Monitoring, reporting and verification (MRV)

Traders of  Environmental Progress

STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.

Transforming Climate Challenges into Business Progress

STRIVE is the consulting division of the STX group, helping companies achieve their climate goals through high-impact strategies and optimized decarbonization pathways.

Emissions trading in safe hands

Vertis, a MiFID II trading firm, supports companies in navigating through carbon compliance schemes, including different EU Emissions Trading Systems, CBAM and CORSIA, in a cost-effective way

Moving oil to perfect use

Marine Olie is a trader in vegetable oils and fats, delivering tailored feedstock solutions for biofuels, biomass and animal feed, with in-house blending, lab and storage capabilities.

Monitoring, Reporting, and Verification (MRV) refers to the standardized process through which installations and aircraft operators subject to the EU ETS:

Monitor their greenhouse gas (GHG) emissions in accordance with an approved monitoring plan;
Report their annual emissions through a verified emissions report submitted to the competent authority;
Undergo independent verification of their emissions data by an accredited third-party verifier, ensuring the reported information is complete, consistent, and accurate.

The MRV requirements are set out primarily in:

Regulation (EU) 2018/2066 on the monitoring and reporting of greenhouse gas emissions (MRR);
Regulation (EU) 2018/2067 on the verification of data and the accreditation of verifiers (AVR).

These regulations define detailed technical rules on how emissions should be measured or calculated, what data must be collected, how it should be reported, and how independent verifiers must perform their work.