Statement: VCMI’s Scope 3 Flexibility Claim

Companies are not reducing emissions fast enough, with the lack of progress around scope 3 posing the biggest challenge of all. Listed companies alone account for 40% of global emissions. Inaction puts us all at risk.

Companies need tools to achieve ambitious climate targets. That is why, after an extensive stakeholder feedback process, VCMI released its beta Scope 3 Flexibility Claim. It enables urgent action now by requiring companies to purchase and retire high-quality carbon credits, while transitioning to net zero. Use of credits is in addition to – and will not count towards – a company’s emissions reductions targets.

A full launch of the Flexibility Claim will occur later in the year and we call on market participants to work with us as we finalise the Claim.

Driving integrity in voluntary carbon markets for climate resilience & a sustainable future

"*" indicates required fields

Sign up to our newsletter, a monthly digest of the latest news on voluntary carbon markets from VCMI
© 2024 Voluntary Carbon Markets Integrity Initiative