Carbon credits, sourced and traded.
We originate and trade verified carbon credits for airlines, corporates and governments, and build the funds and programmes that bring new supply to market.
- Origination
- Structuring
- Custody
- Retirement
Empowering Tomorrow, Today
Inter Globe Flow is a trading firm with a presence across Europe, the Middle East, Africa and Asia, and a network of partners in more jurisdictions. We source, structure and trade carbon credits, renewable energy, currency and gold for institutional, corporate and sovereign counterparties.
8Countries
4Verticals
2023Founded
Where we trade
Trading in eight countries, with a network across more jurisdictions.
Europe
Middle East
Africa
Asia
Countries where we actively trade
Beyond these eight countries, we work through a network of banks, institutional funds and trading partners in more jurisdictions, which we draw on for liquidity, settlement and sourcing when a trade needs it.
Select a country or a vertical to see where each part of the business trades.
What we trade
Four verticals, one trading desk.
Each vertical stands on its own. Together they let a counterparty move between carbon, energy, currency and metal with one firm.
Renewable power, financed and certified.
We develop and finance renewable generation in African markets, structure biofuel projects, and source the certificates that prove clean energy was produced.
- Hydropower
- Hybrid solar
- Certificates
- Biofuels
Major currencies and hard-to-reach markets.
We trade the main currencies through our liquidity providers, and design solutions for markets where liquidity is low, working with banks, fintechs and institutional funds.
- Major currency trading
- Low-liquidity markets
- Emerging-market settlements
- Hedging
Gold, brokered and traded.
We broker physical gold between producers and buyers, and buy on our own book when prices between markets allow an arbitrage trade.
- Brokerage
- Own-book arbitrage
- Due diligence
- Assay-based pricing
8Countries
Where we actively trade, with a network in more jurisdictions.
4Regions
Europe, the Middle East, Africa and Asia.
4Verticals
Carbon, energy, FX, commodities.
2023Founded
Founded in 2023, Amsterdam.
The company
A trading firm built on discipline and trust.
Founded in Amsterdam in 2023, Inter Globe Flow connects producers, funds and buyers across four verticals. Every trade is documented, checked and settled on agreed terms.
About Inter Globe FlowIntegrity
We say what we can deliver, and we document what we did.
Compliance
KYC, AML and sanctions checks on every counterparty before a first trade.
Partnership
Long-term relationships with producers, funds and buyers in each market.
Execution
Clear terms, agreed settlement and reporting to both sides of a trade.
Who we work with
Institutional investors
Funds and asset managers seeking exposure or liquidity.
Corporates
Buyers of carbon credits, energy certificates and FX solutions.
Sovereign entities
Governments and state bodies with carbon and energy mandates.
Project developers
Renewable and carbon projects that need finance and offtake.
Commodity counterparties
Producers, refiners and traders of physical gold.
Projects
Work on the ground.
Assets and transactions we develop, finance or run ourselves. Services we offer to clients are listed separately.
Project · ActiveMozambique
Hydro and solar project, Mozambique
Mozambique
- Identified
- Development
- Financing
- Construction
- Operation
Stage · Development
- Technology
- Hydro and solar
- Outputs
- Power · I-RECs · carbon credits
- IGF role
- Developer
Project · CompletedMalawi
Carbon project financing, Malawi
Malawi
- Mandate
- Structuring
- Financing closed
Stage · Completed
- Type
- Carbon credit project
- Financing
- Multi-million USD, closed
- IGF role
- Financing broker
Investment vehicles
Carbon as an asset class, held in a vehicle built for you.
Our investment vehicles give institutions exposure to verified carbon credits through custom funds and diversified portfolios, reported position by position.
- Custom carbon funds
- Diversified portfolios
- Verified credits only
- Position-level reporting
How a trade works
From origination to settlement.
- 01
Originate
Source assets at the point of production or issuance.
- 02
Verify
Documentation, registry checks and counterparty due diligence.
- 03
Structure
Price, currency, delivery and payment terms agreed up front.
- 04
Trade
Execution with buyers, sellers and liquidity providers.
- 05
Settle
Delivery against payment, then reporting to both sides.
About Inter Globe Flow
A trading firm for carbon, energy, currency and gold.
Inter Globe Flow is headquartered in Amsterdam and trades in eight countries across Europe, the Middle East, Africa and Asia, supported by a network of banks, institutional funds and partners in more jurisdictions.
2023
Founded
Amsterdam
Headquarters, the Netherlands
8 countries
Across four regions, plus a wider network
4 verticals
Carbon · Energy · FX · Commodities
2023
Founded in Amsterdam to trade carbon, energy, currency and gold with the documentation and discipline that institutions expect.
Our approach
How we work.
Four principles apply to every trade, in every vertical and every market.
Integrity
We say what we can deliver, and we document what we did.
Compliance
KYC, AML and sanctions checks on every counterparty before a first trade.
Partnership
Long-term relationships with producers, funds and buyers in each market.
Execution
Clear terms, agreed settlement and reporting to both sides of a trade.
Leadership
Led from Amsterdam.
Florian Gläsner
Founder & Chief Executive Officer
Florian brings nine years of commercial experience, including institutional FX and enterprise sales, to Inter Globe Flow, which he founded in 2023.
