Tasman Environmental Markets

Tasman Environmental Markets (TEM) is an Australian B2B carbon management company. The company provides tailored carbon offset portfolios to meet business ESG objectives. The company caters to the holistic carbon impact of freight and transit systems across road and air travel.

TEM offers its proprietary climate action technology, “BlueHalo,” as an API-driven software integration for existing enterprise infrastructure. Thereby, the purchased offsets can be processed instantly for a point-of-sale solution or batched for monthly invoicing purposes. The company also offers TEM Online, an online carbon offset platform, to offset smaller volumes of carbon (less than 5,000 tons) for SMEs. TEM is also developing its own carbon offsetting projects and undertaking projects on behalf of corporate clients. 

Key customers and partnerships

In February 2021, TEM partnered with American Express Global Business Travel to integrate BlueHalo API into the latter’s booking systems. In June 2021, the company joined the Singapore Airlines (SIA) Group to launch a voluntary carbon offset program for passenger and cargo airline customers. 

In October 2021, the company partnered with Serko Limited to integrate BlueHalo, enabling travelers and businesses to offset travel-related emissions. In March 2022, TEM collaborated with Qantas to develop “Qantas Future Planet” to deliver carbon procurement and technical offset solutions. In January 2024, TEM enhanced its carbon credit due diligence process by joining forces with Sylvera, a UK-based carbon offset ratings provider. 

Funding and financials

The company’s most recent funding round was in  June 2023, when it raised USD 10 million in refinancing through a trading facility agreement with Catalytic Impact Capital. The agreement includes an additional USD 2.5 million in funding arrangements for TEM.