The International Tracking Standard Foundation
The International Tracking Standard Foundation is a Netherlands-based non-profit that owns the International Attribute Tracking Standard, accrediting Code Managers, Registry Operators, and 26 Issuers across 70+ countries to issue I-REC(E) electricity certificates and extend the standard to CDR, hydrogen, and biogas tracking.
- Company typePrivate
- Founded2015
- Headquarters's-hertogenbosch, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The International Tracking Standard Foundation does
The International Tracking Standard Foundation (trade name: I-TRACK Foundation) is a Netherlands-registered non-profit foundation (Stichting I-REC, KvK 59458844) founded in 2015 and headquartered in 's-Hertogenbosch. It owns and governs the International Attribute Tracking Standard, a book-and-claim framework for certifying energy attributes that is formally acknowledged by STBi, CDP, and RE100 reporting frameworks. The foundation operates through a multi-tiered partner ecosystem in which it accredits Code Managers and Registry Operators, who in turn manage 26 Accredited Issuers processing facility registrations and certificate issuance across 70+ countries. Its core product, I-REC(E) for electricity, is the operational backbone, while I-TRACK(CDR), I-TRACK(HX), and I-TRACK(G) extend the standard to carbon dioxide removal, hydrogen, and biogas/biomethane respectively.
The foundation's underlying technology is a web-based registry and verification infrastructure with QR-coded redemption statements, standardized global fee structures, and interoperability layers such as the ResidualMix.org transparency platform (launched April 2026). It monetizes through recurring annual Issuer Accreditation Fees and Product Code Fees from Code Managers; participants and registrants pay usage-based fees to the Registry Owner or their local Issuer, and the foundation explicitly does not set certificate prices or offer discounts to ensure non-discriminatory market treatment. Customers include renewable energy producers, corporate energy buyers (for RE100/CDP claims), governments establishing EAC systems, and the accredited Issuer/Registry/Code Manager network itself.
Recent strategic activity centers on expanding the standard beyond electricity: the May 2026 launch of I-TRACK(G) with Global Gas Tracking, pre-accreditation of I-TRACK(CDR) and I-TRACK(HX), country approvals in Azerbaijan and others, and partnerships with Singapore's MTI/EMA and UNDP. The organization was renamed in December 2023 from 'The International REC Standard Foundation' to reflect its broader energy-attribute scope.
The International Tracking Standard Foundation firmographics
Firmographics- Name
- The International Tracking Standard Foundation
- Legal name
- Stichting I-REC
- Website
- https://trackingstandard.org
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The International Tracking Standard Foundation is a Netherlands-based non-profit that owns the International Attribute Tracking Standard, accrediting Code Managers, Registry Operators, and 26 Issuers across 70+ countries to issue I-REC(E) electricity certificates and extend the standard to CDR, hydrogen, and biogas tracking.
- Ownership category
- akta.pro rank
The International Tracking Standard Foundation industry classification
Industry- Product category
- Energy Attribute Certificates and Tracking Standards
- akta.pro primary industry
- Environmental, Climate & Sustainability Standards & Reporting Cooperation (BPADANAI)
- akta.pro secondary industries
- International Standards Development & Standardization Bodies (BPADANAA), Conformity Assessment, Testing, Inspection & Certification Cooperation (BPADANAD), Credit Issuance, Serialisation & Retirement Assurance (Registry Integrity Checks) (EUABACAM), Greenhouse Gas (GHG) & Climate Regulatory Compliance (Mandatory Reporting, Cap-and-Trade Compliance) (EUAHABAG)
Keywords
Where The International Tracking Standard Foundation is headquartered
LocationHeadquarters
- HQ city
- 's-hertogenbosch
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
The International Tracking Standard Foundation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Issuer Accreditation Fees: Market facilitators seeking to become Accredited Issuers pay fees to the I-TRACK Foundation as part of the accreditation process. The foundation conducts quality assurance assessments of issuers annually.
- Product Code Fees: Fees from Code Managers implementing specific Product Codes. Participants pay their fees to the Registry Owner, and registrants pay fees to Issuers. All fees are standardized globally to ensure fair competition.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Annual | Participant fees paid to Registry Owner |
| Usage-based | Annual | Registrant fees paid to local Issuer |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
The International Tracking Standard Foundation product offering
Product offeringCore offering
The I-TRACK Foundation owns and maintains the International Attribute Tracking Standard, a globally recognized governance framework that sets requirements for quality attribute tracking systems, preventing double counting, double certificate issuance, and double attribute claims. Under this standard, the foundation accredits Code Managers, Registry Operators, and local Issuers to operate Product Codes for electricity (I-REC(E)), Carbon Dioxide Removal (I-TRACK(CDR)), Hydrogen (I-TRACK(HX)), and Biogas/Biomethane (I-TRACK(G)), and runs the ResidualMix.org transparency platform.
