The Tiger Standard

Earn carbon credits through a trademarked standard & offset your Carbon Footprint!


Today is Mahatma Gandhi's birth date. India has chosen this day to ratify the Paris Climate Change accord. The following understanding, also agreed on today, is our small contibution, our pinch of salt, towards the epic battle against man-made Climate Change.


This Memorandum of Understanding(MOU) is signed between Bamboo Science Group (Party 1,
named herein as BSG, represented by Gregory Egan), Dr. Selim Reza (Party 2, named herein as Dr.
Selim) and M/s Inheritance India Land Conservation Company Private Limited (Party 3, named herein
as IILC, represented by Roabin Mazumdar) on October 2, 2016 at Mumbai to create a mutually
beneficial working plan leading to a business development agreement between all the Parties for the
creation of an entity to develop, produce, purchase, sell and market innovative bamboo based
This memorandum is signed to document the understanding gained from the meetings till date and
move forward until a legal contract is signed between the parties.

1. Bamboo Science Group (BSG), Mendham, New Jersey, USA, represents that they are currently
working on a bamboo pyrolysis technology which they intend to patent and they represent
through Gregory Egan.
2. IILC, Mumbai, India, is the owner of the trademarked Tiger Standard (TS), a voluntary carbon
credit standard.
3. Dr. Selim Reza, Agartala, Tripura, India, is a Community-led Bamboo Entrepreneur.
4. All Parties agree jointly that there exists tremendous scope for such products and decide to
deploy resources as available for the successful implementation of this project.

1. All parties agree to contribute time and efforts for the successful formation of an entity with a
specific objective to create, develop and market the technology under development from BSG.
2. All the parties agree to work together to raise resources to achieve the objectives framed for this
3. All parties agree to define, nurture, document, promote and support the development of the
Voluntary Carbon Credit market for the voluntary carbon credits being generated by IILC.
4. The entity would advance the funds generated and borrowed towards any activity intended to
address manmade climate change to fulfil the goals of environment and social justice.
The details stated above document the understanding between all parties as on date and all
parties would ensure that the legal contract would encapsulate further details. It is our intention to
create a definite framework for this entity by October 31, 2016.

Gregory Egan Dr. Selim Reza Roabin Mazumdar
(Signature with Date) (Signature with Date) (Signature with Date)

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Global Brands Are Putting a Price on Carbon, Offsetting Emissions in Creative Ways

A growing number of leading businesses are thinking long-term about climate change and adopting comprehensive strategies for reducing their carbon footprints - report by Ecosystem Marketplace,14 July 2016 | Washington, D.C.

Among a group of nearly 2,000 companies that publicly disclosed data in 2015, 17% use offsetting as part of a carbon reduction strategy – including familiar household names such as L’Oréal, General Motors, and Delta Air Lines – according to a new report by Forest Trends’ Ecosystem Marketplace, “Buying in: Taking Stock of the Role of Carbon Offsets in Corporate Carbon Strategies.”

Some of these brands have very real operational concerns that drive them to fight climate change. Sportswear manufacturer PUMA worries that weather changes and temperature extremes could affect its cotton farmers. In the tech sector, global warming might increase the cost of cooling large data centers for businesses like Google and Microsoft. Delta anticipates that since higher temperatures decrease air density, climate change may increasingly force their planes to carry lighter loads (e.g., fewer passengers), leading to a drop in revenue.

How are these companies tackling the challenge?

With few other options to reduce emissions (there is no carbon-neutral jet fuel yet), Delta has turned to purchasing voluntary carbon offsets to address some of its unavoidable emissions – and also to prepare for coming regulation. They’re hardly alone: of all 1,896 companies who publicly disclosed data to CDP (formerly Carbon Disclosure Project) last year, 248 invested in projects to reduce climate-changing emissions outside of their immediate operations, purchasing the equivalent of 39.8 million tonnes of carbon dioxide (MtCO2e) in 2014. Others are taking a different approach by generating offsets within their own supply chain – L’Oréal, for instance, does so by distributing cleaner-burning stoves to women in Burkina Faso who boil the shea nuts used in its cosmetics products. In total, 79 businesses generated 102.4 MtCO2e in emissions reductions within their own operations or supply chains in 2014, often to meet voluntary targets.

