7 October 2022
Greater transparency the major win from Integrity Council proposals
Ronan Carr
Chief Research Officer
5 min
The Integrity Council for the Voluntary Carbon Market (IC-VCM) recently closed their consultation on proposals to set higher thresholds for quality and integrity in the VCM. In this article Ronan Carr, Chief Research Officer at BeZero Carbon, discusses what the proposals could achieve and how they complement ratings.
BeZero shares the goal of the IC-VCM and Core Carbon Principles to raise standards of integrity and promote quality across the VCM.
Raised standards of transparency and disclosure are the ‘lowest hanging fruit’ within the IC-VCM draft: providing a high return for minimal disruption.
Where the IC-VCM can raise the bar for information quality in the VCM, ratings will complement this providing a more detailed understanding of risk and value in the market.