The Ministry highlighted the program’s role as a milestone, delivering the country’s first carbon neutrality certifications backed by rigorous verification mechanisms involving multiple stakeholders, including academia and evaluation bodies. Over 600 organizations participate nationally, with 42 recognized in the latest cycle, signaling a measurable commitment among the private sector toward climate action integrated with corporate strategy.
Xavier Granja, Yanbal’s Legal and Sustainability Manager, emphasized that emission reduction transcended operational optimization, reinforcing the company’s market positioning and planetary responsibility. Achievements include a 45% reduction in Yanbal’s carbon footprint since 2019, targeting a 72% cut by 2035. These figures situate Yanbal as a leading example in Ecuador’s broader transition toward sustainable production models aligned with both national policies and global market demands.
Notably, Ecuador’s carbon market development continues despite regulatory hurdles such as the presidential veto of environmental code reforms, while pilot carbon offset projects are emerging, supported by partnerships with entities like the United Nations Development Programme. The PECC’s multi-level certification framework offers scalability for participating businesses, facilitating access to environmental incentives without associated government fees. Yanbal’s recognition underlines the increasing integration of carbon management into business value creation in the Ecuadorian market.
This article was curated and published as part of our South American energy market coverage.
