On 28 June, the Voluntary Carbon Markets Initiative (VCMI) will launch its Claims Code of Practice, an initiative creating a framework for consistent claims of corporate climate action, designed to be clear and transparent about use of carbon offsetting and ensure increased ambition over time. Currently it is still unclear what will be included in the final code, but Jonathan Shopley, Director of External Affairs at Climate Impact Partners, shares his thoughts on what he would like to see included.
"The framework is an opportunity to build a big climate action tent that can crowd more people in, but to do this it must:
- Be usable- it must create a pragmatic on-ramp for companies, no matter their size or location, to take immediate and credible climate action, be transparent, and raise ambition over time.
- Remove confusion- carry sufficient weight that it is used and embraced globally, taking away ambiguity around claims wherever they are made, and demonstrating how it aligns with other claims and initiatives.
- Enable more- demonstrate that the voluntary carbon market is valuable to corporates, delivering the quality and the benefits necessary, to ensure they continue taking action."
"Our primary goal must be to harness more private sector finance to drive greater change and impact. To do that, companies must feel that they can be simply, credibly recognised for their action and leadership," Shopley concludes.
The framework is an opportunity to build a big climate action tent that can crowd more people in.
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