Aside from offsetting, 435 companies now assign an internal carbon price – triple the number of companies that had a price in 2014 – and another 538 have plans to do so in the next couple of years, indicating that businesses are starting to quantify climate risk and factor it into their operational budgets. Some – Barclays, Disney, Microsoft, and Swiss Re are prominent examples – go so far as to charge their business divisions a fee based on their emissions, incentivizing them to reduce their carbon footprint while also raising money that can then be reinvested in energy efficiency or used to purchase offsets. The price companies assigned ranged widely, but the median value of US$18/tonnemakes the average price for offsets on the voluntary market (US$3.3/tonne) look like a good deal for many companies looking to reduce their climate risk.

The vast majority of the 248 companies purchasing offsets did so on a voluntary basis, while only 21% reported purchasing these offsets to comply with regulations in places like California. The single sector with the most voluntary offset buyers was finance, where one in five firms voluntarily purchased offsets; top buyers in this category included Deutsche Bank, Credit Suisse, and JPMorgan Chase & Co.

Another significant portion of buyers hailed from sectors where reputation – keeping in good standing with consumers, shareholders, and employees – is an important factor for success, such as consumer goods & retail, and technology. Led by Delta (#3 among voluntary buyers, by volume) and Qantas (#13), 11 airlines offset carbon in preparation for industry-wide regulation from the International Civil Aviation Organization (ICAO). In analyzing where companies’ reported emissions come from, the report found that three-quarters of companies’ collective emissions are indirect – they happen upstream in supply chains or downstream in customers’ use of products. Compared to Top Voluntary Offset Buyers in 2014 General Motors 1,848,766 tCO2e Delta Air Lines 995,037 tCO2e Barclays Africa 880,000 tCO2e Microsoft 396,531 tCO2e Deutsche Bank 325,000 tCO2e direct emissions, which can be reduced by taking steps like installing renewable energy and increasing efficiency, these indirect emissions are still the “elephant in the room” – and offsetting is one of the only ways to address them immediately.

Those companies that choose to offset are more proactive than other companies in reducing both their direct and indirect emissions, the report finds. Last year, EM’s previous report on this topic showed that offset buyers had more ambitious greenhouse gas reduction targets and did more across the board to directly reduce emissions compared to companies that don’t offset. This year’s report adds to this by finding that 88% of voluntary offset buyers and 92% of compliance buyers had emissions reductions targets and that a number of companies also signed on to the Science Based Targets Initiative, aligning themselves with the larger goal of limiting global warming to a maximum of 2 degrees Celsius. In addition to demonstrating a “big picture” perspective, companies that use offsets also did not shy away from putting their money where their mouth is, and in 2014 these 327 businesses invested more than US$42 billion in emissions reductions activities, surpassing the combined investment of the 1,522 companies who did not engage in offsetting (US$41 billion).

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"There has never been a global movement to put a price on carbon at this level and with this degree of unison. It marks a turning point from the debate on the economic systems needed for low carbon growth to the implementation of policies and pricing mechanisms to deliver jobs, clean growth and prosperity.
The science is clear, the economics compelling and we now see political leadership emerging to take green investment to scale at a speed commensurate with the climate challenge."



For the first time Heads of State, city and provincial leaders have come together with the support of leading companies to urge countries and companies around the world to put a price on carbon pollution.

These global leaders have taken steps to price carbon, through emissions trading programs, carbon taxes and fees, and other pricing mechanisms, that provide incentives to invest in a greener economy.

Strong public policy gives the private sector the certainty and predictability to make the necessary long-term investments in climate smart development and prevent catastrophic impacts from climate change.

Convened by World Bank Group President Jim Yong Kim and the International Monetary Fund’s Managing Director Christine Lagarde, the Carbon Pricing Panel is calling on their peers to follow their lead and put a price on carbon. The call comes ahead of the Paris climate talks this December with the aim to spur further, faster action towards the necessary low carbon, productive, competitive economy of the future. They are joined in this effort by OECD Secretary General Angel Gurria.

Members of the Carbon Pricing Panel include German Chancellor Angela Merkel, Chilean President Michelle Bachelet, French President François Hollande, Ethiopian Prime Minister Hailemariam Desalegn, Philippines President Benigno Aquino III, Mexican President Enrique Peña Nieto, Canadian Prime Minister Justin Trudeau, Governor Jerry Brown of California, and Mayor Eduardo Paes of Rio de Janeiro.

The panel provides political momentum to complement the voices of government and industry leaders in the Carbon Pricing Leadership Coalition – an action based platform set up on the back of support for carbon pricing from 74 countries and 1,000 companies at the United Nations Climate Summit in September 2014.

Private sector support comes from US Institutional Investor Calpers, Engie of France, Mahindra Group of India, and Netherlands based Royal DSM who, with other leading businesses, work to link business needs with public policies through the Carbon Pricing Leadership Coalition.


