Since 2014 TEM has retired over 9 million verified carbon offsets to Qantas, Singapore Airlines, Lion, Lendlease, American Express, and many more clients looking to make a positive impact, while managing reputational, market, financial and supplier risks.
Beneath the surface of any commitment to offset emissions are risks and value-add opportunities that are not addressed equally by others in the market.
Project Due Diligence
We undertake extensive due diligence on project proponents and on any third-party transactions we provide transparency to the source of the credit supply and integrity of offset purchase. (See more on our Due Diligence Process below.)
TEM has the experience and capacity to understand the supply and demand dynamics of the different carbon markets to secure a predictable supply of carbon offsets and processes to reduce price movements on individual projects and across portfolios.
TEM tracks the changes to domestic and international government policy, standards, carbon markets and certification schemes that informs the future offset purchasing.
As a specialist buyer of carbon offsets for our clients, TEM has the people, systems and processes in place to manage client risks and we operate under an Australian FInancial Services License (AFSL).
TEM’s Due Diligence Process
TEM’s due diligence process involves the collection of information for each project, such as: project developer, project owner, credit type/s, location, activity in addition to the completion of the comprehensive checklist below.
Once a project meets the criteria to proceed through each gateway, TEM collects full documentation from the projects, including: Detailed Project Descriptions, Validation/s, Verification Reports and ongoing Maintenance Reports.
A full media and press analysis is then completed. Assuming no issues and concerns are identified, TEM then coordinates a site visit for most projects.
TEM’s Due Diligence Checklist
Ownership and rights
Verification of the information used to establish ownership of the project and the rights to offset units.
Legal regulatory compliance: and Investigation and confirmation of the legality of the projects and their ongoing regulatory compliance.
Additionality, permanency and leakage
Investigation and confirmation of the projects’ additionality, permanency, leakage and transparency.
Application of methodology
Assessment of the in-situ application of the relevant methodology.
Human rights and corruption
Assessment and confirmation that there are no anti-bribery, modern slavery, or corruption contraventions.
Assessment of the financial due diligence of the project stakeholders.
Co-benefits and SDGs
Assessment of the co-benefits of the project and any claims related to Sustainable Development Goal impacts.
More on TEM
Tasman Environmental Markets Australia Pty Ltd (TEM) is a corporate authorised representative (ABN 97 659 245 011, CAR 001297708) of TEM Financial Services Pty Limited (ABN 58 142 268 479, AFSL 430036). TEM is authorised to provide financial services to wholesale clients (within the meaning of the Corporations Act 2001).
TEM is a certified B Corporation, certified carbon neutral by Climate Active, has achieved Reconciliation Action Plan (RAP) Endorsement, is a member of CMI and signatory to the Australian Carbon Industry Code of Conduct.