Formally registered purpose
To contribute to the reduction of greenhouse gases in the atmosphere through the distribution and trade of high-quality, documented, and third-party certified carbon credits. Any potential financial surplus will be donated to projects or organizations with a social, climate, or environmental purpose.
Founder
Frank-Hugo Storelv grew up in Tromsø, Northern Norway. His career includes working as a fisherman in the Barents Sea, marketing director at Steen & Strøm ASA, environmental manager at HÅG/Flokk AS, and fundraising manager at Amnesty International.
Throughout his adult life, Frank-Hugo has been an environmental activist, leading the environmental organization Neptune Network for the past 25 years. His dedication to the cause has landed him both in holding cells and before the Supreme Court. Committed to making a real difference, he only invests his time and energy in projects and businesses that actively push the planet in the right direction.
He has a background in mechanical engineering, is a graduate in marketing and economics, and holds both machinist and skipper certificates.
Why Iskoras Foundation has been established
To provide businesses with the opportunity to purchase top-quality climate credits with local co-benefits where the credits are produced. To serve as a link in the value chain that contributes substantially to removing greenhouse gases from the atmosphere. To develop projects, initiatives, and climate products of a standard that motivates the market to choose these qualities.
…because these qualities protect the planet, thereby supporting the customer’s reputation and license to operate.
Why a Foundation?
Iskoras is a non-profit foundation, meaning all resources go directly toward delivering value to our clients and achieving our mission—no distractions, no profit-driven decisions. Under Norwegian law, foundations are strictly regulated to ensure that their purpose and resources are protected. This provides an added layer of security and guarantees that funds are managed responsibly and in line with the foundation’s mission.
The inspiration behind the name Iskoras
Iskoras is the name of a mountain far north in Karasjok community in Norway. In this area permafrost is beginning to thaw due to climate change, with the potential of releasing significant amounts of methane and CO2 into the atmosphere. This area has been part of research projects for years to understand what to expect as the world’s real extensive permafrost regions begin to thaw. In this sense, the mountain Iskoras plays a “canary in the coal mine” role, signaling what’s to come.
Board
Bjørn Brennhovd
Head of department of urological cancer surgery, Oslo University Hospital
Anne Kristin Hæsken
Club Secretary, ÅS IL Football
Dag Hovland
Regional manager, Red Cross
Frank Hugo Storelv
Chairman of the board
Iskoras Foundation
Regnskapskontor: Progressum Fri AS
Org.no: 932 891 441
Bank: 1520.02.38289 DNB
Revisor: Unic Revisjon AS