Green Earth Group NV

Environmental & Social Information • Dec 23, 2024

Press Release

Greenzone Reforestation Project achieves Verified Carbon Standard validation

23 December 2024 | 08:00h CET

DGB Group N.V. ("DGB" or "the Group") (Euronext: DGB: NL000916951), a leading carbon project developer and ecosystem restoration company, in collaboration with project partner Climate Investment Partners, successfully received certification and registration from Verra's Verified Carbon Standard (VCS) for its Greenzone Reforestation Project in Cameroon, Project ID 4176 ("the Project"). By completing the validation phase, the project is now eligible to claim verified carbon units over its lifetime.

Key highlights

• Project scope: The Project's feasibility study was finalised in Q3 2021 and was launched in the centre region of Cameroon. This large-scale, nature-based initiative aims to restore nature, create forests, and promote sustainable development by planting millions of trees, protecting biodiversity, increasing water security, and providing a better quality of life for local communities. The Project is the largest registered carbon project in the country and hosts the second-largest tree nursery.
• Expected units: The Project aims to plant over 9.1 million trees across 20,500 hectares, capturing a total of 7.8 million tonnes of CO₂ over the Project's lifetime, producing an average of 191,000 high-quality Afforestation/Reforestation (AR) carbon units annually.
• Unit sales: DGB has not entered into any forward sales agreements for carbon units yet and retains full ownership of 100% of the Project's anticipated carbon units, which are now available for sale.
• Valuation and risk: As of 30 June 2024, the total value of DGB's project pipeline reached €29.55 million (+24.8% year-on-year ("YoY") growth). The Group's total asset value rose to €34.93 million (+19.7% YoY growth), bringing DGB's net asset value (NAV or 'book value') per share to €2.31. The successful validation of the Project lowers its risk parameters, raising the Project's estimated total asset

value—adjusted for risk—from €5.8 million to €8.1 million, increasing the asset value per share by €0.20.

● Timeline and prospects: DGB is dedicated to scaling the Project's impact through maximised tree-planting efforts, aiming to reforest as much of the designated area as possible in the coming years. The first issuance of verified carbon units is projected for 2027, encompassing all vintages accrued since the Project's initiation.

Project issuance profile

Since initiating its first project in 2020, DGB has expanded to oversee a portfolio of large-scale projects under management and in operation. Given the two to six-year design, development, and financing period required before projects begin generating carbon units, DGB is now entering the revenue-generating phase. DGB's first carbon units from its own pipeline were issued in December 2024. For further details on our active projects and development pipeline, please refer to our Projects page and Pipeline page.

Links

• Project page
• Recent Project update
• Verra VCS listing

Photos and media

Contact details

DGB GROUP NV press@dgb.earth +31108080126

About DGB

DGB is a project developer of high-quality, large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net zero.

Global megatrends drive the demand for carbon units and underpin growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. www.green.earth

Disclaimer

This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB's management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of DGB's services and products is subject to its General Terms and Conditions.

Greenzone Reforestation Project gevalideerd door de Verified Carbon Standard

23 december 2024 | 08:00 uur CET

DGB Group N.V. ("DGB" of "de Groep") (Euronext: DGB: NL000916951), een toonaangevende ontwikkelaar van CO₂-projecten en bedrijf voor ecosysteemherstel, heeft in samenwerking met projectpartner Climate Investment Partners succesvol certificering en registratie verkregen van Verra's Verified Carbon Standard (VCS) voor het Greenzone Reforestation Project in Kameroen, Project ID 4176 ("het Project"). Met het afronden van de validatiefase is het project nu gerechtigd om gedurende de looptijd geverifieerde CO₂-certificaten genereren.

Belangrijkste punten

• Omvang van het project: De haalbaarheidsstudie van het project dat in de centrale regio van Kameroen werd gelanceerd, werd in Q3 van 2021 afgerond. Dit grootschalige natuurproject heeft als doel de natuur te herstellen, bossen te creëren en duurzame ontwikkeling te bevorderen door miljoenen bomen te planten, biodiversiteit te beschermen, waterzekerheid te vergroten en de levenskwaliteit van lokale gemeenschappen te verbeteren. Het project is het grootste geregistreerde CO₂-project in het land en beschikt over de op een na grootste boomkwekerij van Kameroen.
• Verwachte certificaten: Het project beoogt meer dan 9,1 miljoen bomen te planten op 20.500 hectare land, waarmee gedurende de looptijd van het project in totaal 7,8 miljoen ton CO₂ wordt vastgelegd. Dit levert jaarlijks gemiddeld 191.000 hoogwaardige CO₂-certificaten uit bebossing en herbebossing (AR) op.
• Verkoop van certificaten: DGB heeft voor de CO₂-certificaten geen vooraf afgesloten verkoopovereenkomsten en behoudt het volledige eigendom van 100% van de verwachte CO₂-certificaten van het project, die nu voor verkoop beschikbaar zijn.
• Waardering en risico: Op 30 juni 2024 bereikte de totale waarde van DGB's projectpijplijn €29,55 miljoen (+24,8% groei op jaarbasis). De totale activawaarde van de Groep steeg naar €34,93 miljoen (+19,7% groei op jaarbasis), waarmee de 'net asset value' (NAV of 'boekwaarde') per aandeel DGB op €2,31 uitkwam. De succesvolle validatie van het Project verlaagt de risicoparameters, waardoor de geschatte totale activawaarde van het project – aangepast voor risico – van €5,8 miljoen naar €8,1 miljoen stijgt, wat de activawaarde per aandeel met €0,20 verhoogt.
• Tijdlijn en vooruitzichten: DGB zet zich in om de impact van het project te vergroten door de inspanningen voor boomaanplant te maximaliseren, met als doel in de komende jaren zoveel mogelijk van het aangewezen gebied te herbebossen. De eerste uitgifte van geverifieerde CO₂-certificaten wordt in 2027

verwacht en omvat alle vintages die sinds de start van het project zijn opgebouwd.

Uitgifteprofiel van het project

Sinds de start van het eerste project in 2020 heeft DGB zijn activiteiten uitgebreid tot een portfolio van grootschalige projecten in beheer en uitvoering. Aangezien er een ontwerp-, ontwikkelings- en financieringsperiode van twee tot zes jaar nodig is voordat projecten CO₂-certificaten beginnen te genereren, gaat DGB nu de fase in waarin omzet wordt gegenereerd. DGB's eerste CO₂-certificaten uit de eigen pijplijn werden in December 2024 uitgegeven. Voor meer informatie verwijzen wij u graag naar onze projectpagina en projectpijplijn.

Links

• Projectpagina
• Recente projectupdate
• Verra VCS notering

Afbeeldingen en media

Contact bij persvragen

DGB GROUP NV press@dgb.earth +31108080126

Bezoek onze website: https://www.green.earth/nl

Over DGB

DGB is een ontwikkelaar van hoogwaardige, grootschalige CO₂- en biodiversiteitsprojecten die door derden worden geaccrediteerd. De Groep richt zich op natuurbehoud en het bevorderen van biodiversiteit door overheden en bedrijven te ondersteunen bij het behalen van klimaatneutraliteit. Wereldwijde megatrends drijven de vraag naar CO₂-certificaten en ondersteunen groeikansen. DGB GROUP NV is een beursgenoteerd bedrijf dat wordt verhandeld op de hoofdbeurs van de Nederlandse effectenbeurs Euronext Amsterdam onder tickersymbool AEX:DGB en ISIN-code NL0009169515. www.green.earth/nl

Disclaimer

This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB's management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of DGB's services and products is subject to its General Terms and Conditions.