At IGF he leads the firm’s trading relationships across carbon, energy, FX and commodities, structuring transactions and arranging financing with institutional investors, banks and project partners in Europe, the Middle East, Africa and Asia.
Governance
Checks before every trade.
Counterparty due diligence
KYC, AML and sanctions screening before any counterparty is onboarded.
Documented origin
Licences and origin records for every physical lot we trade.
Verified units
Only registry-issued, verified carbon credits and energy certificates.
Secured settlement
Escrow and agreed settlement terms instead of advance payments.
Who we work with
Institutional investors
Funds and asset managers seeking exposure or liquidity.
Corporates
Buyers of carbon credits, energy certificates and FX solutions.
Sovereign entities
Governments and state bodies with carbon and energy mandates.
Project developers
Renewable and carbon projects that need finance and offtake.
Commodity counterparties
Producers, refiners and traders of physical gold.
Presence
Eight countries, four regions.
Europe
- Netherlands
- Luxembourg
Middle East
- United Arab Emirates
Africa
- Zambia
- Mozambique
- Malawi
- South Africa
Asia
- India
Services
What we offer our clients.
Services across four verticals, available to institutional, corporate and sovereign counterparties. For assets we develop and run ourselves, see Projects.
Carbon
Carbon credits, sourced and traded.
A carbon credit is a certificate for one tonne of carbon dioxide, or the same effect from other greenhouse gases, that was kept out of the atmosphere or taken out of it. Companies, airlines and governments buy credits to meet climate targets and obligations. Inter Globe Flow works on both sides of that market. We source credits from verified projects, often at the moment they are issued, and sell them to buyers who need a specific type, vintage or standard. We also finance and support new projects, such as reforestation and community farming programmes, so that more high-quality supply reaches the market.
- OriginationCredits sourced at issuance from verified nature-based, biochar and community projects.
- StructuringForward purchases, offtakes and mandate terms built around each buyer.
- CustodyRegistry accounts reconciled and reported to each client.
- RetirementCredits retired on the client’s behalf, with serial numbers on record.
- FundsCarbon funds and portfolios for institutional allocators.
- Community programmesCarbon programmes that pay farmers and communities for verified results.
Service · Carbon
Responsible reforestation
Nature-based carbon projects
Learn moreService · Carbon
Alternative farming
Soil and community carbon programmes
Learn moreService · Carbon
Carbon investment vehicles
Funds and mandates for allocators
Learn moreGuide · Carbon
Carbon credits explained
A short guide
Learn moreEnergy
Renewable power, financed and certified.
Renewable energy needs two things to grow: money to build the plants, and a way to prove that the power they produce is clean. We work on both. In Mozambique we develop and arrange finance for hydropower and solar, starting with a hydro and solar project that is now in development. Projects like this can also produce carbon credits through community programmes.
- HydropowerDeveloping and financing hydropower plants.
- Hybrid solarSolar added to hydro sites to firm up output across the year.
- CertificatesProcurement and retirement of I-RECs, GOs and RECs.
- BiofuelsProject finance from feedstock to distribution.
- OfftakePower purchase agreements with national utilities.
- CarbonCarbon credits from the same generation.
FX
Major currencies and hard-to-reach markets.
Moving money between currencies is simple for the main pairs and difficult in many emerging markets. We handle both. For the main currencies, such as the euro, the US dollar and the pound, we trade spot and forward through our liquidity providers, with competitive pricing and agreed settlement.
- Major currency tradingSpot and forward trades in the main currencies through our liquidity providers.
- Low-liquidity marketsSolutions for currencies where liquidity is thin or restricted.
- Emerging-market settlementsPayments into and out of frontier markets without long correspondent chains.
- HedgingForwards and options that protect margins against currency moves.
- Local currency solutionsCollection and payment in the counterparty’s own currency.
- Receivables fundingEarly payment against confirmed receivables.
- Supply chain financeWorking capital for the suppliers behind a trade.
- Treasury structuringCurrency, timing and settlement built into a transaction from the start.
- ComplianceKYC, sanctions and documentation handled up front.
Commodities
Gold, brokered and traded.
Our commodities work focuses on physical gold, including doré, the semi-pure bars that come straight from a mine. We trade gold in two ways. As a broker, we match a producer or seller with a buyer and manage the trade between them. On our own book, we buy gold ourselves when the price difference between two markets allows a clean arbitrage trade.
- BrokerageMatching producers and buyers of physical gold, and managing the trade between them.
- Own-book arbitrageBuying on our own book where the price gap between markets allows a clean trade.
- Due diligenceCounterparty, licence and origin checks before a first lot.
- Assay-based pricingPrice set on fine gold content confirmed by assay.
- LogisticsDocumented export, insured transport and delivery.
- Payment securityEscrow structures in place of advance payments.
Projects
Projects we develop, finance and run.
