Book-and-Claim System for Low-Carbon IT Certificates
Low-Carbon IT Certificates operate on a book-and-claim basis, a mechanism that allows corporates and other entities to track, claim, and retire verified certificates generated from IT asset refurbishment, materials recovery, and circular reintegration activity, without requiring direct involvement in the physical process.
How Book-and-Claim Works
Issuance of CE Certificates
- When an IT asset processor completes a certified refurbishment or recovery process, the verified environmental attributes are quantified by an accredited third-party verifier. Upon verification, the corresponding number of Low-Carbon IT Certificates is issued in the Bloom Registry at https://registry.bloom-esg.com/.
- These certificates represent the verified environmental attribute of the activity, either the emissions intensity of refurbished hardware (I-TEC, I-MAT) or the CO₂e avoided through circular activity (I-MAT AE, Avoided Emissions Certificate Reuse). While their generation is linked to a specific processor, organisation, and assets processed, once issued they are no longer physically linked to the specific location or organisation that processed them.
Book-and-Claim Process
- The verified environmental attributes are recorded in the Bloom Registry, providing a transparent and auditable record.
- Companies or organisations that wish to claim these attributes can purchase or retire certificates from the registry, in line with their sustainability and carbon reduction goals. By doing so, they may claim the verified environmental attributes associated with the refurbishment or recovery activity, without the need to be directly involved in the physical process.
Trading and Transparency
- Low-Carbon IT Certificates can be traded on global markets, offering flexibility for companies to access verified environmental attributes and meet regulatory or voluntary sustainability targets. The book-and-claim system ensures that the same certificate cannot be claimed by more than one party.
- The registry provides full transparency, allowing both the issuer and the claimant to track and verify the lifecycle of each certificate from issuance to retirement.
Retirement of Certificates
- Once a certificate is purchased and the associated environmental attribute is claimed, the certificate is retired. It is no longer available for trade, ensuring that each Low-Carbon IT Certificate is accounted for once and only once.
Benefits of Book-and-Claim for Certificates
The book-and-claim system delivers three practical benefits for corporates and processors working with Low-Carbon IT Certificates.
Flexibility
Companies can access verified environmental attributes from IT asset refurbishment and recovery activity globally, without needing to manage the logistics of the process themselves.
Efficiency
The book-and-claim system simplifies the accounting and tracking of certificates, reducing administrative burdens and ensuring that the verified environmental attribute is accurately represented.
Market Participation
Organisations of all sizes can participate in the Low-Carbon IT market by purchasing certificates that directly correspond to verified circular IT activity.
