stronger teams, and create captivating narratives. She received her MBA in Sustainability from Bard College in May 2020. Prior to that, she received her Bachelor of Science in Journalism and International Studies from the University of Miami in May 2011. Nicole is also the host of Do What You Can For the People, a web series dedicated to sustainability, entrepreneurship, and mental health.

Nicole’s Contact Information

Website: http://npamani.com/
Podcast: http://www.npamani.com/dwycftp
YouTube: https://www.youtube.com/channel/UCtNnZBE_6AUtySfwaoMcdWA
Instagram: @npamani
LinkedIn: https://www.linkedin.com/in/nicolepamani/

About ClimeCo 

ClimeCo Corporation is a respected advisor, transaction facilitator, and trader of environmental commodity market products. Specialized expertise in regulated carbon, regional criteria pollutant trading programs, voluntary markets, and project development and financing of GHG abatement and mitigation systems complement ClimeCo’s diverse portfolio. For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our contact us page.

CVR Partners Generates First Carbon Offset Credits Related to Voluntary Nitrous Oxide Abatement Efforts

CVR Partners Generates First Carbon Offset Credits Related to Voluntary Nitrous Oxide Abatement Efforts

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION

Contact: Nancy Marshall, Corporate Marketing Director

484.415.7603 or nmarshall@climeco.com

CVR Partners Generates First Carbon Offset Credits Related to Voluntary Nitrous Oxide Abatement Efforts

Project should increase the Company’s reduction of CO2to more than 1 million metric tons each year.

SUGAR LAND, Texas, Oct. 05, 2020 — CVR Partners, LP (“CVR Partners”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate solution fertilizer products, today announced that its subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), has generated its first carbon offset credits related to the Company’s voluntary nitrous oxide (“N2O”) abatement efforts at its Coffeyville, Kansas, nitrogen fertilizer plant. CVR Partners has utilized similar technology to abate N2O at its East Dubuque, Illinois, nitrogen fertilizer plant since 2011.

CRNF previously entered into a Joint Development Agreement with ClimeCo, a pioneer in the development of emission-reduction projects for nitric acid plants, to jointly design, install and operate a tertiary abatement system at one of its nitric acid plants in Coffeyville. The system was designed to abate 94 percent of all N2O in the unit while preventing the release of approximately 450,000 metric tons of carbon dioxide equivalent (“CO2e”) on an annualized basis. CVR Partners’ N2O abatement systems at its East Dubuque facility’s two nitric acid plants have abated, on average, the annual release of approximately 233,000 metric tons of CO2e during the past five years. With the Coffeyville system now operating at design capacity, CVR Partners’ two fertilizer facilities should abate more than 1 million metric tons of CO2e each year, in combination with the Coffeyville facility’s carbon dioxide (“CO2”) sequestration efforts.

“As a leader in the production of environmentally friendly ‘green’ nitrogen fertilizer, CVR Partners is proud to have generated its first carbon offset credits as a result of our voluntary nitrous oxide abatement project in Coffeyville, Kansas,” said Mark Pytosh, Chief Executive Officer of CVR Partners’ general partner. “Coupled with our Coffeyville CO2 sequestration efforts, this facility is uniquely qualified to produce hydrogen and ammonia that is certified ‘blue’ to a market that is increasingly demanding reduced carbon footprints. These efforts support our core Values of Environment and Continuous Improvement, and our goal of continuing to produce nitrogen fertilizers that feed the world’s growing population in the most environmentally responsible way possible.”

CVR Partners’ N2O abatement project is registered with the Climate Action Reserve (the “Reserve”), a carbon offset registry for the North American market. The Reserve employs high-quality standards and an independent third-party verification process to issue its carbon credits, known as Climate Reserve Tonnes.

About CVR Partners, LP
Headquartered in Sugar Land, Texas, CVR Partners, LP is a Delaware limited partnership focused on the production, marketing and distribution of nitrogen fertilizer products. It primarily produces urea ammonium nitrate (UAN) and ammonia, which are predominantly used by farmers to improve the yield and quality of their crops. CVR Partners’ Coffeyville, Kansas, nitrogen fertilizer manufacturing facility includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a dual-train gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen. CVR Partners’ East Dubuque, Illinois, nitrogen fertilizer manufacturing facility includes a 1,075 ton-per-day ammonia unit and a 1,100 ton-per-day UAN unit.

About ClimeCo
ClimeCo is an Inc. 5000 company that is a respected advisor, transaction facilitator and trader of environmental commodity market products. Specialized expertise in regulated carbon, regional criteria pollutant trading programs, voluntary markets, and project development and financing of GHG abatement and mitigation systems complement ClimeCo’s diverse portfolio. For more information or to discuss how ClimeCo can drive value for your organization, contact them at (484) 415-0501, info@climeco.com or through their website at www.climeco.com.

Forward-Looking Statements
This news release contains forward-looking statements. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are “forward-looking statements,” as defined under federal securities laws. These forward-looking statements include, but are not limited to, statements regarding future: abatement of N2O at Coffeyville and East Dubuque and credits relating thereto, operation of tertiary abatement systems including performance thereof, CO2 sequestration, production of “blue” hydrogen and ammonia and certification thereof, market demand, environmental impact of CVR Partners’ activities, registration with the Reserve including standards and verification thereof, and other factors. You can generally identify forward-looking statements by our use of forward-looking terminology such as “outlook,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond CVR Partners’ control. Investors are cautioned that various factors may affect these forward-looking statements. For additional discussion of risk factors which may affect CVR Partners’ results, please see the risk factors and other disclosures included in CVR Partners’ most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and its other SEC filings. These risks may cause CVR Partners’ actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by forward-looking statements. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. CVR Partners disclaims any intention or obligation to update publicly or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

For further information, please contact:

Investor Relations:
Richard Roberts
CVR Partners, LP
(281) 207-3205
InvestorRelations@CVRPartners.com

Media Relations:
Brandee Stephens
CVR Partners, LP
(281) 207-3516
MediaRelations@CVRPartners.com