KUALA LUMPUR: Yinson GreenTech has partnered with Saxon Renewables to generate verified carbon credits from eligible electric vehicle (EV) activities.
The carbon programme is registered under Verra’s Verified Carbon Standard (VCS).
The partnership follows the signing of a participation agreement allowing Yinson GreenTech to participate in EVolve, a carbon programme that combines multiple EV charging infrastructures under a single project.
Registered under Verra’s VCS in November 2025, EVolve enables eligible charging infrastructure to generate carbon credits, subject to verification requirements.
Yinson GreenTech EV charging and leasing managing director Kelvin Soon said the partnership will help translate emissions reductions from electric mobility into measurable climate value.
“By participating in Saxon Renewables’ EVolve programme, we can channel this value into a stronger charging network and better fleet electrification solutions to our customers,” he said in a statement.
The collaboration will focus on integrating eligible charging infrastructure into the programme, strengthening data monitoring systems for independent verification and progressing towards carbon credit issuance.
Yinson GreenTech plans to expand charging access and fleet electrification while exploring the programme’s application across its wider electric mobility portfolio.
Saxon Renewables managing director Reik Ong said the partnership was an important step in demonstrating the role of carbon markets in accelerating clean technology adoption in Malaysia and the region.
Saxon Renewables brings carbon project development experience across Asia, while Yinson GreenTech contributes its operational EV network to support the generation of carbon credits backed by verifiable data.
The partnership is the first technology-based carbon project advanced under Yinson’s Carbon Project Framework.
The framework guides the group’s selection of carbon opportunities and partners based on integrity, readiness and long-term value creation.