A project is an asset or transaction where IGF has its own role and stake. For what we offer to clients, see Services.
| Project | Country | Vertical | Stage | IGF role |
|---|---|---|---|---|
| Hydro and solar project, Mozambique | Mozambique | EnergyCarbon | Development | Developer and arranger |
| Carbon project financing, Malawi | Malawi | Carbon | Completed | Financing broker |
Project · ActiveMozambique
Hydro and solar project, Mozambique
Mozambique
- Identified
- Development
- Financing
- Construction
- Operation
Stage · Development
- Technology
- Hydro and solar
- Outputs
- Power · I-RECs · carbon credits
- IGF role
- Developer
Project · CompletedMalawi
Carbon project financing, Malawi
Malawi
- Mandate
- Structuring
- Financing closed
Stage · Completed
- Type
- Carbon credit project
- Financing
- Multi-million USD, closed
- IGF role
- Financing broker
Vertical · Carbon
Carbon credits, sourced and traded.
We originate and trade verified carbon credits for airlines, corporates and governments, and build the funds and programmes that bring new supply to market.
1 credit
One tonne of CO2e avoided or removed
Standards
Verra VCS · Gold Standard
Compliance
CORSIA-eligible units for aviation
1 tCO2e
Every credit we trade is backed by a registry serial number, a verification report and one tonne of CO2e that was avoided or removed.
In plain words
How carbon trading works.
A carbon credit is a certificate for one tonne of carbon dioxide, or the same effect from other greenhouse gases, that was kept out of the atmosphere or taken out of it. Companies, airlines and governments buy credits to meet climate targets and obligations.
Inter Globe Flow works on both sides of that market. We source credits from verified projects, often at the moment they are issued, and sell them to buyers who need a specific type, vintage or standard. We also finance and support new projects, such as reforestation and community farming programmes, so that more high-quality supply reaches the market.
Every credit we handle has a registry serial number and a verification report. When a buyer uses a credit, we retire it in their name so the same tonne cannot be claimed twice.
Who it is for
- Airlines that need CORSIA-eligible units
- Companies with voluntary climate targets
- Governments and state bodies with carbon mandates
- Institutional investors looking for carbon exposure
- Project developers who need finance or a buyer
What you get
- Credits matched to your standard, vintage and project type
- Clear documentation for every lot
- Retirement in your name, with serial numbers on record
- Reporting you can use in your climate disclosures
Services
What we do in carbon.
Origination
Credits sourced at issuance from verified nature-based, biochar and community projects.
Structuring
Forward purchases, offtakes and mandate terms built around each buyer.
Custody
Registry accounts reconciled and reported to each client.
Retirement
Credits retired on the client’s behalf, with serial numbers on record.
Funds
Carbon funds and portfolios for institutional allocators.
Community programmes
Carbon programmes that pay farmers and communities for verified results.
Process
The life of a credit.
- 01
Project
A forest, farm or plant avoids or removes CO2.
- 02
Verification
An accredited auditor checks the tonnes.
- 03
Issuance
The standard issues one credit per tonne.
- 04
Registry
Credits are held with a serial number.
- 05
Retirement
The buyer retires the credit to claim it.
What is the difference between avoidance and removal credits?
Avoidance credits come from emissions that were prevented, for example by renewable power or clean cookstoves. Removal credits come from carbon taken out of the air, for example by growing trees or storing carbon in soil. Both are counted in tonnes of CO2e.
Which standards do you work with?
We work with credits issued under recognised standards such as Verra (VCS) and Gold Standard, and with CORSIA-eligible units for aviation.
Can you retire credits on our behalf?
Yes. We retire credits in your name in the relevant registry and give you the serial numbers and retirement records.
Do you offer carbon as an investment?
Yes, through our investment vehicles: custom funds and portfolios of verified credits for institutional and professional investors.
Projects
Carbon projects.
Project · ActiveMozambique
Hydro and solar project, Mozambique
Mozambique
- Identified
- Development
- Financing
- Construction
- Operation
Stage · Development
- Technology
- Hydro and solar
- Outputs
- Power · I-RECs · carbon credits
- IGF role
- Developer
Project · CompletedMalawi
Carbon project financing, Malawi
Malawi
- Mandate
- Structuring
- Financing closed
Stage · Completed
- Type
- Carbon credit project
- Financing
- Multi-million USD, closed
- IGF role
- Financing broker
Services
Carbon services.
Service · Carbon
Responsible reforestation
Nature-based carbon projects
Learn moreService · Carbon
Alternative farming
Soil and community carbon programmes
Learn moreService · Carbon
Carbon investment vehicles
Funds and mandates for allocators
Learn moreGuide · Carbon
Carbon credits explained
A short guide
Learn moreOther verticals
Vertical · Energy
Renewable power, financed and certified.
We develop and finance renewable generation in African markets, structure biofuel projects, and source the certificates that prove clean energy was produced.
1 certificate
One megawatt-hour of renewable power
Technologies
Hydro · solar · wind · biofuels
Focus
Mozambique and southern Africa
1 MWh
Each energy attribute certificate stands for one megawatt-hour of renewable power, tracked from the meter to the company that claims it.
In plain words
How our energy work fits together.
Renewable energy needs two things to grow: money to build the plants, and a way to prove that the power they produce is clean. We work on both.
In Mozambique we develop and arrange finance for hydropower and solar, starting with a hydro and solar project that is now in development. Projects like this can also produce carbon credits through community programmes.
For companies that want to show their electricity comes from renewable sources, we buy and retire energy attribute certificates (I-RECs, Guarantees of Origin and RECs). One certificate stands for one megawatt-hour of renewable power. We also structure finance for biofuel projects, from feedstock to distribution.
