Atunlo Sustech Initiates CarbonScope360 Pilot Following Nigeria's Carbon Trading Framework Approval
Atunlo Sustech, a prominent firm in the sustainability sector, has commenced a pilot program for CarbonScope360, an innovative carbon measurement and data initiative. This strategic move comes in the wake of the recent approval of Nigeria's national carbon trading framework, signaling a significant step forward in the country's climate technology landscape.
Expansion into Climate Technology with Corporate Participation
The pilot involves a select group of corporate participants, marking Atunlo Sustech's deliberate expansion into the burgeoning field of climate technology. As regulatory structures for carbon markets are being established across Nigeria, this initiative positions the company at the forefront of environmental data management. CarbonScope360 is specifically designed to support comprehensive emissions tracking, measure avoided emissions, and enhance carbon data readiness. It focuses on circular economy models and related value chains, providing businesses with the tools needed for accurate environmental reporting.
Enhancing Efficiency and Transparency in Climate Data
In a statement regarding the pilot, Ayo Ogunlowo, co-founder and Chief Operating Officer of Atunlo Sustech, emphasized that the initiative aims to improve efficiency and transparency in how climate-related data is generated and utilized within the Nigerian economy. He highlighted that this effort is crucial for companies preparing their operational data to meet compliance requirements, facilitate disclosures, and potentially engage in regulated carbon markets. The growing interest among Nigerian corporations in these areas underscores the importance of robust data systems in the fight against climate change.
Building on Existing Recycling Operations
Atunlo Sustech's foray into climate technology builds upon its established recycling operations, which have already made a substantial environmental impact. The company has successfully recovered more than 150 million plastic bottles and disbursed over ₦1.1 billion through its extensive collection network. This operational footprint provides a solid foundation of real economic activity and data, which can now be leveraged for carbon measurement and reporting as the market evolves. CarbonScope360 is engineered to link this tangible activity to verifiable carbon data, ensuring that operational systems align with the emerging regulatory expectations set forth by Nigeria's carbon trading framework.
This pilot represents a pivotal development in Nigeria's environmental sector, combining technological innovation with practical sustainability efforts to drive forward the nation's climate goals.
