A quality carbon offset project mitigates emissions by reducing, avoiding, or removing carbon from the atmosphere whilst presenting co-benefits such as improving livelihoods, conserving biodiversity and contributing to a host of the UN’s Sustainable Development Goals.
Responsible offsetting follows the “mitigation hierarchy”
Responsible offsetting must follow the mitigation hierarchy, which prioritises investments in avoiding and reducing CO2e emissions within the value chain. Some examples of this would be moving over your vehicle fleet to electric, procuring renewable energy or paying more for raw materials that are lower carbon. ClimatePartner supports companies in evaluating a host of opportunities before they look to offsetting.
Once these options are exhausted, then the Science Based Targets Initiative (SBTi) recommends “companies to go further by making investments outside their science-based targets to help mitigate climate change elsewhere. There is an urgent need to scale up near-term climate finance; however, these investments should be in addition to deep emission cuts, not instead of them.” (See point 4, SBTi Net Zero Standard).
Indeed, reducing a carbon footprint often involves long-term initiatives such as engaging with your supply chain or re-thinking your business model with circular economy principles.
From exclusive project development to access to existing, certified, and high-quality projects
ClimatePartner invests in, and develops, high-quality, (often) small-scale offsetting projects all around the world. This allows ClimatePartner to provide its clients with a broad portfolio of approximately 400 high-quality, third-party certified carbon offset projects to choose from when investing.
ClimatePartner’s services range from carbon offsetting strategy advisory, carbon credit procurement from its existing portfolio, insetting (offsetting projects within your value chain), to exclusive and bespoke offsetting project development.
ClimatePartner’s 15 years of experience in the corporate climate solutions space means that it has developed state-of-the-art due-diligence processes to ensure only projects which meet the highest levels of project quality (spanning multiple criteria such as additionality, permanence, non-leakage etc.) make it to into its portfolio.
Transparency and trust in everything we do
ClimatePartner believes that the carbon markets can be an incredible tool and force for good in the fight against global warming, but only if organisations are more transparent in their overarching climate strategy and investments. That is why ClimatePartner provides individual tracking webpages to all its clients, which detail the exact projects supported, standards adhered to, validators and verifiers, annual carbon savings, Sustainable Developments Goals which it supports, and more.
All of ClimatePartner’s carbon offset projects are based on international standards, such as the Verified Carbon Standard (VCS) and, the Gold Standard, and are regularly audited by independent third parties. These standards set out the rules and requirements that all carbon offset projects must meet in order to be recognized as a proven method of reducing carbon emissions.
Additionally, ClimatePartner’s registry management is audited annually by one of the leading environmental auditors TÜV Austria.
N.B. The information contained in this entry is provided by the above supplier, and does not necessarily reflect the views and opinions of the publisher