Bain & Company makes highest integrity carbon credit claim under VCMI rulebook
"This is a crucial step in fostering a high-integrity voluntary carbon market and shows how corporate decarbonization and the use of VCMs can complement each other to accelerate the transition to net zero," VCMI executive director Mark Kenber said.
Global consultancy Bain & Company has made the first platinum-tiered carbon integrity claim under guidance issued by Voluntary Carbon Market Integrity Initiative (VCMI) aimed to help buyers navigate carbon offsets.
It was the first instance of corporate applying for the highest level of quality claims under VCMI's Carbon Integrity Claims, which aims to bring integrity to the demand side of voluntary carbon markets, the industry body said Feb. 26.
"This is a crucial step in fostering a high-integrity voluntary carbon market and shows how corporate decarbonization and the use of VCMs can complement each other to accelerate the transition to net zero," VCMI executive director Mark Kenber said.
"Today marks a milestone in corporate climate action as Bain & Company make the first Carbon Integrity Claim. Their role as a first mover paves the way for other companies to step up and demonstrates true climate leadership."
The Carbon Integrity Claims, which have also been divided into silver, gold or platinum tiers, are designed to indicate if companies are going beyond science-aligned emissions cuts through the additional use of high( article continues at S&P Global )