On Today’s ICVCM Approval of Verra’s Landmark Verified Carbon Standard Program

From its inception almost 20 years ago, Verra has pioneered market solutions to drive finance into climate action. We have been honored with the confidence of project stakeholders and market investors. Today, we celebrate the Integrity Council for the Voluntary Carbon Market’s (ICVCM) recognition that our landmark Verified Carbon Standard (VCS) Program is fully aligned with the detailed criteria of the Core Carbon Principles (CCPs) for high-quality carbon credits.

Verra is proud to be part of this collective journey to raise the quality bar across carbon markets. The ICVCM’s work to establish a common understanding of credit integrity is crucial to realizing it on the ground – both in established crediting programs like ours and in those of newer market entrants. We must all stand for rigor, transparency, and vigilance for science-backed and consensus-driven standards. Verra will continue to work with the ICVCM as we all strive to innovate and evolve market standards to maximize climate impact and advance sustainable development.

Verra’s core mission is to enable investment to flow into tangible and effective climate action. This is especially so in developing countries where the presence of reliable finance can help facilitate a transition to low-emissions economic growth and unlock opportunities for sustainable development. We believe ICVCM’s important work will further support the delivery of quality credits across the voluntary carbon market.