# Advanced Global Trading

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**Advanced Global Trading** **(AGT)** was an [emissions trading](/source/Emissions_trading) and environmental consultancy firm headquartered in [Dubai](/source/Dubai), United Arab Emirates and with offices in Bahrain, [Doha](/source/Doha), Zurich and Johannesburg. AGT deals in sourcing and trading of [Verified Carbon Standard](/source/Verified_Carbon_Standard) approved emissions trading permits (ETP), and specialised in buying and selling of emissions trading certificates and permits in the over-the-counter markets.

## History

Advanced Global Trading was set up by a group of investors and [angel investors](/source/Angel_investors) in 2009 with headquarters in the Dubai, United Arab Emirates. AGT traded within the UAE and Gulf Cooperation Council regions. It later expanded into consultancy.

In August 2011 the company established a partnership with Equinox Designs to offset the environmental waste created by the exhibition industry. [AMEinfo.com](/source/AMEinfo.com) estimated the total offset to be over 200,000 tonnes a year[3] in the UAE alone. [Lotus F1](/source/Lotus_F1) also signed Advanced Global Trading as an official partner to reduce their environmental impact.[4] The partnership is represented by the AGT brand, which appears on the Lotus F1 car driven by [Kimi Räikkönen](/source/Kimi_R%C3%A4ikk%C3%B6nen) and [Romain Grosjean](/source/Romain_Grosjean).[5]

In December 2012, the company signed an agreement with the cleaning specialist Grako in Dubai, to become the country's first [carbon neutral](/source/Carbon_neutral) company [6]

AGT’s growth faltered in 2013. Online records at the [Dubai Department of Economic Development](/source/Department_of_Economic_Development_(Dubai)) show that the firm’s carbon-trading licence expired in early June 2013, after which at least five investors filed complaints alleging that they could not liquidate their holdings.[7] Trading activities ceased soon afterwards and the licence was not renewed.[8]

## Corporate social responsibility

AGT initiated a campaign to embed CSR strategies into the corporate governance frameworks in the Middle East.[9]

in June 2011, AGT assisted [Omar Samra](/source/Omar_Samra), the first Egyptian to climb Mount Everest in making his expeditions [carbon neutral](/source/Carbon_neutral).[10]

In 2011, the company advised Equinox Design's Exhibit Green division to offset environmental waste and reduce their [carbon footprint](/source/Carbon_footprint).[3][11]

Same year, the company helped the Swiss [Le Mans race](/source/Le_Mans_race) to become carbon neutral by retiring ETPs.[12]

Advanced Global Trading assisted Abu Dhabi Desert Challenge to offset any environmental damage from the March 2012 event. The agreement was between (ATCUAE) Automobile & Touring Club and AGT and was the first of its kind in GCC.[13]

Advanced Global Trading in May 2012 announced its official partnership with [Lotus F1](/source/Lotus_F1) to assist the team's reduction of CO2 emissions as it targets CO2 neutrality in 2012.[14] The company assisted Lotus F1 with carbon neutrality for another year in 2013.[15]

## Criticism

Specialist commentators frequently questioned AGT’s pricing and resale claims. In May 2013 *The National* highlighted cases in which investors had been unable for months to off-load credits purchased at up to US$15 each—more than triple prevailing wholesale values—prompting warnings that the voluntary market was “illiquid, volatile and poorly understood”.[16] A follow-up investigation in June 2013 reported that AGT’s trading licence had lapsed and that consumer complaints were under examination by Dubai’s Department of Economic Development.[17]

## Awards and recognition

AGT was nominated for "Best Sustainable Investment" award at the 2011 International Green Awards.[18]

## References

1. "[Charles Stephenson](http://advancedglobaltrading.com/agt/agt-team/)" Advance Global Trading. Retrieved January 17, 2012

1. "Alice Haine."[Money & Me: Business is no place to test friendship](https://archive.today/20130114163450/http://www.thenational.ae/lifestyle/personal-finance/money-me-business-is-no-place-to-test-friendship)". [The National](/source/The_National_(Abu_Dhabi)). September 24, 2011. Retrieved January 17, 2012

1. El Ajou, Nadeen. ["Equinox Design partners with Advanced Global Trading to offset the environmental waste created by the exhibition industry"](https://web.archive.org/web/20120628070703/http://www.ameinfo.com/273275.html). [AMEinfo.com](/source/AMEinfo.com). Archived from [the original](http://www.ameinfo.com/273275.html) on 28 June 2012. Retrieved 18 August 2011.

