Seneca Environmental, the energy solutions division of Seneca Holdings, the wholly owned investment arm of the Seneca Nation, announced today that it has retired an international portfolio of renewable energy certificates (RECs) on behalf of visual search and discovery platform Pinterest. The sale marks the first sale of these types of RECs to a global tech company by a tribally owned enterprise.

With RECs spanning 15 countries including Singapore, Australia, and Japan, the purchase will be used to offset energy load in Pinterest offices, furthering the company’s goal to achieve 100% renewable energy for their offices.

As part of the deal, Pinterest will procure high-impact RECs from Seneca Environmental.

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A tribally owned enterprise has broken new ground in the renewable energy market, paving the way for other Native enterprises to compete in the growing global offset sector.

Seneca Environmental, owned by the Seneca Nation, has sold renewable energy certificates (RECs) to San Francisco-based Pinterest, Inc., a social media platform for visual content sharing. Terms were not disclosed, though Seneca Environmental said in a statement the RECs were sold across 15 countries. The sale is the first of its kind between a tribal entity and a major corporation.

“The tribal energy sector is still pretty nascent, even though people have been working on these for 30 years or more,” Seneca Environment Vice President Matt Rennert told Tribal Business News. “We want to be additive in that space and get things started. One of the biggest challenges is capacity and expertise in energy, and we have created that capacity internally to be able to do that side of the business.”

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