Product overview
The I-TRACK Foundation operates a platform-based ecosystem with multiple product codes under the International Attribute Tracking Standard. The core offering includes I-REC(E) for electricity (the primary operational product active in 70+ countries), I-TRACK(CDR) for carbon dioxide removal, I-TRACK(HX) for hydrogen, and I-TRACK(G) for biogas and biomethane. The organization also maintains ResidualMix.org as a transparency platform. These products function as specialized tracking standards for different energy attributes, with each product code describing roles and rules for issuance, transfer, and redemption of certificates within its domain.
Differentiator
Problem solved
Functional benefit
Products and services
- International Attribute Tracking Standard Governance document owned by the I-TRACK Foundation that sets requirements ensuring the quality of attribute tracking systems such as Guarantees of Origin (GOs) and Renewable Energy Certificates (RECs). Provides clear rules for Product Certificate Market Facilitators and users, and is acknowledged by STBi, CDP, and RE100 reporting frameworks.
- I-REC(E) Product Code for Electricity An exchangeable Energy Attribute Certificate (EAC) that conveys information about the production of a unit of electricity, including where it was produced, the capacity of the production facility, and the energy source. Operational in over 70 countries with 26 active Accredited Issuers, defining processes for issuance, transfer, and redemption of renewable electricity certificates.
- I-TRACK(CDR) Product Code for Carbon Dioxide Removal Product code for tracking Carbon Dioxide Removal certificates. C-Capsules are generated when a CDR-facility captures and durably sequesters a ton of CO2, which can then be traded and ultimately retired by a consumer to mitigate emissions. Given Pre-Accreditation by the I-TRACK Foundation Board.
- I-TRACK(HX) Product Code for Hydrogen Product code for tracking hydrogen as an energy attribute. Hydrogen is expected to complement renewable electricity in the transition toward a cleaner energy future. The I-TRACK(HX) Product Code has been given Pre-Accreditation.
- I-TRACK(G) Product Code for Biogas and Biomethane Product code for tracking biogas and biomethane as energy attributes. Operational with two registries: one in Brazil operated by Instituto Totum and one global registry outside Brazil. Launched in May 2026 in partnership with Global Gas Tracking (GGT).
- ResidualMix.org Transparency platform launched in April 2026 by the I-TRACK Foundation to improve consistency in electricity attribute tracking through publication of all known and reliable residual mix calculations. Combines calculations from the I-TRACK Foundation methodology and the Association of Issuing Bodies (AIB) methodology to support transparency in electricity attribute tracking and GHG accounting.
Quantifiable outcome
- Thousands of end-users supported in making reliable energy claims
- +1 more outcomes
Companies that use The International Tracking Standard Foundation
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
The International Tracking Standard Foundation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
The International Tracking Standard Foundation partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Global Gas Tracking (GGT)corePartnership with Global Gas Tracking to launch I-TRACK(G) Code and Registry for biogas and biomethane. The registry is operational in Brazil and globally outside Brazil.
- InvestBakucoreInvestBaku LLC is the Accredited I-REC(E) Issuer in Azerbaijan, an investment advisory firm established in 2018 working with international investors and corporate partners.
- Green Certificate Company (GCC)coreGCC is the default Issuer for I-REC(E) and I-TRACK(E), operating under quality assurance assessments conducted by the I-TRACK Foundation. Survey results show 94% confidence in independence, 100% alignment with legislation.
- BarnebiesminorIndependent third-party consultancy commissioned to support Quality Assurance process by administering Registrant Surveys and distributing Issuer Questionnaires.
- EvidentcoreEvident serves as both Code Manager and Registry Operator for I-REC(E), implementing the International Attribute Tracking Standard for electricity tracking globally through their platform (api.evident.app).
- C-CapsulecoreC-Capsule serves as Code Manager for the I-TRACK(CDR) Product Code for Carbon Dioxide Removal, implementing the standard for CDR tracking.
- Avance LabcoreAvance Lab serves as Code Manager for the I-TRACK(HX) Product Code for Hydrogen, implementing the standard for hydrogen attribute tracking.
- Instituto TotumcoreInstituto Totum operates the I-TRACK(G) Registry in Brazil for biogas and biomethane tracking, and serves as local Issuer in Brazil.
- Local GoodcoreLocal Good is the Accredited I-REC(E) Issuer in Japan, determining device eligibility and tagging certificates with applicable labels.
- REDEX Group Pte LtdminorREDEX received the I-TRACK Foundation's first Approved Verification Label, demonstrating compliance with verification requirements.
- Singapore Ministry of Trade and Industry (MTI) and Energy Market Authority (EMA)coreI-TRACK Foundation partnered with Singapore's MTI and EMA to develop a Renewable Energy Certificate Framework Template for Cross-Border Electricity Trade in Southeast Asia.
- UNDPcoreCooperation with UNDP for visibility and promotion of I-REC Standard internationally.
Scale indicators7 records
Recent moves7 records
Expansion highlights7 records
The International Tracking Standard Foundation competitors and assessment
Company assessmentRegional players
- Green-e (Center for Resource Solutions): Green-e is the leading North American renewable energy certificate certification program, setting consumer protection and environmental standards for RECs in the US and Canada. It functions as a regional EAC standard-setter comparable to I-REC(E) but for the North American market.