1. "[Lotus F1 Team targets carbon neutrality.](http://www.gptoday.com/full_story/view/412850/Lotus_F1_Team_targets_carbon_neutrality/)"

1. ["Lotus F1 Team | AGT Official team partner"](https://web.archive.org/web/20130601032506/http://lotusf1team.com/-agt-.html). Lotus F1 Team. Archived from [the original](http://lotusf1team.com/-agt-.html) on 2013-06-01.

1. "[Advanced Global Trading signs agreement with Grako](http://www.redorbit.com/news/science/1112742107/grako-signs-agreement-with-advanced-global-trading/)" Advanced Global Trading signs agreement with Grako. Retrieved December 5, 2012

1. Nereim, Vivian (28 June 2013). ["Carbon credit buyers file formal complaints against UAE firm"](https://www.thenationalnews.com/uae/environment/carbon-credit-buyers-file-formal-complaints-against-uae-firm-1.290045). *The National*. Retrieved 21 July 2025.

1. Nereim, Vivian (28 June 2013). ["Carbon credit buyers file formal complaints against UAE firm"](https://www.thenationalnews.com/uae/environment/carbon-credit-buyers-file-formal-complaints-against-uae-firm-1.290045). *The National*. Retrieved 22 July 2025.

1. "[Corporate Social Responsibility](http://advancedglobaltrading.com/CSR/csr.html)" Advance Global Trading. Retrieved January 17, 2012

1. ["Egypt’s Hottest Mountain Climber Goes Carbon-Neutral"](http://www.greenprophet.com/2012/02/carbon-neutral-egyptian-climber/). Retrieved 7 Feb 2012.

1. Jeremy King. ["Equinox Design partners with Advanced Global Trading to create Exhibit Green"](http://www.eventmagazine.co.uk/news/1086994/Equinox-Design-partners-Advanced-Global-Trading-create-Exhibit-Green/). EventsMagazine.co.uk. August 25, 2011. Retrieved January 16, 2012

1. ["Hope Racing submits Le Mans 24 Hours race data to UAE-based brokerage to become the World’s first Co2-Neutral Race"](http://www.zawya.com/story/ZAWYA20110616110934/). [Zawya](/source/Zawya). 2011-06-16.

1. ["2012 Abu Dhabi Desert Challenge Goes green"](https://web.archive.org/web/20120331201709/http://www.abudhabidesertchallenge.com/latest-news-detail.aspx?itemid=94). Abu Dhabi Desert Challenge. Archived from [the original](http://abudhabidesertchallenge.com/latest-news-detail.aspx?itemid=94) on 31 March 2012. Retrieved 24 March 2012.

1. ["UAE headquartered brokerage helps Lotus F1 Team target carbon neutrality"](https://web.archive.org/web/20160303220735/http://www.menafn.com/menafn/1093507004/UAE-headquartered-brokerage-helps-Lotus-F1-Team-target-carbon-neutrality). MenaFN. Archived from [the original](http://www.menafn.com/menafn/1093507004/UAE-headquartered-brokerage-helps-Lotus-F1-Team-target-carbon-neutrality) on 2016-03-03. Retrieved 2013-05-22.

1. ["AGT – Alternative investment brokerage working with F1 team to retain carbon neutrality in 2013"](http://www.sustainablebusiness.com/index.cfm/go/news.viewpressrelease/id/342). www.sustainablebusiness.com. Retrieved 29 May 2013.

1. Nereim, Vivian (31 May 2013). ["UAE investors of carbon credits struggle to find buyers"](https://www.thenationalnews.com/uae/uae-investors-of-carbon-credits-struggle-to-find-buyers-1.338913). *The National*. Retrieved 22 July 2025.

1. Nereim, Vivian (28 June 2013). ["Carbon credit buyers file formal complaints against UAE firm"](https://www.thenationalnews.com/uae/environment/carbon-credit-buyers-file-formal-complaints-against-uae-firm-1.290045). *The National*. Retrieved 22 July 2025.

1. "[International Green Award Shortlist 2011](http://www.greenawards.com/winners/shortlist-2011) [Archived](https://web.archive.org/web/20130522142233/http://www.greenawards.com/winners/shortlist-2011) 2013-05-22 at the Wayback Machine." Green Awards. Retrieved January 17, 2012

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Adapted from the Wikipedia article [Advanced Global Trading](https://en.wikipedia.org/wiki/Advanced_Global_Trading) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Advanced_Global_Trading?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.