The Integrity Council for the Voluntary Carbon Market (ICVCM) and the Voluntary Carbon Markets Integrity Initiative (VCMI) announced earlier their partnership to operationalise a high-integrity Voluntary Carbon Market (VCM).
This collaboration creates a strong foundation by establishing an integrated market integrity framework to ensure quality, transparency, credibility, and accountability for VCM across the value chain and build trust among market participants.
VCMI has published its Claims Code of Practice on 28 June 2023, which will give companies a rulebook to follow for making credible climate claims, helping to build market confidence in how they engage with VCMs.
More new convergent industry standards will also be launched this year including ICVCM Core Carbon Principles (CCP) Category-level Announcement, and the first assessment decisions and labels for CCP-approved carbon credits.
This is a welcome step forward for the business community and we look forward to more collaborative initiatives to come this year.
Read more about the joint commitment and plans: https://lnkd.in/dtbXctzF
Details about the VCMI Claims Code of Practice: https://lnkd.in/gXn4b_9u