- M-RETS (Midwest Renewable Energy Tracking System): M-RETS is a North American REC tracking system covering multiple US states and Canadian provinces. It provides registry infrastructure comparable to Evident's role for I-REC(E), serving as the issuance, transfer, and retirement platform for renewable energy certificates in the regional market.
Direct peers
- Puro.earth: Puro.earth operates a registry specifically for engineered carbon removal credits (C-Capsule equivalent). It is the most direct competitor in the I-TRACK(CDR) space, as both organizations aim to certify durable carbon dioxide removal with audited, tradable certificates for corporate buyers.
- Association of Issuing Bodies (AIB): The most direct competitor: AIB operates the pan-European Guarantees of Origin (GO) system for electricity across 20+ European countries under a unified standard. Both organizations set international attribute tracking standards, accredit registries, and define issuance/transfer/redemption rules for energy attribute certificates, making AIB the closest comparand to I-TRACK's I-REC(E) framework.
- Climate Neutral Group (CNG): CNG operates as an I-REC(E) issuer in multiple European markets and provides EAC procurement services. It is a direct channel peer competing for issuer accreditation and corporate end-user relationships under the same I-TRACK standard.
Emerging players
- Gold Standard: Gold Standard develops standards and certifies carbon credit projects globally, with strong overlap in sustainable energy and emissions reduction methodologies. Its registry and certification infrastructure competes with I-TRACK(CDR) for issuer accreditation and end-user claims in voluntary carbon markets.
- Climate Action Reserve: Climate Action Reserve develops and operates carbon offset registries and standards, particularly in North America. Its registry and protocols are comparable to I-TRACK's emerging CDR product code, with overlapping market participants in voluntary carbon markets.
- International Carbon Registry (ICR): ICR is an independent carbon credit registry providing issuance, transfer, and retirement of carbon units. Its methodology-based accreditation model and focus on interoperability with other tracking systems place it as a parallel standards-and-registry player to I-TRACK's emerging CDR product code.
Broad incumbents
- Bureau Veritas: Bureau Veritas is a global testing, inspection, and certification (TIC) giant that provides third-party verification and certification services across energy, environment, and sustainability sectors. Its role as a verification body overlaps with I-TRACK's accreditation/QA processes for issuers and registries.
- Verra: Verra operates the Verified Carbon Standard (VCS) and Gold Standard for carbon credit registries globally. While its focus is carbon credits rather than electricity, Verra's accredited methodology, registry infrastructure, and issuer ecosystem mirror the model I-TRACK leverages for I-TRACK(CDR), making it a direct emerging competitor in the carbon attribute tracking space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
The International Tracking Standard Foundation social profiles
Digital presenceThe International Tracking Standard Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
The International Tracking Standard Foundation leadership team
Management profileNumber of profiles
Profiles4 records
The International Tracking Standard Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The International Tracking Standard Foundation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The International Tracking Standard Foundation
What does The International Tracking Standard Foundation do?
The I-TRACK Foundation owns and maintains the International Attribute Tracking Standard, a globally recognized governance framework that sets requirements for quality attribute tracking systems, preventing double counting, double certificate issuance, and double attribute claims. Under this standard, the foundation accredits Code Managers, Registry Operators, and local Issuers to operate Product Codes for electricity (I-REC(E)), Carbon Dioxide Removal (I-TRACK(CDR)), Hydrogen (I-TRACK(HX)), and Biogas/Biomethane (I-TRACK(G)), and runs the ResidualMix.org transparency platform.
Is The International Tracking Standard Foundation a public or private company?
The International Tracking Standard Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was The International Tracking Standard Foundation founded?
The International Tracking Standard Foundation was founded in 2015. It employs 11 to 50 people.
Where is The International Tracking Standard Foundation based?
The International Tracking Standard Foundation is headquartered in 's-hertogenbosch, Netherlands, in the Europe region.
How does The International Tracking Standard Foundation make money?
Two revenue lines are on record. Issuer Accreditation Fees are the primary driver. The others are product Code Fees.
Who are The International Tracking Standard Foundation's main competitors?
Regional players on record are Green-e (Center for Resource Solutions) and M-RETS (Midwest Renewable Energy Tracking System). Direct peers are Puro.earth, Association of Issuing Bodies (AIB) and Climate Neutral Group (CNG). Emerging players are Gold Standard, Climate Action Reserve and International Carbon Registry (ICR). Broad incumbents are Bureau Veritas and Verra.
Does The International Tracking Standard Foundation have an API?
No public API is recorded for The International Tracking Standard Foundation.
What industry is The International Tracking Standard Foundation in?
The International Tracking Standard Foundation's product category is Energy Attribute Certificates and Tracking Standards. Its primary akta.pro industry code is BPADANAI, Environmental, Climate & Sustainability Standards & Reporting Cooperation, with a secondary code of BPADANAA, International Standards Development & Standardization Bodies.