DriveKey Corporation Comprehensive Carbon Services
Your Team of
Carbon
Engineers
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Master your GHG emissions with our comprehensive inventory and accounting services, compliant with the GHG Protocol Corporate Standard. From Scope 1 & 2 direct emissions to the intricate consolidation of Scope 3, alongside LCIA/LCA and GHG Protocol Compliant Reporting, we provide the foundation for accurate emissions factor modeling and observational accounting.
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Elevate your sustainability commitments through science-based target setting and submission to SBTi. Utilizing GHG Protocol inventories, we guide you in establishing Net Zero targets, supported by ongoing annual check-ins and maintenance, ensuring your environmental objectives are both ambitious and attainable.
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Stay ahead in the regulatory landscape with our robust reporting and compliance services. From TCFD Governance Reporting and interactive Scenario Modeling to comprehensive reviews of the EU Taxonomy, SEC regulations, and specific mandates like California SB 253 and 261, we ensure your compliance is seamless across all jurisdictions.
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Leverage our strategic development expertise to prioritize and address your urgent decarbonization needs. Through detailed LCA and heat map analyses, we propose actionable strategies and projects, incorporating marginal cost of abatement consulting and interactive tools for a cost-optimized portfolio of decarbonization projects and help with implementation
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Innovate in carbon removal with our advisory services, focusing on CDR consultation, corporate removal portfolio development, and the strategic development of novel offtake and pre-purchase arrangements. Our expertise extends to Reactive Transport Modeling and MRV services, specially tailored for CDR startups.
Tailored tools and services that support your carbon task list
Drivekey is an end to end carbon accounting, compliance and strategic development advisory firm with specialized capabilities in carbon removal.
You’ll have access to
Enterprise carbon inventory, data warehousing, dynamic tracking and interactive management console
Supplier data gathering console
A place to connect with and collaborate with third party auditors, companies dealing with similar issues, a learning platform
Interactive scenario modeling and other interactive online tools
A team of technical consultants with experience in corporate decarbonization projects, cost/benefit modeling and decarbonization project deployment
Ongoing updates and timely alerts regarding the latest regulatory developments, reminders of due dates.
Instructional webinars, resources, and thought leadership covering topics such as carbon futures trading, carbon credit retirement issues, how to gain access to grant funds for innovative decarbonization demonstration projects.
Opportunities for strategic collaboration with others in your industry to develop group carbon removal purchasing arrangements
Premium services like carbon removal advisory, renewable energy financial modeling, renewable energy project consultation
Understanding the EU's Carbon Border Adjustment Mechanism: Integrating Carbon Removal Credits into Corporate Strategy
Understanding CBAM
The CBAM aims to level the playing field for EU producers and their international competitors by putting a price on carbon emissions associated with goods imported into the EU. By targeting carbon-intensive sectors such as cement, iron and steel, aluminum, certain chemicals (including fertilizers and hydrogen), and electricity, the EU intends to encourage cleaner production processes both within and outside its borders. This mechanism is designed to prevent carbon leakage, where businesses might relocate production to countries with less stringent emissions regulations.
The Potential Integration of Carbon Removal Credits
There's ongoing discussion about incorporating carbon removal credits into the CBAM framework. This could allow companies to offset a portion of their CBAM liabilities by purchasing verified carbon removal credits. Such credits would certify that carbon dioxide has been removed from the atmosphere and sequestered in a manner that meets specific standards for permanence and verifiability.
Implications for Businesses
For companies importing goods into the EU, understanding the nuances of CBAM and its implications is crucial. The potential integration of carbon removal credits offers a pathway for these businesses to reduce their CBAM-related costs while contributing to global carbon reduction efforts. However, navigating this emerging landscape requires specialized knowledge and expertise.
How Drivekey Professionals Can Help
Drivekey professionals, with their deep expertise in carbon removal sciences and extensive networks in the high-quality carbon removal credit market, are well-positioned to assist companies in this new regulatory environment. Whether your company is considering joining an industry consortium to purchase credits collectively or exploring the voluntary market for carbon removal credits, Drivekey professionals can provide guidance on how much to purchase and connect you with reputable sources of carbon removal credits.
Looking Ahead
As the details of CBAM continue to evolve, especially regarding the integration of carbon removal credits, staying informed and prepared is essential. With the full implementation of CBAM set for 2026, businesses have a window to align their strategies with these upcoming regulations. Engaging with experts who understand both the regulatory landscape and the science of carbon removal will be key to navigating this transition effectively.
For companies operating in or trading with the EU, proactive engagement with CBAM and its potential developments around carbon removal credits could offer strategic advantages, both in compliance and in demonstrating leadership in sustainability and carbon reduction efforts.
About DriveKey
DriveKey, originally focused on telematics for fleet decarbonization (Karai by DriveKey) since its inception in 2021, has quickly expanded into a full-service carbon management provider.
This expansion responds to client demands for comprehensive carbon services, aligning with new regulations and sustainability frameworks such as California's SB253 and SB261, the EU's Carbon Border Adjustment Mechanism, and global reporting standards like TCFD, SEC, EU Taxonomy, and CSRD.
DriveKey is now assembling a specialized team to support businesses in navigating these complex requirements, highlighting its evolution from a fleet-focused service to a broad-based carbon management consultancy.
This shift underscores the growing corporate need for detailed carbon footprint analysis, regulatory compliance, and sustainability reporting expertise.
Ineffective and onerous
All these carbon reporting regulatory frameworks represent a cost in terms of time and energy. Most of them are technically inaccurate, onerous, poorly designed, poorly thought out and barely do anything to address the actual climate problem.
We have 6 years
Meanwhile we have 6 years remaining until our annual release of 42 gigatons a year pushes the amount of CO2e in the atmosphere to a level that triggers runaway climate conditions. We already have atmospheric rivers and wet bulb temperatures. Yet a given company can sometimes be obligated to report to more than one carbon reporting standard and they often overlap considerably.
Mid size and small cap companies now too!
These rules increasingly include mid-sized and small cap companies in their requirements and deadlines. Keeping all these requirements straight, gathering all the data, deciding which ones are relevant to your company, filling out a multitude of forms and detailed questionnaires can be time consuming and confusing even for well resourced companies.
End to end decarbonization support
Drivekey can get certain reporting and preparation tasks out of the way for you so that your company can focus on what needs to be done to actually cut the emissions, protect your assets, drive savings, facilitate compliance and help your company actually meet its reduction targets.
This isn’t ESG
Proper carbon accounting, reporting and decarbonization services requires technically qualified professionals with formal training in carbon accounting, industrial optimization modeling, LCI and LCA, techno-economic analysis, renewable energy modeling, renewable energy and cutting edge removal and capture technologies project deployment, carbon removal sciences, environmental chemistry, civil, environmental and industrial engineering. Drivekey assists your company in tackling decarbonization accounting, reporting and project implementation and we’ll set your company up with removal options once all decarbonization tasks have been implemented.
Building a highly qualified team
Drivekey, a telematics technology company that started a few years ago with a mission to lower fleet emissions. The clients of Drivekey wanted complete carbon services so it is now building a team of engineers and carbon analysis professionals that will help your company get ready for the low emissions economy efficiently and correctly. We are dedicated professionals who have spent our careers counting emissions, reducing them, preventing them and capturing them for safe and durable removal. We are here to help you do this so we can all begin to see results.