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CALGARY - Climate solutions company Karbon-X Corp. (OTCQX:KARX) has signed a multi-year agreement to become the official name sponsor of BK Dukes, an Austrian professional basketball team, according to a press release statement issued Tuesday.
Under the partnership, the team will be renamed BK Karbon-X Dukes effective immediately. The financial terms of the sponsorship were not disclosed.
The agreement includes sustainability initiatives where the basketball organization will implement annual emissions reporting and offset all team and venue Scope 1, 2, and 3 emissions. The team also plans to incorporate an emissions offset fee into ticket purchases to address fan-related environmental impacts.
"This partnership represents what climate action should look like: visible, energizing, and engaging," said Matt Kauffman, EVP Sports & Entertainment at Karbon-X in the statement.
The BK Dukes recently won the 2024-2025 Austrian Cup Title. The team will debut under its new name in the upcoming 2025-2026 season.
Karbon-X, based in Calgary, describes itself as a vertically integrated climate solutions company that manages carbon credit lifecycle processes including project origination, emissions quantification, validation, and market distribution. The company supports both compliance and voluntary carbon markets.
BK Dukes is a basketball club based in Klosterneuburg, Austria.
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