VCMI Timeline Overview

2021
Inception
March

VCMI is announced – COP26 President-Designate Alok Sharma announces VCMI at the Climate and Development Ministerial (supported by UK government and CIFF)

March — July

Early days of VCMI

July

VCMI global launch event – in partnership with the United Kingdom as hosts of COP26

29 July

VCMI publishes its first report – “Aligning Voluntary Carbon Markets with the 1.5˚C Paris Agreement Ambition” is released for public consultation

July

VCMI Steering Committee (SteerCo) is announced

July

VCMs Access Strategies pilot programme is initiated – in partnership with Climate Focus and UNDP

September – October

Establishment of the Country Contact Group (CCG) and the Expert Advisory Group (EAG) – to undertake, inform, and guide the work of VCMI

October

Consultation synthesis report is published – indicating widespread support for VCMI’s goals

November

VCM Access Strategy proposals are prepared

November

VCMI at COP26

November

VCMI publishes its roadmap at COP26 – outlining key issues to be addressed in the Provisional Claims Code of Practice

2022
Development
June

Provisional VCMI Claims Code of Practice is launched; public consultation and road testing commences

June – August

Road testing of the Provisional Claims Code of Practice – a public consultation is undertaken with feedback collated from 130 respondents across 67 companies.

November

Feedback on Provisional Claims Code of Practice is published

November

VCMI at COP27

November

Partnership with We Mean Business announced at COP27

2023
Implementation
11 May

VCM Access Strategy Toolkit is released

28 June

Launch of the VCMI Claims Code of Practice (Claims Code) and User Group – Consultative Process commences alongside the release of the Claims Code

4 September

VCMI at Africa Climate Summit

September

VCMI at Climate Week NYC

November

Additional Claims Code guidance released to support use of VCMI Claims

November

VCMI Launches Early Adopters Program

November

VCMI at COP28

2024
Implementation
February

Bain & Co. makes inaugural Carbon Integrity Claim 

June

Natura Cosmetics becomes first emerging market business to achieve a Carbon Integrity Platinum Claim

August

VCMI announces public consultation on Scope 3 Claim 

September

VCMI at New York Climate Week

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