This policy statement sets forth the expectations and standards of conduct for Voluntary Carbon Markets Integrity Initiative (VCMI) staff, the Steering Committee, the Expert Advisory Group and any other VCMI working group members, and contractors with decision-making authority related to the work of VCMI. The integrity of the guidance and recommendations developed by and through VCMI depends on adherence to these ethical standards and related procedures to ensure transparency and avoid any actual or perceived conflicts of interest.
Accordingly, VCMI staff, committee and working group members, and contractors will:
- Conduct themselves in an honest and ethical manner, including the handling of actual or apparent conflict of interest.
- Ensure, to the best of their ability, that their work and actions comply with applicable government laws, rules, and regulations.
- Proactively promote ethical behavior among subordinates and peers and encourage a culture where everyone is expected to act responsibly, with due care, without misrepresenting or omitting material facts or allowing independent judgment to be compromised.
- Promptly report violations of this Code to the VCMI Secretariat. Confidentiality of individuals reporting violations of these standards will be maintained whenever possible. Retaliation against individuals reporting a violation or a potential violation of this policy will not be tolerated.
VCMI staff, committee and working group members, and contractors shall be considered to have a conflict of interest if such an individual (or organization which they represent) has existing or potential financial or other interests which might impair, or reasonably appear to impair, the individual’s independent, unbiased judgment in discharge of his or her responsibilities to VCMI.
All individuals shall disclose to the VCMI Secretariat any possible conflict of interest at the earliest practicable time and recuse themselves from relevant decision-making if the Secretariat determines there is an actual conflict of interest, or the integrity of the process would be best served by recusal. The Secretariat will maintain a registry of identified and reported conflicts to help prevent conflicts and ensure transparency in VCMI’s work.