Who it is for
- Companies reporting renewable electricity use
- Utilities and power buyers
- Development finance institutions and co-investors
- Biofuel producers and project sponsors
What you get
- Certificates matched by technology, country and vintage
- Redemption statements for your sustainability report
- Structured project finance for new capacity
- Offtake and financing arrangements lenders can rely on
Services
What we do in energy.
Hydropower
Developing and financing hydropower plants.
Hybrid solar
Solar added to hydro sites to firm up output across the year.
Certificates
Procurement and retirement of I-RECs, GOs and RECs.
Biofuels
Project finance from feedstock to distribution.
Offtake
Power purchase agreements with national utilities.
Carbon
Carbon credits from the same generation.
Process
From turbine to certificate.
- 01
Generate
A plant produces renewable electricity.
- 02
Meter
Output is measured at the grid connection.
- 03
Issue
One certificate is issued per MWh.
- 04
Transfer
Certificates move to the buyer’s account.
- 05
Redeem
The buyer cancels them against its consumption.
What is an energy attribute certificate?
It is proof that one megawatt-hour of electricity was produced from a renewable source. When a company redeems a certificate against its own use, it can report that electricity as renewable.
Which certificate do I need?
It depends on where your electricity is used. I-RECs are used across Africa, Asia and Latin America, Guarantees of Origin in Europe, and RECs in the United States and Canada.
Where are your energy projects?
Our current development is in Mozambique, where we focus on hydropower, solar and carbon.
Do you finance biofuel projects?
Yes. We structure project finance and offtake for biofuels, including ethanol, biodiesel, biogas and sustainable aviation fuel.
Projects
Energy projects.
Services
Energy services.
Service · Energy
Energy attribute certificates
I-REC · GO · REC markets
Learn moreService · Energy
Biofuels
Project finance · feedstock to distribution
Learn moreOther verticals
Vertical · FX
Major currencies and hard-to-reach markets.
We trade the main currencies through our liquidity providers, and design solutions for markets where liquidity is low, working with banks, fintechs and institutional funds.
Major currencies
Traded through our liquidity providers
Low-liquidity markets
Tailored solutions in Africa and Asia
Partners
Banks, fintechs and institutional funds
2 tracks
The main currencies through our liquidity providers, and tailored solutions for markets where liquidity is thin.
In plain words
Currency, from major pairs to frontier markets.
Moving money between currencies is simple for the main pairs and difficult in many emerging markets. We handle both.
For the main currencies, such as the euro, the US dollar and the pound, we trade spot and forward through our liquidity providers, with competitive pricing and agreed settlement.
For currencies where banks quote thinly or not at all, we design a solution around your flow. We map where the money needs to go and what stands in the way, then match the programme with banks, fintechs and institutional funds, including funds in Luxembourg that provide liquidity for trades.
Who it is for
- Companies paying or collecting in emerging-market currencies
- Commodity and trade counterparties
- Funds and institutions with cross-border flows
- Businesses that want to protect margins from currency moves
What you get
- Pricing and execution in the main currencies
- A tailored programme for low-liquidity markets
- Settlement on agreed terms, with shorter payment chains
- Hedging with forwards to protect against currency moves
Two tracks
From major pairs to frontier currencies.
Track 1
Major currencies
We trade the main currencies, spot and forward, through our liquidity providers, with competitive pricing and agreed settlement.
- EUR · USD · GBP and other majors
- Spot, forwards and hedging
- Execution through liquidity providers
Track 2
Low-liquidity markets
Where banks quote thinly or not at all, we design a solution around the flow, matched with banks, fintechs and institutional funds.
- African and Asian frontier currencies
- Local currency collection and payment
- Receivables and supply chain finance
Services
What we do in FX.
Major currency trading
Spot and forward trades in the main currencies through our liquidity providers.
Low-liquidity markets
Solutions for currencies where liquidity is thin or restricted.
Emerging-market settlements
Payments into and out of frontier markets without long correspondent chains.
Hedging
Forwards and options that protect margins against currency moves.
Local currency solutions
Collection and payment in the counterparty’s own currency.
Receivables funding
Early payment against confirmed receivables.
Supply chain finance
Working capital for the suppliers behind a trade.
Treasury structuring
Currency, timing and settlement built into a transaction from the start.
Compliance
KYC, sanctions and documentation handled up front.
Process
How a programme is built.
- 01
Discover
We map the flows, currencies and constraints.
- 02
Design
A liquidity programme is drawn up.
- 03
Match
Banks, fintechs or funds are matched to it.
- 04
Onboard
Accounts, KYC and documents are set up.
- 05
Execute
Funding and settlement run, and are monitored.
Corridors
Where the money moves.
Programmes connect euro and dollar liquidity in Europe and the Gulf with local currencies in southern Africa and Southeast Asia.
Which currencies do you trade?
The main currencies, such as EUR, USD and GBP, through our liquidity providers, and a range of emerging-market currencies through tailored solutions.
What is a low-liquidity market?
A currency that is hard to buy or sell in size, because few banks quote it, prices move a lot or rules limit how money can leave the country.
How long does it take to set up a programme?
