The Regional Voluntary Carbon Market Company (VCM), established by the Public Investment Fund (PIF) and Saudi Tadawul Group, today announced new partnerships and exchange onboardings with UK and European carbon market participants, strengthening its role in connecting global supply, market intermediaries and buyer demand through Saudi Arabia’s voluntary carbon credit exchange platform.
The announcements were part of a signing ceremony held during London Climate Action Week, one of Europe’s largest climate events, bringing together leaders across finance, policy, business and climate action.
The companies announced include EOS, Tramontana, Sentinel Earth, and Altitude. Together, they represent a diverse set of market participants across project development, brokerage, advisory, market access and corporates engagement, reflecting the breadth of collaboration required to scale voluntary carbon markets globally.
The UK and European expansion follows VCM’s recent momentum across Asia and North America, where the company has announced partnerships and exchange participants spanning carbon project development, carbon accounting, carbon removal, trading and climate advisory. The latest announcements reinforce VCM’s ambition to create an interconnected global marketplace that enables buyers and suppliers to collaborate on credible climate action.
Through these partnerships and exchange onboardings, VCM will expand access to high-integrity carbon credits, strengthen regional and international market connectivity, and support companies seeking to align their climate strategies with transparent market mechanisms.
Fadi Saadeh, Chief Executive Officer of VCM, said:
"Our expansion in the UK and European markets is an important step in VCM’s journey to build a truly global and interconnected carbon market. By welcoming a diverse set of partners and exchange participants from across project development, brokerage and buyer communities, we are strengthening the foundations of a market that can support real climate action across regions. These announcements build on our growing engagement in Asia and North America, and reflect the confidence international participants place in Saudi Arabia’s role in developing transparent, high-integrity carbon market infrastructure."
Ramazan Aslan, Director of EOS, said:
"We are pleased to partner with VCM as it expands its international marketplace. This collaboration provides an opportunity to support greater transparency, access and participation in voluntary carbon markets across the UK, Europe and the Middle East."
Paul Jackman, Managing Director of Tramontana, said:
"We are delighted to work alongside VCM to champion transparency and credibility in the voluntary carbon market. This collaboration brings together regional market leadership with world-class project execution and rigor. By aligning our strengths, we aim to set new benchmarks for asset quality and market access, ultimately accelerating practical, scalable solutions for a low-carbon future"
"As the environmental market matures, credible exchange infrastructure is what gives it depth and integrity, connecting project developers, intermediaries and buyers. VCM is building exactly that, an exchange that can anchor the market across the region and beyond. We’re proud to partner with them and to bring both sides of what we do to it: high-integrity supply across the voluntary market, insetting and Article 6, and the structuring that helps corporates actually meet their targets" commented Thierry Bolle-Picard, Co-Founder and Chief Commercial Officer of Sentinel Earth
Following the collaboration announced with VCM last year, Altitude will also join the VCM exchange, marking a further step in the relationship and broadening participation on the platform.
Benjamin Schulz, CEO & Founder of Altitude, said:
"Following our successful collaboration with VCM announced last year, joining the exchange to offer CDRs from Altitudes high volume portfolio represents an important next step in our relationship. We are pleased to deepen our engagement with VCM and support the growth of an interconnected marketplace for high-integrity carbon credits." VCM launched Saudi Arabia’s first voluntary carbon credit exchange platform in November 2024. The platform is designed to support a transparent, scalable and increasingly liquid marketplace through institutional-grade infrastructure, price and data discovery, integration with global registries, and multiple trading mechanisms including auctions and request-for-quote functionality.
As voluntary carbon markets continue to evolve, VCM is working to connect international supply with regional and global demand, helping organizations access credible climate solutions while supporting the Kingdom’s broader sustainability, investment and Vision 2030 ambitions.
