Tag: VCMI

VCMI Launches Scope 3 Action Code of Practice

Stuart Mitchell

The Voluntary Carbon Markets Integrity Initiative (VCMI) has launched its Scope 3 Action Code of Practice1. The new best-practice framework has been developed to ensure companies continue to take climate action every year, even when their efforts to reduce scope 3 greenhouse gas (GHG) emissions hit barriers2. Corporate scope 3 emissions are not being reduced at the pace or scale needed, with many companies falling behind in meeting climate targets3. Increased action on scope 3 emissions is critical to meeting the goals of the Paris Agreement, yet the global ‘scope…

Read More

VCMI announces public consultation on beta Scope 3 Claim

Stuart Mitchell

The Voluntary Carbon Markets Integrity Initiative (VCMI) will run a public consultation on further development of the proposed Scope 3 Claim. Running from 2nd September to 7th October, the consultation will be conducted in accordance with established best practice. Inviting feedback on an updated version of the Scope 3 Claim, the process will help build on and strengthen existing requirements and guardrails to finalize the claim and ensure that it maintains high standards of integrity, while also being practical to potential corporate adopters. The Scope 3 Claim will offer a mechanism…

Read More

VCMI launches Early Adopters Program 

Stuart Mitchell

VCMI recently announced that it has launched its Early Adopters Program (EAP) to accelerate uptake of its Claims Code of Practice (Claims Code). This group will pave the way for corporates to confidently make VCMI Claims and celebrate credible climate action.  Bain & Company, BCG, Better Drinks, Natura and Sendle are among the first members of the EAP. VCMI is working closely with this group of corporate climate leaders to give hands-on support to understand the Claims Code requirements, facilitate peer-to-peer exchange and knowledge sharing, and provide tools and materials…

Read More

ICVCM and VCMI join forces to operationalize a high-integrity market to accelerate global climate action

Stuart Mitchell

Integrity Council for the Voluntary Carbon Market (ICVCM) and the Voluntary Carbon Markets Integrity Initiative (VCMI), representing key stakeholders in the voluntary carbon market (VCM), have announced their joint commitment to ensuring investors in the voluntary carbon market can invest confidently in high-integrity credits as part of comprehensive end-to-end climate strategies. With plans underway for coordinated launches of new standards throughout 2023, the shared aim of the organizations is to operationalize a high-integrity voluntary carbon market that the private sector can invest in as a critical complement to corporate efforts…

Read More