ASIATODAY.ID, RIYADH – The Voluntary Carbon Market Company (VCM) has unveiled a series of landmark strategic partnerships to accelerate the growth of Saudi Arabia’s carbon market and reinforce the Kingdom’s leadership in climate innovation.
Through these collaborations, VCM aims to expand its international partner network and enhance its corporate advisory capabilities, positioning itself as a central hub for carbon trading and sustainability-driven investment in the region.
As part of its strategy, VCM has partnered with Simplenight, a leading digital transformation company, to develop an integrated carbon offset service. The new feature will allow customers purchasing travel, lifestyle, and government-related services to seamlessly offset their carbon footprint.
In another key move, VCM signed an agreement with Altitude, a global provider of carbon removal financing solutions. The partnership will enable the supply of Altitude’s verified carbon removal credits within Saudi Arabia, supporting businesses in their transition toward net-zero emissions.
To further boost domestic carbon credit generation, VCM joined forces with Al Qaryan Group, a Saudi industrial recycling leader. This collaboration focuses on expanding the availability of locally generated carbon credits for trading on VCM’s exchange platform.
VCM also established a strategic partnership with MSCI, a global authority in carbon market analytics. This cooperation will provide Saudi companies with advanced insights and tools to design and execute effective decarbonization strategies, in alignment with the Kingdom’s 2060 net-zero target.
Additionally, VCM signed an agreement with BeZero Carbon, an independent carbon credit ratings agency. The partnership leverages BeZero’s analytical expertise to strengthen due diligence processes and enhance transparency regarding the quality of tradable carbon credits.
VCM Acting CEO and Head of Technology Fadi Saadeh emphasized that these partnerships demonstrate global confidence in VCM’s mission.
“Our collaborations reflect Saudi Arabia’s growing influence in shaping the voluntary carbon market. VCM’s exchange platform stands as a gateway for ambitious market entrants to launch high-impact, high-quality sustainability projects,” he said on November 5, 2025.
With these agreements, VCM continues to play a pivotal role in realizing Saudi Arabia’s Vision 2030 sustainability goals and its long-term net-zero emissions commitment. (SPA)
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