Vertis

What Vertis does

Vertis Environmental Finance is a MiFID II licensed environmental commodities trading firm that intermediates in European compliance carbon markets on behalf of corporate emitters. Founded in 2001 and headquartered in Budapest with offices in Brussels, Madrid, and Warsaw, the company executes trades across the full spectrum of EU and national compliance schemes: European Union Allowances (EUAs), UK Allowances (UKAs), Dutch Dispensation Rights (DPRs), German national ETS certificates (nEHS), F-Gas certificates, and Carbon Border Adjustment Mechanism (CBAM) instruments. It also provides advisory and early-mover positioning services for ETS 2, the new EU carbon market covering buildings and road transport. Vertis has been a wholly-owned subsidiary of STX Group since 2021.

The company monetizes primarily through transaction fees and bid/ask spreads on each trade it intermediates. Its technology stack includes the MyVertis customer portal for client account and transaction management, a Research and Analysis function producing newsletters and webinars on EU ETS, UK ETS, CBAM, and ETS 2 developments, and a podcast (Carbon Trading Chronicles). Distribution is enterprise-direct, with relationship-managed sales coverage of industrial companies, shipping operators, aviation carriers, and CBAM-affected importers. The customer base spans hundreds of large enterprises including Airbus, Vodafone, Nestle, Bridgestone, Veolia, Repsol, OMV Petrom, and Enagas.

Vertis is privately held, has 51-100 employees, and operates a multi-entity legal structure (Vertis Environmental Finance Ltd. in Hungary as primary entity, Vertis International Trading SE in Hungary as trading entity, Vertis Brussels SA as Belgian agency). Vertis does not provide publicly disclosed revenue, pricing, or unit-economic figures; its public materials cite "billions of Euro annual turnover," which refers to gross trading volume rather than revenue. The firm has been consistently ranked in Environmental Finance Market Rankings since 2017 and has won multiple Broker of the Year awards.

Name

Vertis

Legal name

Vertis Environmental Finance Ltd.

Website

https://vertis.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Vertis is a MiFID II licensed European carbon compliance broker that intermediates EUAs, UKAs, Dutch DPRs, German nEHS, F-Gas, and CBAM certificates for industrial, shipping, aviation, and importer clients. Founded 2001, headquartered in Budapest, and a subsidiary of STX Group since 2021.

Ownership category

akta.pro rank

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Emissions Allowances Trading: Vertis trades European Union Allowances (EUAs), UK Allowances (UKAs), and other compliance carbon instruments. The company acts as an intermediary helping companies meet compliance obligations under various emissions trading systems by facilitating the purchase and sale of carbon allowances.
2. DPR Certificates Trading: Trading of Dutch Dispensation Rights (DPRs), OTC tradable certificates representing 1 tonne of CO2 under the Dutch national CO2 tax.
3. F-Gas Certificates: Trading of fluorinated greenhouse gas certificates for companies requiring quotas under F-gas regulation.
4. German nEHS Certificates: Trading of national emission certificates under the German Emissions Trading System (nEHS) for heating and transport sectors.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Vertis is a MiFID II-licensed trading firm that helps industrial, shipping, and aviation companies trade emissions allowances and carbon certificates across multiple compliance schemes, including EU ETS, UK ETS, CBAM, CORSIA, German nEHS, Dutch DPR, and F-Gas certificates. The firm acts as an intermediary enabling obligated entities to meet their carbon compliance obligations through spot and forward transactions, hedging strategies, and a dedicated customer portal (MyVertis) for portfolio management and market intelligence.

Product overview

Vertis Environmental Finance is a MiFID II trading firm and environmental commodities company offering a comprehensive suite of carbon compliance trading services. The portfolio centers on emissions trading across multiple regulatory frameworks including EU ETS, UK ETS, and national systems (German nEHS, Dutch DPR), supplemented by CBAM hedging and F-gas certificate services. The company also operates the MyVertis customer portal for account management and delivers market newsletters through its Research and Analysis team. Services target specific industry verticals including Industrials, Shipping, Aviation, and companies affected by carbon border adjustments. Since 2021, Vertis has been part of the STX Group.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 27+ years of market expertise in emissions trading
• +2 more outcomes

Named customers25 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• STX GroupcoreStrategic or Co-development Partner · 1 January 2021Since 2021, Vertis has been part of STX Group, a global environmental commodities trader. STX Group offers physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets. Through this combination, Vertis offers full access to the widest range of environmental commodities and comprehensive support to companies on their journeys to net zero emissions.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Others

• STX Group: Vertis's parent company and a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems. Overlap is partial — STX operates across broader commodities (energy, fuels, gas, carbon, voluntary) while Vertis specializes in compliance carbon.

Direct peers

• Redshaw Advisors: UK-based specialist carbon broker advising industrial and financial clients on EU ETS, UK ETS, and voluntary carbon trading. Closely comparable to Vertis in product scope (compliance allowance trading and advisory) and target buyer (large corporate emitters).
• Carbon Credits Capital: Carbon brokerage and advisory firm focused on EU ETS, UK ETS, and voluntary carbon markets for corporate and institutional clients. Directly comparable to Vertis in target customer profile and emissions-trading intermediary model.

Broad incumbents

• European Energy Exchange (EEX): Major European exchange operating EUA, UKA, and EUAA spot and futures markets. Overlaps with Vertis as a venue for the same compliance instruments but competes via on-screen, exchange-cleared execution rather than OTC brokerage.
• Intercontinental Exchange (ICE): Global exchange operator running ICE Endex EUA and UKA futures markets. Comparable in that it provides execution infrastructure for the same carbon compliance instruments Vertis brokers OTC, but at vastly larger scale and broader asset class breadth.
• ENGIE: Major European utility with significant in-house carbon trading and origination capabilities, as well as a presence in voluntary carbon via its subsidiary. Comparable to Vertis in serving industrial compliance demand, though ENGIE is far larger and vertically integrated across generation and supply.
• Mercuria Energy Trading: Global commodities trader active in energy, emissions, and environmental products. Comparable to Vertis in providing emissions trading intermediation but at far broader commodity scope and balance sheet scale.

Emerging players

• Climate Impact X (CIX): Singapore-based carbon exchange backed by DBS, SGX, Standard Chartered, and Temasek. Overlaps with Vertis in carbon market intermediation but focused primarily on voluntary credits and Asian corporate buyers rather than EU compliance trading.
• AirCarbon Exchange (ACX): Carbon exchange operating voluntary and compliance trading across multiple jurisdictions. Comparable as a carbon trading intermediary but focused on exchange-cleared execution and voluntary credits rather than EU compliance OTC brokerage.
• South Pole Group: Climate solutions provider combining carbon advisory, project development, and trading across compliance and voluntary markets. Comparable to Vertis in serving large corporate compliance buyers, though stronger in voluntary carbon and project origination.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Vertis_EF
• LinkedInlinkedin.com/company/vertis-environmental-finance
• Instagraminstagram.com/vertis_envfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vertis