In December 2020, the World Wildlife Fund published a blueprint for corporate climate action. It encourages business leaders to account for and disclose emissions; reduce value chain emissions; quantify a financial commitment by pricing remaining emissions and invest in positive impacts for climate and nature. It also discusses how this approach can support both business goals and biodiversity.
The University of Oxford provides corporates with four key elements to credible net zero offsetting in its September 2020 Principles document. It is essential to cut your company’s emissions before purchasing carbon credits and strategically use a combination of reduction and removal credits to meet climate targets. The report speaks critically of nature-based carbon credits, suggesting that improvements could be made to these project types.
This is the first-ever Global Standard for Nature-based Solutions. Published by the IUCN in July 2020, it is extremely relevant for the supply side of the voluntary carbon market. It helps guide the design, implementation and verification of nature-based projects. Using eight assessment criteria, the Global Standard invites users to complete a self-assessment.
Discover the dominant corporate perspectives on climate action and carbon credits with this report from WMB and Conservation International. Published in January 2023, it found the vast majority of business leaders (92%) see long-term decarbonization as a priority and say the responsible use of carbon credits is important to reducing emissions (89%).
This briefing paper from The World Economic Forum and Bain & Company provides an insight into the critical challenges delaying the voluntary carbon market from achieving scale. Published in January 2023, it also provides recommendations intended to help corporate leaders adopt climate positive strategies and address the challenges present in the voluntary carbon market.