Sector

Verification and Validation

Greenhouse Gas

First Environment has been active in the field of climate change and greenhouse gas (GHG) management since the 1990s—longer than most other companies in the industry. We know from firsthand experience that participation in dialogues on climate change policy and GHG management yields insight that is of value to our clients. At the international level, we maintain involvement through regular attendance at the United Nation’s Framework Convention on Climate Change (UNFCCC) Conferences of the Parties. In the U.S., we provide services under a variety of programs, including the California Air Resources Board (ARB), American Climate Registry (ACR), Climate Action Reserve (CAR), Verified Carbon Standard (VCS), and The Climate Registry (TCR), while monitoring other state and regional climate change initiatives. We are also involved in climate change policy developments in Canada, Europe, and South America.

 

Notably, First Environment was the first consulting and engineering firm in the western hemisphere to become certified to ISO 14001. The firm was also a charter partner of the U.S. EPA’s Climate Leaders program and has been carbon neutral since 2008. In addition, First Environment is a Founding Reporter to TCR and received verification of our own inventory under the TCR program. Furthermore, First Environment was among the first firms accredited to the ISO 14065 standard by ANSI to conduct greenhouse gas inventory verification services for TCR members.

First Environment is the first firm:

Our GHG verification services have also received the following industry acknowledgements:

Renewable Fuels

With the push for renewable fuels and the reduction of greenhouse gas emissions, First Environment has been tracking the latest regulatory requirements of EPA’s Renewable Fuel Standard (RFS2), which requires gasoline sold in the U.S. to contain a minimum volume of biofuels. In July 2014 EPA finalized the voluntary Quality Assurance Plan (QAP) program to increase market confidence and help ensure that Renewable Identification Numbers (RINs) are validly generated through a program of third-party audits; First Environment is one of only a handful of firms with an EPA-approved QAP. Working with our clients, First Environment assists renewable fuel producers in verifying their quarterly RIN quantities and EPA Moderated Transaction System data. Our licensed Professional Engineers (PEs) provide engineering reviews, working with facility staff to evaluate the accuracy of information provided to EPA during the registration process. Our streamlined review process provides clients with the most cost-effective, accurate, and attestable report. Our technical staff will review supporting documentation and calculations to confirm that RINs have been quantified accurately and conduct on-site audits of renewable fuel production facilities as required by the QAP program.

Green Bonds

Green bonds are one of the fastest growing classes of fixed-assets investments. They offer the same features as regular bonds, but proceeds must be used to achieve a recognized environmental benefit (i.e., reduction of greenhouse gas emissions). The International Capital Market Association’s Green Bond Principles are the most widely accepted financial industry guidelines for developing green bonds. In addition, bonds that meet these requirements and help communities advance toward a low-carbon economy are eligible for certification under the Climate Bonds Initiative certification program. First Environment is quickly becoming a leader in verifying green bond offerings to these emerging guidelines and standards.

 

We are currently working with the Climate Bonds Initiative and the World Business Council for Sustainable Development to further standards development and thought leadership for green bonds. As the first U.S.-based approved verifier for the Climate Bond Standards 2.0, First Environment is qualified to assess the “readiness” of a green bond offering to meet the requirements of the newly released standard. Once a green bond has been issued, First Environment verifies the annual report, resulting in certification by the Climate Bonds Initiative (assuming the bond meets all necessary requirements) and increased investor confidence.