Asian Infrastructure Investment Bank Completes First Carbon Credit Retirement with FiO and ASJ’s AI Data-Driven Solution and Global  Carbon Market Bridging

Samarkand, Uzbekistan – December 18, 2024 – The Asian Infrastructure Investment Bank (AIIB) has successfully completed its first-ever carbon credit retirement in alignment with the 2024 AIIB Annual Meeting, held in the historic city of Samarkand, Uzbekistan. This milestone marks a significant step in AIIB’s commitment to sustainability and climate action, reinforcing its mission to foster resilient infrastructure and drive positive global impact.

The carbon credit evaluation and verification process was conducted by FiO, a leader in AI-driven data analytics for carbon markets. FiO’s advanced risk analytics (Carbonsurance), comprehensive co-benefits impact assessment, and financial modeling solutions provided to AIIB with the confidence to navigate the carbon need with transparency and efficiency in satisfaction of SDG goals. By leveraging FiO’s expertise, AIIB ensured the credibility and effectiveness of its carbon offset initiatives, reinforcing the institution’s commitment to measurable climate action.

The transaction and retirement application were facilitated by ASJ Global Group, a distinguished member of Climate Impact X, Verra, Gold Standard, and ACX. ASJ collaborates with both listed and private companies to achieve their Net-Zero targets, offering high-quality carbon credits tailored to specific sustainability objectives. ASJ has played a pivotal role in numerous carbon credit transactions, including projects in Indonesia, Cambodia, Brazil, and Colombia, reinforcing its expertise in global carbon market integration.

“AIIB’s first carbon credit retirement is a testament to the growing role of data-driven solutions in ensuring impactful climate strategies,” said George Chu, CEO at FiO. “At FiO, we empower organizations with cutting-edge and value enhanced analytics and financial modeling to achieve regulatory compliance, maximize sustainability reporting, and increase verifiable climate impact with proper data-support as the evidence.”

As climate-conscious organizations accelerate their efforts toward achieving net-zero emissions, AIIB’s landmark initiative sets a precedent for financial institutions worldwide to integrate robust carbon offset mechanisms. This collaboration between AIIB, FiO, and ASJ highlights the growing importance of technological innovation and strategic partnerships in addressing global climate challenges.

For more information about FiO’s AI-driven solutions for carbon markets, visit https://www.fio.one/.

About FiO

FiO provides AI-based, data-driven solutions for corporations and institutions navigating carbon markets with confidence. Our platform integrates advanced risk analytics, co-benefits impact assessment, and financial modeling, enabling organizations to enhance regulatory compliance, sustainability reporting, and financial performance while ensuring true climate impact based on transparent data.

About ASJ Global Group

ASJ Global Group has offices in Singapore, Shanghai, Taipei, Hong Kong, and Bangkok, with a team of financial experts from top investment banks. ASJ offers prime investment banking services, trusts, family offices, and cross-border financial solutions for institutions, enterprises, fund managers, and UHNWIs. Committed to the 2050 net-zero goal, ASJ joined Climate Impact X in 2022, Verra and Gold Standard in 2023, and CDR & ACX in 2024, assisting corporations like Alchip Technologies in offsetting emissions. For more information, visit their website at https://www.asjglobalgroup.com/.