SK Securities Co.Ltd. is a Korea-based financial service provider specializing in the securities market. The Company mainly engaged in the securities brokerage, dealing and underwriting businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and financial derivative products. It is also involved in the investment banking business, which provides acquisition and project financing services, as well as wealth management services. SK Securities Co. Ltd. is also a supporting partner organization of BONDHU.
GIZ is a German Development Cooperation that promotes the Improved Cook Stove (ICS) and undertook a project ‘Market Development Initiative for Bondhu Chula’ with Bangladesh Climate Change Trust (BCCT) in 2012-2014. Energising Development (EnDev) of GIZ and BCCT jointly financed the project. The aim of the project was to create entrepreneurs who could produce, sell and install Bondhu Chula as a part of their business. These entrepreneurs are mostly sanitary shop owners and masons. Under this project, 5000 entrepreneurs have been developed and 500,000 Bondhu Chulas have been installed. For implementing the Bondhu Chula Program, EnDev established a country-wide infrastructure with around 200 offices engaging 500 regular staffs and around 1000 part-time staffs. This infrastructure has been handed over to Bangladesh Bondhu Foundation (BONDHU). BBF has been implementing the Bondhu Chula activities on behalf of GIZ-EnDev. After the establishment of BBF, BCCT approved the second phase of the project ‘Market Development Initiative for Bondhu Chula’. Under this new phase, 400,000 Bondhu Chulas were expected to be installed from 01 July 2015 to 31 December 2016. This project is also being implemented jointly by DoE and GIZ (through BBF). Now BONDHU has more than 9000 entrepreneurs all over Bangladesh.
Value Network Ventures Advisory Services Pte. Ltd. (VNV), Bangladesh Bondhu Foundation (BONDHU) and Ecoeye Co. Ltd. a limited company incorporated under the Republic of Korea signed an agreement to implement some projects on February 11, 2019. The projects are intended to be implemented under the Clean Development Mechanism (CDM) or comparable standard for generating certified carbon emission reductions, verified emission reductions or other tradable credits which may qualify or be eligible under the Korea ETS.
Ecoeye is willing to fund to prove that carbon emission reductions from projects will be eligible under the Korea ETS and demonstrate the demand for carbon credit purchase and/or investment from compliance entities or other buyers and investors under the Korea ETS. Ecoeye will be a coordinating/Managing Entity (CME) for the Programmes of Activities (“PoAs”) with one or more Component Project Activities (“CPAs”).
VNV, Ecoeye and BBF shall be responsible for coordination and management of the project including ICS dissemination, and monitoring database completion. Bangladesh Bondhu Foundation (BONDHU) and VNV Advisory Services are going to jointly implement a program titled "Solar Pumping System for Drinking Water Supply Plant" in Bangladesh under the Gold Standard project. The objective of the project is to provide safe drinking water to the people in the coastal areas of Bangladesh who are at risk of climate change.
To this end, the wastewater plant already set up by GIZ will be repaired and new plants will be set up. The project will be registered with the Gold Standard and the universal goal of the Gold Standard will contribute to the reduction of carbon emissions.
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