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As an increasing number of companies set carbon neutral goals to demonstrate their leadership and action on meeting global climate targets, we are pleased to announce the release of the 2018 version of The CarbonNeutral Protocol. The Protocol is updated annually to ensure it delivers the global standard for robust, credible claims which represent the latest best practice.
Hundreds of companies throughout the world, such as Fetzer Vineyards, Elopak, Tata Steel, Sky and Sopra Steria, use The CarbonNeutral Protocol to achieve CarbonNeutral® certification for their entire operations or for particular events, products or services. First published in 2002, The Protocol is revised annually in accordance with the latest business, scientific and environmental standards, assuring the quality of CarbonNeutral certification claims.
“Corporates around the world continue to demonstrate their commitment to a global response to climate change. Achieving carbon neutrality enables businesses to combine their internal reduction programmes with investments in carbon finance projects and renewable energy generation which deliver immediate, impactful action on emission reductions,” commented Natural Capital Partners’ Managing Director, Jonathan Shopley.
“We are very pleased to see that The Protocol continues to be valued by corporates as a robust and pragmatic framework for action. It complements initiatives like Science Based Targets (SBT) when demonstrating climate leadership that goes beyond climate science to deliver net zero emissions, as well as renewable energy initiatives like RE100 by enabling companies to take action beyond energy-related emissions.”
We have extended our advice on setting internal reduction targets using the marginal abatement cost curve method to include the approach being developed by the SBT initiative. SBT has been developed by CDP, United Nations Global Compact (UNGC), World Resources Institute (WRI) and WWF to encourage greater ambition in corporate action on internal reductions by aligning targets with climate science.
New appendices on green gas certification and “insetting” – the latter describing the action of companies which site their emission reduction projects within their own supply chain and sphere of influence – were also added to this latest version of the Protocol to reflect the growing number of companies taking their climate action further.
Carbon offset standards and renewable energy (both electricity and gas) attribute standards are evolving rapidly to serve organisations committed to the Sustainable Development Goals (SDGs) or renewable energy initiatives such as RE100 and EV100. Natural Capital Partners is working closely with RECS International, which is developing guidance for businesses seeking to access renewable energy wherever they may be operating around the world.
Additionally, the 2018 Protocol recognises the Australian Emissions Reduction Fund as an approved carbon accounting standard, as well as a new quality standard for carbon finance projects which have demonstrable positive impacts on women, namely W+ by Women Organizing for Change in Agriculture and Natural Resource Management (WOCAN).
New client case studies include global supply-chain solutions company CHEP, which offers a CarbonNeutral pallet solution to its customers, as well as California-based Fetzer Vineyards, which is reinforcing the brand focus on environmentally-responsible wine with its CarbonNeutral company certification.
“While ambition and progress are both accelerating, clear guidance for business on credible, high quality programmes is critical,” said Jonathan Shopley. “In our twentieth year as a company, we were voted Best Offset Retailer for the seventh year in a row by our industry peers, and we will continue to use our expertise and knowledge in this space to support our clients’ carbon neutral programmes in 2018.”
If you would like to find out more about the latest version of The Protocol, or to discuss your environmental goals for 2018, please do not hesitate to contact us on email@example.com, 1-212-390-8835 and 1-646-367-5800 for North America, or firstname.lastname@example.org and +44 (0)20 7833 6000 for Europe and beyond.