The International Tracking Standard Foundation: Founder Of I Rec

The I-Track Foundation is committed to ensuring unbiased access to product information and allowing end-users to confidently procure products whose origins are well documented and clearly accounted for, thus empowering energy consumption choices around the world and supporting claims of generation, ownership, and history. The I-Track Foundation has requirements and global best practices written directly into the International Attribute Tracking Standard. These best practices require all market facilitators to act in a way that is transparent, fair, and equitable to all market players. In this way, each market player can be guaranteed the same opportunities as other Market Players provided by the Market Facilitator. The I-REC Standard’s International Attribute Tracking Standard ensures that market facilitators adhere to best practices and good governance principles for the tracking instrument and the associated markets they manage. In this way, the I-REC Standard represents a globally recognized standard, which is often referred to as I-REC, that can be implemented for a myriad of products both within and beyond the energy sector that benefit from harmonization, recognition, market support, and independent oversight. Recognized Issuers, stakeholders, and government bodies can consistently rely on the I-REC Standard and its associated Product Codes while implementing and running robust attribute tracking systems. The I-REC Standard is committed to ensuring unbiased access to product information and allowing end-users to confidently procure products whose origins are well documented and clearly accounted for, thus empowering renewable energy consumption choices around the world and supporting claims of sustainability.