The International Carbon Registry (ICR) has received a full endorsment by the International Carbon Reduction and Offset Alliance (ICROA). This achievement highlights ICR’s commitment to maintaining high standards of governance, transparency, and integrity in carbon credit issuance.
A Rigorous Endorsement Process
ICROA’s endorsement process includes thorough third party assessments to ensure carbon programs meet standards for impact, independence, and engagement. ICR’s successful endorsement demonstrates the program’s robust procedures and dedication to high quality carbon credit issuance.
Significantly, ICR is the second organization to be endorsed against the latest version of ICROA’s guidelines. The updated guidelines have higher standards, including more stringent conflict of interest management and greater transparency. ICR completed the endorsement process within less than 12 months, demonstrating efficient and transparent operations.
Strengthening Integrity in Carbon Markets
Antoine Diemert, ICROA Approval and VCM Policy Director at the International Emissions Trading Association (IETA), said, “ICROA is pleased to add ICR to its list of endorsed crediting programs. ICR’s work incentivizes and accelerates the transition to a circular and sustainable industry, and their standard has successfully met all of ICROA’s criteria.”
This endorsement underscores ICR’s alignment with ICROA’s high standards and its contribution to advancing sustainable and circular industry practices. By meeting these exacting criteria, ICR is reinforcing its position as a trusted player in the global carbon market.
ICR’s Growing Impact in the Global Carbon Market
The International Carbon Registry supports 121 projects worldwide, covering both nature based solutions and technology driven innovations across diverse climates. Twenty Validation and Verification Bodies (VVBs) support these projects, ensuring they meet strict standards for registration and carbon credit issuance.
ICR relies on ISO standards as its foundation for project validation, verification, and accreditation. ICR adds its own set of requirements, focusing on innovation, efficiency, and safeguarding environmental and socio-economic integrity.
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Enhancing Trust and Credibility in Carbon Credits
Additionally, the ICROA endorsement adds a significant layer of credibility to the climate projects registered with ICR, ensuring that the carbon credits issued are of the highest quality. This recognition reassures companies, stakeholders, and also investors that ICR’s credits are additional, measurable, permanent, real, certified, and aligned with the broader Sustainable Development Goals (SDGs).