The VCM Knowledge Vault is an always updated, go-to resource to help businesses participate in a maturing market
As an ever-evolving and maturing space, there is no shortage of resources to help companies of all sizes navigate the voluntary carbon market (VCM). But with so many new releases and an extensive back catalogue of guidance, how can you possibly keep track?
Whether you are an established stakeholder looking to keep up with the latest best practices, or a new participant needing an introduction to the market, the VCM Knowledge Vault is here to support you. We want to equip you to lead the way for climate, nature and people.
Developed by the Integrity Council for the Voluntary Carbon Market, the Core Carbon Principles (CCPs) are ten fundamental, science-based principles for identifying high-quality carbon credits that create real, verifiable climate impact. Since its release in March 2023, this is essential guidance for every corporate navigating the VCM.
The Voluntary Carbon Market Integrity Initiative’s Claims Code of Practice was long-awaited in the VCM. Published in June 2023, its purpose is to guide companies to use carbon credits with integrity to support their climate commitments. It includes essential guidance on making credible claims and is a key resource for corporates entering the space.
This TFCI guidance helps companies differentiate between types of forest carbon credits to improve the integrity, quality and impact of their carbon credit purchases. First published in February 2023, the guide speaks extensively on the role of IPLCs as custodians of the world’s forests.
A Buyer’s Guide to Natural Climate Solutions Carbon Credits
This guidance document, published by NCS Alliance and WBCSD in March 2023 is for businesses that have decided to use natural climate solutions to support decarbonisation strategies. It covers the procurement process for securing high-quality carbon credits that meet the goals of climate change mitigation, biodiversity gains and benefits to people.
All in on climate: the Role of Carbon credits in Corporate Climate Strategies
Published by Ecosystem Marketplace in October 2023, this report found that companies tend to use carbon credits to support their existing climate mitigation strategies and debunked the myth that companies are purchasing carbon credits to delay cutting their emissions. This report was partly funded by WMBC.
The Sustainability Leader’s Guide to Voluntary Carbon Markets (VCMs)
Sylvera's guide is extremely relevant to corporates looking to learn about the options available in the voluntary carbon market. It covers how to conduct carbon credit due diligence and explains the different project types. It covers the benefits of each credit type and explains how corporates can avoid some of the biggest risks of the market.
The SBTi’s Corporate Net-Zero Standard is the world’s first framework for corporate net-zero target setting in line with climate science. This is a key resource for corporates developing their emission reduction strategies. The Standard covers near-term and long-term targets; residual emissions and beyond value chain mitigation.
Produced by the GHG Management Institute and Stockholm Environment Institute, this is a website intended to promote the potential of carbon markets and explain their functioning to corporates. It produces research on an ongoing basis to inform policymakers and the general public about both voluntary and regulatory carbon offset standards and policies.
The Carbon Credit Quality Initiative offers independent scorings to measure the quality of carbon credits. Produced by the Environmental Defense Fund (EDF), Oeko-Institut and World Wildlife Fund (WWF-US), it is a useful and ongoing resource to help carbon credit buyers identify high quality in the market. It is a unique initiative because: It is not funded by revenues related to carbon credits; the experts providing the assessments are not employed by project developers or carbon crediting programs; and it scores credits on an interval scale, not on a binary basis.
Gold Standard's tracker is intended to enhance the transparency of carbon market regulations, and support governments, project developers, investors, and other market participants in navigating the evolving regulatory landscape. This ongoing project visualises carbon market regulations by country on its map and allows users to explore by country.
Integrity matters: Net zero commitments by businesses, financial institutions, cities and regions
The highly influential report is essential reading for anyone entering the voluntary carbon market. First published in November 2022, by The United Nations’ high-level expert group on the net zero emissions commitments of non-state entities, it gives ten recommendations to help establish a clear standard and criteria for net zero. These ideas are designed to bring greater integrity, transparency and accountability to climate goals. It draws a ‘red line’ under greenwashing with its determined work to end dishonest carbon accounting and reporting.
Expert review of the science underlying nature-based climate solutions
What do you think of nature-based solutions? If you’re unsure, this academic paper could be for you. Published in Nature Climate Change in March 2024, it assesses the scientific basis of 43 nature-based solutions using an extensive literature review and expert elicitation. It revealed that the most used pathways, such as tropical forest conservation, have a solid scientific basis for mitigation.
Offsets As Ordered: Buyer Due Diligence To Ensure Carbon Credit Quality
This report from The Nature Conservancy helps buyers navigate the voluntary carbon market. Produced in March 2023 – a time when so much of the market was in flux – this report helps reduce risk for those looking to buy carbon credits. It provides guidance on due diligence and equips businesses with the knowledge to identify high-quality credits.
The Science Based Targets Initiative’s Scope 3 Requirements: A Discussion Paper
In July 2024 The World Wildlife Fund (WWF) published a discussion paper on the SBTi’s proposed revisions to its Scope 3 requirements. WWF emphasised that it promotes, first and foremost, a reduction of value chain emissions. It restates its support for carbon credits being used to support within value chain emission reduction but only supports their use for outside value chain reduction in the case of residual emissions. However, WWF would like to see companies investing outside of their value chains to support the Global South with additional climate finance.