It depends on the currencies and the partners involved. We start with a discovery call to map your flows, then propose a programme and a timeline.
Do you offer hedging?
Yes. We use forwards and other instruments to protect margins against sharp currency moves.
Services
FX services.
Other verticals
Vertical · Commodities
Gold, brokered and traded.
We broker physical gold between producers and buyers, and buy on our own book when prices between markets allow an arbitrage trade.
Metal
Physical gold, including doré
Model
Brokerage · own-book arbitrage
Markets
Zambia · South Africa · UAE through partners
Au
We broker gold between producers and buyers, or buy it on our own book when prices between markets allow a clean arbitrage.
In plain words
How we trade gold.
Our commodities work focuses on physical gold, including doré, the semi-pure bars that come straight from a mine.
We trade gold in two ways. As a broker, we match a producer or seller with a buyer and manage the trade between them. On our own book, we buy gold ourselves when the price difference between two markets allows a clean arbitrage trade.
Every lot is checked before we trade: the licences, the origin and the counterparties. Price is set on the fine gold content confirmed by assay, and payment is protected with escrow instead of advance payments. We trade in Zambia and South Africa, and in the UAE through our trading partners.
Who it is for
- Licensed gold producers and exporters
- Refiners and bullion buyers
- Trading houses looking for verified supply
What you get
- A counterparty that checks licences and origin first
- Pricing based on the gold actually in the bar
- Escrow-protected payment
- Documented export and insured logistics
Services
What we do in commodities.
Brokerage
Matching producers and buyers of physical gold, and managing the trade between them.
Own-book arbitrage
Buying on our own book where the price gap between markets allows a clean trade.
Due diligence
Counterparty, licence and origin checks before a first lot.
Assay-based pricing
Price set on fine gold content confirmed by assay.
Logistics
Documented export, insured transport and delivery.
Payment security
Escrow structures in place of advance payments.
Process
How a gold trade works.
- 01
Source
A seller or producer is identified.
- 02
Verify
Licences, origin and counterparties are checked.
- 03
Price
Price is set on assayed fine gold content.
- 04
Trade
Brokered between parties, or bought on our own book.
- 05
Settle
Payment is released against delivery and assay.
Route
Southern Africa to the Gulf.
Gold is traded in Zambia and South Africa, with routes to Dubai through our trading partners.
What is doré?
Doré is a semi-pure gold bar produced at a mine. It contains gold, silver and other metals, so its value depends on the assay.
What does “priced on assay” mean?
An independent laboratory measures how much fine gold the bar contains. The price is based on that result, not on the weight of the bar alone.
Do you have an entity in the UAE?
No. In the UAE we work through established trading partners.
How is payment secured?
We use escrow structures, so funds are released against delivery and assay rather than paid in advance.
Services
Commodities services.
Energy attribute certificates
I-REC · GO · REC markets
Energy attribute certificates prove that a specific amount of electricity came from a renewable source. We procure them, retire them on your behalf and deliver the reporting.
Key facts
| Unit | One certificate per megawatt-hour |
|---|---|
| Types | I-REC · Guarantees of Origin · RECs |
| Use | Scope 2 reporting and renewable claims |
| Service | Procurement, retirement and reporting |
Procurement
Sourced by technology, country and vintage to match your claim.
Certification and reporting
Redemption statements ready for your sustainability report.
New capacity
Certificates from new African plants support further build-out.
In plain words
About this service.
Energy attribute certificates let a company show that the electricity it uses comes from renewable sources. Each certificate stands for one megawatt-hour of renewable power, produced by a specific plant in a specific period.
We buy certificates that match your needs, by technology, country and vintage, and redeem them in your name. You receive a redemption statement you can use in your sustainability report and for Scope 2 reporting.
Where possible, we source certificates from new renewable plants in Africa, so your purchase also supports new clean capacity.
Who it is for
- Companies with renewable electricity targets
- Businesses reporting Scope 2 emissions
- Buyers with operations in several countries
What you get
- Certificates of the right type for each country
- Redemption in your name
- Redemption statements for reporting
- Advice on which certificate fits which claim
Certificate types
I-RECInternational
Used across Africa, Asia and Latin America.
GOEurope
Guarantees of Origin under the EU framework.
RECNorth America
Renewable Energy Certificates in the US and Canada.
How it works
Step by step.
- 01
Generate
Renewable plant produces power.
- 02
Meter
Output is measured and reported.
- 03
Issue
One certificate per MWh.
- 04
Transfer
Moved to your account.
- 05
Redeem
Cancelled against your use.
Is a certificate the same as a carbon credit?
No. A certificate proves that electricity was renewable. A carbon credit represents a tonne of CO2e avoided or removed. They serve different claims.
Can you cover several countries at once?
Yes. We match the certificate type to the country where each site uses its electricity.
Biofuels
Project finance · feedstock to distribution
We finance and structure biofuel projects, from feedstock sourcing to production and distribution, so producers can meet renewable fuel mandates and buyers can cut emissions.
Key facts
| Scope | Feedstock, production and distribution |
|---|---|
| Fuels | Ethanol · biodiesel · biogas · SAF |
| Drivers | Renewable fuel mandates and aviation targets |
| Service | Project finance and offtake structuring |
Lower emissions
Fuels made from waste and crops instead of fossil feedstock.
