Bain & Co, BCG and Natura among early adopters of climate claims integrity initiative
The VCMI Claims Code of Practice was released last June to lift the quality of climate claim based on carbon offsets.
Five companies have joined the Voluntary Carbon Market Integrity (VCMI) Initiative’s early adopters programme to accelerate the implementation of its Claims Code of Practice, which aims to improve the integrity of climate claims based on carbon offsets.
The Claims Code of Practice was published by VCMI last June to lift the quality of companies’ climate claims amidst growing scrutiny over the use of carbon offsets. It lays out foundational criteria companies must meet to make credible claims (such as having an SBTi-approved decarbonisation target) and divides those claims into tiers based on the proportion of the carbon footprint being offset through credits.
