Building an independent and credible system
History and Funding
MiQ is a not-for-profit organisation founded in 2020 by RMI (Rocky Mountain Institute) and SYSTEMIQ, and it became ‘The MiQ Foundation’ in 2021.
MiQ is funded by philanthropic organisations, such as RMI, which are motivated by reducing emissions from the oil and gas sector whilst we accelerate the transition to a clean energy future.
There are no shareholders, and according to our statutes, any funds and fee revenue can only be invested in the MiQ mission of addressing methane and GHG emissions.
MiQ Foundation
The not-for-profit MiQ Foundation has several major responsibilities:
- Design, improve, and manage all aspects of the MiQ Standard, including development of additional segments to cover the entire natural gas supply chain. Each step is accompanied by stakeholder consultations and careful incorporation of feedback.
- Engage in the debates, development, and improvement of other natural gas certification standards or abatement programs in the voluntary and regulated sectors.
- Accredit (“approve”) third-party auditors (also called Verifiers or Certification Bodies)
MiQ Digital Registry
Evident , the central issuer for the I-REC Standard operates the MiQ Digital Registry infrastructure. MiQ Registry is the Issuing Body responsible for managing the accounts, recording results of audits, and issuing and retiring of digital MiQ Certificates according to the rules established under the Program Guide.
Third Party Auditors
Third Party Auditors (also called Certification Bodies or Verifiers) carry out the necessary audits of facilities (also called assets) across the natural gas supply chain. They assure that the requirements defined in the MiQ Standard are met by operators. Third Party Auditors must be accredited by the MiQ Foundation before they can perform audits against the Standard.
Tech Providers
Operators can work with a wide range of independent technology providers to achieve MiQ Certification, ranging from detection to data solutions, analytics, and audit prep, and implementation. Tech providers can be recognised by MiQ with a compatibility assessment. Upon successful completion the tech provider will be listed on the MIQ website.