Coral Future, a climate change and sustainability consulting firm with 20 years of experience in sustainability and carbon credit solutions, has launched its operations in Bangladesh. The firm has partnered with Eelaia and Kayventures to help industries reduce carbon emissions, remain competitive, and generate revenue from climate action through carbon finance.
The firm assists companies in measuring their greenhouse gas emissions, formulating strategies to reduce them, and implementing projects that convert these emission reductions into carbon credits and renewable energy certificates.
Its team of engineers, analysts, subject and safeguarding experts works alongside a global network of project developers, investors, multilateral development banks (MDBs), governments, end buyers, and brokers.
Coral Future operates on a global scale, maintaining a specific focus on South and Southeast Asia, with particular emphasis on Singapore, Thailand, Vietnam, Malaysia, Indonesia, Nepal, and India.
The firm's entry into Bangladesh coincides with the country's target to achieve a 20.31% reduction in emissions below the business-as-usual level by 2035 under its Nationally Determined Contribution (NDC) 3.0. Two-thirds of this reduction target is conditional on international support, which includes carbon finance.
Global brands, export markets, and lenders are increasingly expecting Bangladeshi suppliers to measure and reduce their emissions. This shift is creating growing pressure on manufacturers and exporters to adopt decarbonisation measures.
Coral Future provides tailored climate action solutions that encompass carbon footprinting, greenhouse gas inventories, and the management of Scope 3 emissions across value chains. The organisation also assists with corporate net-zero strategies, supply-chain emission reductions, the development of carbon credit projects, renewable energy certificates, and initiatives designed to channel climate finance directly to grassroots communities.
In Bangladesh, the firm has identified textiles and garments, renewable energy, bricks and construction, pharmaceuticals, energy and households, agriculture, and waste management as priority sectors.
In the textiles and garments sector, its focus includes carbon footprint assessments, energy-efficient boilers and machinery, rooftop solar power, and emissions reporting to meet the requirements of global brands.
In renewable energy, including ground-mounted and rooftop solar projects, it aims to reduce fossil fuel-based electricity consumption, strengthen energy security and lower costs.
For the bricks and construction sector, its priorities include shifting from fired kilns to non-fired blocks and promoting solar-powered plants.
Within the pharmaceutical sector, current initiatives involve conducting carbon footprint assessments designated for export markets, alongside implementing energy-efficient cooling systems, enhancing utility management, and adopting solar power.
Within the energy and household sectors, the firm focuses on reducing grid losses and gas leaks while promoting clean cooking solutions.
In agriculture, its priorities include water-saving rice cultivation, improved fertiliser use, and solar-powered irrigation. In waste management, the focus is on composting and waste-to-energy solutions for both cities and industries.
Coral Future also collaborates with project owners and investors to evaluate carbon credit potential, develop projects, and support national authorization and registration. Additionally, the organization facilitates verification and issuance while connecting projects with investors and international credit buyers.
Through its two main areas of work—industrial decarbonisation and carbon project development—Coral Future aims to help Bangladeshi businesses reduce emissions and energy costs, meet international requirements, access green finance, and develop new revenue opportunities through carbon markets.
Why it matters
The launch of Coral Future's operations in Bangladesh supports the country's goal of reducing emissions by 20.31% by 2035 under its NDC 3.0 by providing local industries with carbon finance and decarbonisation solutions.