Equity

WOCE Solutions offers a blend of consulting (WOCE Consulting) and technology (WOCE LABS) solutions that include defining sustainability strategy and roadmaps and regulatory compliance solutions, sustainability education and training, as well as a platform and product suite for sustainability measurement (scope 1, 2, and 3 emissions reporting), analytics, and performance tracking. WOCE also provides services related to regulatory reporting and compliance for GHG, GRI, TCFD, CDP, SECR, and other standards.

The collaboration will strengthen and expedite the transition to a net-zero future, enabling IT/IoT enabled digitization of carbon footprint measurement and facilitating users to capture, measure, track, reduce and offset their carbon footprint, all under one roof.

This association will also pave way for development & adoption of Digital Monitoring, Reporting & Verification (DMRV) for various projects which EKI is servicing across the globe in addition to the ones it will undertake in future, resulting in improved quality assurance, accuracy, integrity, transparency and trust.

As a result of the collaboration, EKI aims to enhance the current scope and extent of its sustainability and climate change solutions by integrating technology into the existing service offerings. All the existing and prospective clients will now be facilitated with end-to-end carbon management including the ability to capture, measure, track, reduce and offset their carbon footprint.

According to a recent research report by Research and Markets, the global sustainability & energy management software market is growing exponentially. It was estimated at $1.34 billion in 2022, $1.51 billion in 2023, and is projected to grow at a CAGR of 12.39% to reach $3.42 billion by 2030.

EKI Energy Services is a leading carbon credit developer & supplier across the globe. EKI offerings span across carbon credit/asset management, carbon credit generation, carbon credit supply, carbon credit offsetting, carbon footprint management, sustainability audits, as well as carbon neutrality and climate positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets.

EKI Energy's net profit fell 76.3% to Rs 38.09 crore on 40.9% decrease in revenue from operations to Rs 406.57 crore in Q3 December 2022 over Q3 December 2021.

Shares of EKI Energy fell 3.55% to Rs 514.85 on Wednesday, 29 March 2023.

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