Mandates
Blending and aviation targets create steady demand.
Bankable projects
Contracts structured so lenders can finance the plant.
In plain words
About this service.
Biofuels are fuels made from plants, waste and residues instead of oil. They can be blended into petrol, diesel and jet fuel, or used for power and heat.
We structure finance for biofuel projects across the full chain: securing feedstock, financing the production plant, arranging offtake with buyers, and capturing the certification and compliance value the fuel creates.
Blending mandates and aviation targets create steady demand for these fuels. Our role is to turn that demand into contracts that lenders and investors can finance.
Who it is for
- Biofuel project sponsors and producers
- Fuel distributors with blending obligations
- Lenders and investors in energy projects
What you get
- A financing structure for the plant
- Feedstock and offtake contracts
- Support with certification and compliance value
Types of biofuel
EthanolCorn, sugarcane
Blended into petrol.
BiodieselVegetable oils, recycled fats
Blended into diesel.
BiogasOrganic waste, landfill
Power, heat or upgraded gas.
SAFWaste oils, residues
Sustainable aviation fuel.
How it works
Step by step.
- 01
Feedstock
Secure supply contracts.
- 02
Production
Finance the plant.
- 03
Distribution
Structure offtake.
- 04
Certification
Capture credits and compliance value.
Which fuels do you work with?
Ethanol, biodiesel, biogas and sustainable aviation fuel (SAF).
Do you invest in the projects yourselves?
We structure and arrange financing. Terms are agreed case by case with each project.
Responsible reforestation
Nature-based carbon projects
Forests absorb carbon, shelter wildlife and support the communities around them. We finance reforestation projects that are planted with native species and monitored for decades.
Key facts
| Type | Removal credits from reforestation |
|---|---|
| Selection | ESG screening before any commitment |
| Species | Native, mixed planting |
| Horizon | Long-term monitoring of every site |
Carbon removal
Growing trees take CO2 out of the air.
Biodiversity
Restored habitat for native wildlife.
Local jobs
Planting and stewardship employ local people.
In plain words
About this service.
Growing forests take carbon dioxide out of the air and store it in wood and soil. Done well, reforestation also restores habitat for wildlife and creates local jobs.
We finance reforestation projects that plant a mix of native species rather than a single crop, involve local communities in planting and care, and monitor each site for the long term.
Every project is screened against environmental, social and governance criteria before we commit. The result is removal credits that buyers can explain and defend.
Who it is for
- Buyers looking for carbon removal credits
- Companies with nature and biodiversity goals
- Investors in nature-based projects
What you get
- Removal credits from screened projects
- Information on species, location and monitoring
- Retirement in your name
How it works
Step by step.
- 01
Curate
Projects screened for ESG standards.
- 02
Plant native
Diverse native species, not monoculture.
- 03
Involve communities
Local people plant and maintain the site.
- 04
Monitor
Growth and carbon tracked for the long term.
Why native species?
Mixed native forests support more wildlife, cope better with pests and drought, and are more likely to last.
How is the carbon measured?
Projects are monitored over time and verified under a recognised standard before credits are issued.
Alternative farming
Soil and community carbon programmes
We combine established farming knowledge with practices that keep carbon in the soil, and link the results to carbon programmes that pay the farmers who deliver them.
Key facts
| Practices | Organic methods · crop rotation · natural pest control |
|---|---|
| Goal | Soil health, biodiversity and resilient yields |
| Link | Community carbon programmes, including in Mozambique |
| Standard | Aligned with ESG requirements |
Soil health
Better structure and water retention.
Farmer income
Carbon revenue on top of the harvest.
Carbon
Measured, verified sequestration.
In plain words
About this service.
Farming can store carbon in the soil. Practices such as crop rotation, cover crops and organic methods improve soil structure and help it hold more carbon and water.
We support farmers in adopting these practices while keeping the farming they already know. The results are measured and linked to community carbon programmes, so farmers earn carbon revenue on top of their harvest.
One of these programmes is planned alongside our hydro and solar project in Mozambique.
Who it is for
- Buyers looking for community-based carbon credits
- Farming communities and cooperatives
- Companies with supply chains in agriculture
What you get
- Credits from measured, verified soil carbon
- Programmes that pay farmers for results
- Clear reporting on practices and outcomes
Practices we support
Crop rotationSoil
Alternating crops restores nutrients.
Organic methodsInputs
Fewer synthetic fertilisers.
Natural pest controlBiodiversity
Predators instead of pesticides.
Soil conservationCarbon
Cover crops keep carbon in the ground.
How it works
Step by step.
- 01
Seed
Select farms and practices.
- 02
Cultivate
Support the change on the ground.
- 03
Harvest impact
Measure results and issue credits.
Do farmers have to change what they grow?
No. The programmes build on existing farming practices and add methods that improve the soil.
How do farmers benefit?
They receive a share of the carbon revenue, and healthier soil can support more resilient yields.
Carbon investment vehicles
Funds and mandates for allocators
Our investment vehicles give institutions exposure to verified carbon credits through custom funds and diversified portfolios, reported position by position.
Key facts
| Structures | Custom carbon funds · segregated mandates |
|---|---|
| Assets | Verified carbon credits |
| Reporting | Regular, position-level reporting |
| Access | Institutional and professional investors |
Market exposure
Participation in a growing asset class.
