Mere Plantations Limited (“Mere”) are proud to have achieved full certification of its plantation sites, under the Cercarbono Certified Carbon Standard.

Mere’s carbon offering is one of the single biggest tropical hardwood reforestation projects globally, achieved on a purely commercial basis to deliver social and environmental impact at scale. A total of 361,327 carbon credits (“CARBONCERs”) have been issued for the first verification period, with a net 307,128 Carbon Credits available as sequestered to date. Mere’s first crediting period will run until 2031 and will generate 3,234,860 carbon credits. For the duration of the project, over 32 million carbon credits are on track to be generated, making this the biggest lifetime carbon credit project in Ghana by a significant magnitude.

With the first planting of Mere’s Teak (Tectona grandis) commencing in early 2011, mature trees are being managed on a sustainable coppicing basis to ensure continuous forestry cover and regeneration of the land and the forest for future generations. Mere are particularly proud of the quality of its plantation stands, with the highest carbon credit generation per hectare of any Teak reforestation carbon credit project currently on the market. Through its credit quality, Mere are providing an offering that bridges the carbon credit requirements of durability, scale, social benefit and environmental benefit in a wholly unique manner. This will be complimented by a full and comprehensive insurance product accompanying every single carbon credit brought to market by Mere.

During 2023, 3.74 kilograms of CO2e was sequestered every second by Mere’s plantation stands in the Afram Headwaters Forest Reserve of Ghana on fully degraded former forest land. The growing of these trees and sale of the resulting timber into long-term use industries, ensuring that carbon stored in the wood is locked up for generations, has funded significant infrastructure improvements in the local communities and provided long-term, reliable employment in rural Ghana. When combined with Mere’s biodiversity improvement programs, such as the planting of native tree species, protection of veteran and remnant trees and planting/protection of native riparian zones, a holistic project where every stakeholder wins is clearly seen. This translates directly into a premium, high-integrity carbon

This reafforestation program has been done in partnership with Ghana Forestry Commission, whom Mere would like to thank for their support. Mere would also like to thank Allcot AG for their assistance in the certification of this project, and Aenor for their thorough and detailed audit process. Mere is extremely proud to be Cercarbono’s first certified project on the African continent, adhering well to the requirements of carbon quality assurance organisations such as ICROA and IETA.

Information on Mere’s project can be found at these links: