This Guidance, prepared by the Stockholm Environment Institute and the Greenhouse Gas Management Institute, provides general support in managing the reputational risks of using carbon credits.
It sets out essential criteria for carbon quality, identifies project types and sectors to prioritise or potentially avoid, and offers advice on strategies for procuring higher-quality credits.
The Guidance also explains potential considerations and concerns related to carbon credits associated with emission reductions versus removals and so-called ‘nature-based solutions’.
Responsible use, current initiatives, and thinking around carbon credits usage in the context of voluntary climate action and net zero targets are covered, as well as general elements of company strategies for responsible carbon credit use.
Readers are encouraged to track these various initiatives over time, given that this is a rapidly evolving topic.