Angela Merkel - Chancellor Of Germany


Jerry Brown - Governor Of California


Enrique Peña Nieto, President Of Mexico


Eduardo Paes, Rio De Janeiro Mayor


Jim Yong Kim, World Bank Group President

Christine Lagarde, Managing Director of the International Monetary Fund

Angel Gurria, OECD Secretary General

Angela Merkel, Chancellor of Germany

Francois Hollande, President of France

Enrique Peña Nieto, President of Mexico

Jerry Brown, Governor of California

Michelle Bachelet, President of Chile

Benigno Aquino III, Prime Minister of Philippines

Hailemariam Desalegn, Prime Minister of Ethiopia

Edoardo Paes, Major of Rio de Janeiro


Anne Stausboll, CEO of the California Public Employees' Retirement System (CalPERS)

Gérard Mestrallet, CEO of Engie

Anand Mahindra, Chairman & Managing Director, Mahindra Group

Feike Sijbesma, CEO, Royal DSM


Anne Stausboll, CEO Of CalPers


Gerard Mestrallet, CEO Of ENGIE


Anand Mahindra, Chairman And Managing Director Of Mahindra Group Of India


Feike Sijbesma, Chairman And CEO Of Royal DSM

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ITC Knowledge Partnership

We have developed our venture over 17 years without Government aid, grants or corporate funding. Our investors have been individuals, and a large percent of our resource inputs were provided pro bono.

Today we are confident to welcome Suneel Pandey, Vice President, Plantation and Raw Material, ITC, as our first corporate Knowledge Partner. A corporate of ITC’s scale is governed by the new CSR tax laws, which has created the framework for mutually beneficial partnerships between social entrepreneurship and corporate interests.

Suneel Pandey spent 18 years from 1990 to 2008 with the Indian Forest Service (IFS), which is in the forefront of the protection of India’s biodiversity. He is from the Tripura cadre of the IFS. He now heads ITC’s farm forestry and social forestry initiatives and has also set up the India Chapter of the PEFC (Programme for Endorsement of Forest Certification), the largest international forest certification scheme, under the aegis of NCCF (Network of Certification and Conservation of Forests).

Suneel steered and headed the National Mission on Bamboo Applications (NMBA), and will bring necessary expertise to further develop forest carbon sinks in India. His forestry background in Tripura along with our own North-East India interests will enable an urgently needed thrust in that ecologically threatened region. His inputs will help us decide whether to extend our reach to other corporate partnerships.

We will participate together in an ongoing consultative process with the International Gold Standard in their upcoming 3.0 version.

We also expect to work together in developing a joint collaboration with the Government of Maharashtra and the organization, IESECCI, the Indian Ex-Defence Service Employees Chamber of Commerce and Industries, who are involved in rolling out a conference on Social Innovation Technologies in Mumbai in the first week of April.

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The Tiger Standard Valuation

Since the last post on this subject where we had announced that The Tiger Standard Goes Public, two of our active stakeholders, Roabin and Rajanish, have been pro-actively working on the valuation of the entity. Here is the progress

Two key points:

  • Valuation of the Tiger Standard website
  • How to begin trading on the website.

Rajanish's summary:

Dear All,

The valuation of Tiger Standard website consists of the following elements:

  • what is the value derived from this website (in terms of dissemination of information on Tiger Standard)
  • what is the revenue from project sign-ups, and
  • what is the value derived from being the trading platform for voluntary carbon credits under the Tiger Standard.

Currently, we are at an evolutionary stage and therefore unable to fathom the full value realisable out of The Tiger Standard. It would be a futile Excel exercise to justify a large valuation. We must rather carry out a realistic valuation (say, the cost involved in building the entity) and the assets transferred to this entity (voluntary carbon credits transferred) to arrive at the current value.

After this, whatever the potential investors visualise as the revenue potential of this website can be discussed, analysed and evaluated for taking a stake in this entity.

The valuation of the Voluntary Carbon credits under the Tiger Standard is more realistic as we have already had some transactions.

So, one parameter here would be the price of such credits in international markets. But these are specific to Indian conditions and hence we need to keep the Indian perspective in mind too and evaluate the price of already concluded transactions on such credits.

I would like to point out that as of today, we have limited voluntary carbon credits for trading which are generating out of the Kerala project of Inheritance India.

But going forward, I can visualise that we have similar credits being generated from projects in the Himalayan ecosystem, Manipur, the Konkan, and many such projects.

I look forward to your thoughts on this.


Categories: Carbon Credits India, The Tiger Standard Goes Public!

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