Net-zero alignment
Holdings that support climate targets.
Credibility
Certified units only.
In plain words
About this service.
Our investment vehicles give institutions exposure to carbon as an asset class, without having to buy and manage individual credits themselves.
Each vehicle is built around one investor or a small group of investors. Together we agree the objectives, the limits and the types of project to hold. We then build a portfolio of verified carbon credits across project types, regions and vintages.
Credits are held in segregated registry accounts. You receive regular reports on positions, valuations and retirements, position by position.
Who it is for
- Institutional investors and asset managers
- Family offices and professional investors
- Companies building a long-term carbon position
What you get
- A custom fund or segregated mandate
- A diversified portfolio of verified credits
- Custody in segregated registry accounts
- Position-level reporting
What we offer
Custom carbon fundsFunds
Built around one investor’s objectives.
Diversified portfoliosPortfolios
Spread across project types and vintages.
Verified creditsAssets
Only certified, registry-held units.
Transparent reportingReporting
Positions, valuations and retirements.
Structure
How a vehicle is put together.
Investors
Institutions and professional investors commit capital.
IGF vehicle
A custom fund or segregated mandate with agreed limits.
Portfolio
Verified credits across project types, regions and vintages.
Reporting
Positions, valuations and retirements, reported regularly.
How it works
Step by step.
- 01
Mandate
Agree objectives and limits.
- 02
Construct
Build the portfolio.
- 03
Acquire
Source verified credits.
- 04
Hold
Custody in segregated accounts.
- 05
Report
Valuation and reporting.
Who can invest?
Our vehicles are available to institutional and professional investors, subject to due diligence.
What does the portfolio hold?
Only certified carbon credits held in recognised registries.
Can the credits be retired?
Yes. Credits can be held as an investment or retired against climate targets, depending on the mandate.
Liquidity solutions
Africa · Southeast Asia · emerging corridors
We simplify complex capital flows by designing liquidity programmes for low-liquidity currencies, then matching them with banks, fintechs and institutional funds.
Key facts
| Services | FX liquidity · settlements · hedging · receivables and supply chain finance |
|---|---|
| Markets | Africa, Southeast Asia and other emerging corridors |
| Partners | Banks, fintechs and institutional funds, including Luxembourg-based funds that provide liquidity for trades |
| Access | By mandate |
FX liquidity access
Pricing and depth in currencies banks rarely quote.
Emerging-market settlements
Shorter chains, fewer delays.
Hedging
Protection against sharp currency moves.
In plain words
About this service.
Some currencies are hard to trade. Few banks quote them, payments take a long route through correspondent banks, and rules can limit how money moves.
We design liquidity programmes for these markets. First we map your flows, the currencies involved and the constraints. Then we draw up a programme and match it with the right banks, fintechs and institutional funds, including Luxembourg-based funds that provide liquidity for trades.
Once accounts and documents are in place, the programme runs, and we monitor and adjust it over time.
Who it is for
- Companies collecting or paying in emerging-market currencies
- Trade and commodity counterparties
- Funds and institutions with frontier-market exposure
What you get
- Access to pricing where banks rarely quote
- Shorter payment chains and fewer delays
- Hedging against sharp currency moves
- Receivables and supply chain finance where needed
Corridors
Where the money moves.
How it works
Step by step.
- 01
Discovery
Flows, currencies and constraints.
- 02
Solution design
The programme on paper.
- 03
Partner matching
The right banks and funds.
- 04
Onboarding
Accounts, KYC and documents.
- 05
Execution
Funding and settlement.
- 06
Monitoring
Reviewed and optimised.
Which markets do you cover?
Africa, Southeast Asia and other emerging corridors, depending on the programme.
What do you need from us to start?
A short description of your flows: currencies, amounts, frequency and where the money needs to go.
Gold brokerage and arbitrage
Zambia · South Africa · UAE through partners
We broker physical gold between producers and buyers, and buy on our own book when prices between markets allow an arbitrage trade. Every lot is checked, priced on assay and settled on agreed terms.
Key facts
| Model | Brokerage · own-book arbitrage |
|---|---|
| Product | Physical gold, including doré |
| Pricing | Fine gold content confirmed by assay |
| Payment | Escrow in place of advance payment |
| Markets | Zambia · South Africa · UAE through partners |
Due diligence
Licences, origin and counterparties checked first.
Fair pricing
Paid on the gold actually in the bar.
Secure payment
Funds held in escrow until assay.
In plain words
About this service.
We trade physical gold, including doré, in two ways. As a broker, we match a seller with a buyer and manage the trade between them. On our own book, we buy and resell gold when the price difference between two markets allows it.
Before any trade, we check the licences, the origin of the gold and the counterparties. The price is set on the fine gold content confirmed by assay, and funds are held in escrow until delivery and assay are complete.
We trade in Zambia and South Africa, and in the UAE through our trading partners.
Who it is for
- Licensed producers and exporters
- Refiners and bullion buyers
- Trading houses
What you get
- Checked licences and documented origin
- Pricing on assayed fine gold content
- Escrow-protected payment
- Documented export and insured transport
Two ways we trade
BrokerageBetween parties
We match a seller with a buyer and manage the trade between them.
