Chestnut Carbon, a leading developer of nature-based carbon removal, has successfully executed its first issuance and sale of Improved Forest Management (IFM) credits under its conservation membership program, Forest Carbon Works.
Chestnut Carbon sold more than 64,000 tons of carbon removal credits to corporate clients such as JPMorgan Chase, raising $2.2 million. This is a huge step towards Chestnut’s vision to scale high-integrity forest conservation and give landowners access to carbon markets.
Scaling Carbon Markets for Forest Conservation
Forest Carbon Works, Chestnut’s US-based International Forest Management membership program, provides private forestland owners with a second source of revenue that enables them to keep their land instead of resorting to commercial logging.
Membership in the program has expanded quickly, covering over 150,000 acres in 36 states through February 2025. Through membership, landowners can support carbon removal and also keep the ecological health of their forests intact, yielding long-term climate benefits.
A Long-Term Carbon Storage Commitment
Chestnut differs from other IFM projects by placing long-term conservation easements on member land deeds, ensuring permanent forest preservation. These legally binding contracts guarantee carbon storage for over 60 years—well above the industry standard of 40 years for IFM projects. Additionally, by securing long-term carbon sequestration, Chestnut provides corporate buyers with a reliable and lasting impact on climate mitigation.
Ben Dell, CEO of Chestnut Carbon and Managing Partner of Kimmeridge, said, “We’re extremely proud to bring this issuance of IFM carbon removal credits to market. The high quality and integrity of our product offering is reflected in the premium pricing we’re receiving for our credits.”
Also read: Chestnut Carbon and Microsoft Sign Carbon Removal Agreement
Rigorous Standards and Verified Carbon Credits
Chestnut’s carbon credits meet Verra’s global certification standard for voluntary carbon markets. The credits go through rigorous third-party vetting to verify their authenticity, durability, and additionality. Chestnut focuses solely on carbon removal, ensuring its credits represent emissions pulled from the atmosphere and stored in growing forests, unlike many IFM projects that mix avoidance and removal.