Testimonials

Voluntary carbon markets can be a powerful tool for mobilizing the investment in innovative technologies and actions needed to keep a 1.5 C limit on warming within reach. VCMI is performing a vital service by establishing high-integrity pathways for companies to support stronger climate action while making progress toward their own net zero- goals. By creating sound guardrails for the use of high-quality carbon credits, the new VCMI guidance will provide strong assurance that this finance will help deliver the greater climate action we so urgently need.”

We are at a stage now where it is absolutely critical for businesses to deploy every tool in the box to address climate change in a timely manner. The voluntary carbon market is a key tool and we have seen that companies who actively engage in the VCM and purchase credible and high quality carbon credits are reducing their own emissions more quickly than their peers. VCMI’s Claims Code of Practice will help move the market away from accusations of greenwashing and towards action.”

We commend VCMI for its leadership in shaping the enhanced guidance for the Claims Code of Practice. This effort underscores the urgent need for organizations to collaboratively engage in developing robust,  high-quality standards and fostering integrity within voluntary carbon markets.”

We know claims that carbon credits ‘offset’ fossil fuel emissions are misleading. The VCMI framework will ensure that companies tell a more accurate story, making clear that it is not a case of ‘either, or’ when it comes to reducing emissions and funding climate action. In a timely response to evolving regulations, particularly the EU’s prohibition of misleading offsetting claims based on carbon credits, the VCMI’s initiative sets a new standard for transparent and impactful climate initiatives in corporate practices.”

VCMI’s guidance on credible claims complements the Integrity Council’s work to establish a global benchmark for high-integrity carbon credits that will give buyers confidence they are funding projects making a genuine impact on emissions. By creating end-to-end high integrity throughout the voluntary carbon market, from the supply of credits, to the markets they trade in, and ultimately how they are used, we can unlock investment at speed and scale for climate solutions that would not otherwise be viable.”