Projects that bring social benefits require due diligence beyond the standard, they require due diligence of the project itself, knowing the expected co-benefits, are these measurable and verifiable? Were socio-environmental safeguards correctly and timely applied? The real impact of social benefits must be framed in the SDGs and their national implementation.
Providing expert advice and brokerage in carbon markets | Founder, Emral Carbon and Jobs in Carbon
*Social co-benefits in voluntary carbon credit projects*
My thanks to ESG Investor and Emanuela (Emmy) Hawker for the opportunity to contribute to their article on social co-benefits in carbon projects.
As I noted, these projects happen in physical places where people live and work, so it’s important to understand the wider social impact of projects generating the carbon credits. The social-related impact of a VCM project can be the difference between a credit selling or not.
I also observed that more needs to be done on the social side of voluntary carbon markets. Far more robust due diligence is needed: for buyers to understand the true impact the carbon credit they are purchasing has had on communities where the project has been developed is paramount.
Projects that bring social benefits require due diligence beyond the standard, they require due diligence of the project itself, knowing the expected co-benefits, are these measurable and verifiable? Were socio-environmental safeguards correctly and timely applied? The real impact of social benefits must be framed in the SDGs and their national implementation.
Providing expert advice and brokerage in carbon markets | Founder, Emral Carbon and Jobs in Carbon
*Social co-benefits in voluntary carbon credit projects*
My thanks to ESG Investor and Emanuela (Emmy) Hawker for the opportunity to contribute to their article on social co-benefits in carbon projects.
As I noted, these projects happen in physical places where people live and work, so it’s important to understand the wider social impact of projects generating the carbon credits. The social-related impact of a VCM project can be the difference between a credit selling or not.
I also observed that more needs to be done on the social side of voluntary carbon markets. Far more robust due diligence is needed: for buyers to understand the true impact the carbon credit they are purchasing has had on communities where the project has been developed is paramount.
*Social co-benefits in voluntary carbon credit projects*
My thanks to ESG Investor and Emanuela (Emmy) Hawker for the opportunity to contribute to their article on social co-benefits in carbon projects.
As I noted, these projects happen in physical places where people live and work, so it’s important to understand the wider social impact of projects generating the carbon credits. The social-related impact of a VCM project can be the difference between a credit selling or not.
I also observed that more needs to be done on the social side of voluntary carbon markets. Far more robust due diligence is needed: for buyers to understand the true impact the carbon credit they are purchasing has had on communities where the project has been developed is paramount.
*Social co-benefits in voluntary carbon credit projects*
Our thanks to ESG Investor and Emanuela (Emmy) Hawker for the opportunity for our Managing Director, Simon Puleston Jones, to contribute to their article on social co-benefits in carbon projects.
As Simon noted, these projects happen in physical places where people live and work, so it’s important to understand the wider social impact of projects generating the carbon credits. The social-related impact of a VCM project can be the difference between a credit selling or not.
Simon also observed that more needs to be done on the social side of voluntary carbon markets. Far more robust due diligence is needed: for buyers to understand the true impact the carbon credit they are purchasing has had on communities where the project has been developed is paramount.
VCM 1.0 = co-benefits
VCM 2.0 = core benefits
The Voluntary Carbon Market (#VCM) evolution to high-integrity is underpinned by a simple theory of change: build integrity and scale will follow.
VCM can be an indispensable tool to fight climate change. It is complementary and should not detract from government and corporate efforts to decarbonize. A key distinct feature of the VCM is that it enables 1) access to private finance by 2) leveraging increasingly limited public funding that otherwise would not occur. Particularly for Natural Climate Solutions in developing countries, carbon credits are one readily available financial instrument that can help accelerate its near-term contribution to climate stabilization while benefiting indigenous peoples and local communities and biodiversity conservation.
Public scrutiny and climate stewardship by many actors are driving forward the most-needed innovation to ensure carbon credits are high-integrity. This means that regardless of where they are generated they address atmospheric accounting, avoid social and environmental negative effects, and sustainable development net positive impact is assured.
I thank ESG Investor for the recent opportunity to share more about The Integrity Council for the Voluntary Carbon Market (ICVCM)'s contribution to VCM 2.0. The Core Carbon Principles (CCP) introduce for first-time a robust safeguards framework and grievance mechanism with specific requirements for carbon crediting programs that we hope will guide its consistent implementation on the ground. ICVCM's CCPs are breaking new ground on sustainable development with a specific voluntary attribute for those willing to measure, report, and third-party verify their contributions to Sustainable Development Goals.
Innovation on social and environmental integrity should not translate into larger implementation costs. It is an essential activity that will contribute to de-risk investments in carbon credits. Third-party verified high-integrity carbon credits can align sustainable investment eligibility and enable access to the increasing impact investment flows.
I would be glad to collaborate with those interested in reducing complexity and streamlining the best available tools and practices by combining them with technology to generate user-friendly tools to facilitate decision-making on the ground.
ESG is more than just a buzzword; it's a new paradigm in investing. Our latest blog post explores what environmental, social, and governance factors mean in the world of finance.
Dive into the details and understand why ESG investing is on the rise.
#ESG#Sustainability#Investing
ESG is more than just a buzzword; it's a new paradigm in investing. Our latest blog post explores what environmental, social, and governance factors mean in the world of finance.
Dive into the details and understand why ESG investing is on the rise.
#ESG#Sustainability#Investing
On this year’s Earth Day 2024, here's some great news for the responsible investing-minded advisors in my network:
We have published a CFA-compliant ESG Disclosure Statement for 3 of our most popular funds. This milestone illustrates our commitment to transparency and alignment with the highest global standards in the responsible investing industry.
The detailed information provides you and your clients with valuable insights into our #ESG approach, enabling you both to make informed investment decisions that not only contribute to long-term value creation, but that also generate positive benefits for our planet. 🌎
#CFAInstitute#Transparency#EarthDay#FinancialAdvisor