Own-book arbitragePrincipal
We buy and resell when the price gap between markets allows it.
Routes
Southern Africa to the Gulf.
How it works
Step by step.
- 01
Source
Seller identified.
- 02
Verify
Licences and origin checked.
- 03
Price
Set on assay.
- 04
Trade
Brokered or own book.
- 05
Settle
Against delivery and assay.
Do you buy gold yourselves?
Yes, on our own book, when the price difference between markets allows a clean arbitrage trade. Otherwise we act as broker.
What checks do you run?
Counterparty due diligence (KYC, AML and sanctions), licence checks and origin documentation for every lot.
Carbon credits explained
A short guide
A carbon credit is a certificate that one tonne of carbon dioxide, or its equivalent in other greenhouse gases, was kept out of the atmosphere or taken out of it. Here is how they work.
Key facts
| 1 credit | One tonne of CO2e |
|---|---|
| Issued by | Standards such as Verra and Gold Standard |
| Held in | Public registries, with serial numbers |
| Used by | Companies, airlines and governments |
In plain words
The basics.
A carbon credit is a certificate that says one tonne of carbon dioxide, or its equivalent in other greenhouse gases, was kept out of the atmosphere or taken out of it.
Credits are created by projects, checked by independent auditors, issued by a standard such as Verra or Gold Standard, and tracked in a public registry with a unique serial number. When a buyer uses a credit to make a claim, it is retired and can never be used again.
Before buying, check five things: the standard, the vintage (the year the reduction happened), the project type, the registry record, and who retires the credit and in whose name.
Who it is for
- Anyone new to carbon markets
- Teams preparing a first purchase
- Board members and investors who want the basics
What you get
- The key terms in plain words
- The life of a credit, step by step
- A checklist for buying
Kinds of credit and market
AvoidanceKept out
Emissions that would have happened, prevented: clean cookstoves, renewable power.
RemovalTaken out
CO2 pulled from the air: reforestation, biochar, soil carbon.
VoluntaryMarket
Companies offset emissions they choose to address.
ComplianceMarket
Schemes like CORSIA require airlines to offset.
Glossary
Five terms worth knowing.
- tCO2e
- Tonne of carbon dioxide equivalent, the unit every credit is counted in.
- Vintage
- The year the emission reduction or removal took place.
- Registry
- The database that issues, tracks and retires credits.
- Retirement
- Cancelling a credit so the claim cannot be made twice.
- CORSIA
- The ICAO scheme that requires airlines to offset growth in international emissions.
How it works
Step by step.
- 01
Project
Avoids or removes CO2.
- 02
Verify
Auditor confirms the tonnes.
- 03
Issue
One credit per tonne.
- 04
Hold
Tracked by serial number.
- 05
Retire
Claimed once, then cancelled.
Is buying credits the same as reducing emissions?
No. Credits are a way to address emissions you cannot yet cut. Most climate frameworks expect companies to reduce their own emissions first.
What is CORSIA?
A scheme run by the International Civil Aviation Organization that requires airlines to offset growth in international flight emissions with eligible units.
Hydro and solar project, Mozambique
Mozambique
A renewable energy project in Mozambique that combines hydropower and solar generation, with a community carbon programme planned alongside it. The project is in development, and we will share more detail as it reaches its next stage.
Project stage
- Identified
- Development
- Financing
- Construction
- Operation
Key facts
| Country | Mozambique |
|---|---|
| Technology | Hydropower and solar |
| Outputs | Power for the national grid · renewable energy certificates · carbon credits |
| Community | Carbon programme that keeps existing farming practices intact |
| Status | In development · details shared at a later stage |
IGF's role
Developer and arranger
IGF leads the development of the project: securing the rights, preparing the technical and financial plan, and arranging finance.
- Site rights and agreements with local government
- Technical and financial planning
- Finance from development and commercial lenders
Location
Mozambique.
Power
Clean electricity for the national grid.
Certificates
I-RECs for every megawatt-hour produced.
Carbon
Credits from generation and the community programme.
Plan
How the project moves forward.
- 01
Site rights
Agreements and land rights.
- 02
Technical design
Hydrology, turbines and solar layout.
- 03
Financing
Development finance and co-investors.
- 04
Build
Construction of the hydro and solar plant.
- 05
Operate
Generation, certificates and credits.
Carbon project financing, Malawi
Malawi
IGF brokered multi-million-dollar financing for a carbon credit project in Malawi. The financing has closed and our mandate is complete.
Project stage
- Mandate
- Structuring
- Financing closed
Key facts
| Country | Malawi |
|---|---|
| Vertical | Carbon |
| Financing | Multi-million US dollars |
| IGF role | Financing broker |
| Status | Closed · mandate completed |
IGF's role
Financing broker
IGF brokered the financing for the project, connected it with investors and managed the transaction through to close.
- Investor introductions
- Transaction management
Location
Malawi.
Carbon credits
A project that generates verified carbon credits.
Financing
Multi-million-dollar financing brokered by IGF.
Plan
How the project moves forward.
- 01
Mandate
IGF mandated to arrange financing.
- 02
Structuring
Terms prepared with the project.
- 03
Financing closed
Financing closed with investors.