CNaught Perspectives - October
Happy October! This month, we’re excited to bring you the latest updates from our team and key industry news across the sustainability landscape. Read on to learn about our new storytelling tools, our new “Carbon Credits 101” blog series, and how we helped Thrive Home Builders achieve carbon neutrality for their ambitious home build.
Insights from our Blog
We heard from you that having easier access to detailed project information would be helpful, which is why we’re excited to introduce the new Impact Hub! With this new update, you’ll see three new pages where you can access more information about your portfolio purchases, equipping you with the tools you need to effectively communicate your climate impact.
?? Science: Carbon Credits 101: Understanding Additionality
We're excited to announce the launch of our new blog series, “Carbon Credits 101: Understanding the Basics”! This series is designed to support those who are just getting started navigating the Voluntary Carbon Market (VCM) and are looking for guidance to make informed credit purchases.
The first post in the series explores additionality. For companies purchasing carbon credits to meet their climate goals, ensuring that those credits come from high quality projects is crucial. While there are many factors to consider when evaluating project quality, additionality is by far the most important. We deep dive into what additionality actually means, challenges in the assessment process, and how you can ensure your projects are additional.
?? Case Study: Building a Carbon Neutral Home with Thrive Home Builders
After the 2021 wildfires in Denver, Thrive Home Builders set the ambitious target to be carbon neutral by the end of 2024 - from their corporate operations to every home they built. After Thrive reduced emissions on their Panorama Home, we worked with them to offset their remaining emissions through our diversified portfolio, and helped them achieve carbon neutrality on their ambitious project, at an affordable price.
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Meet Us at Upcoming Events
In the month of October, find the CNaught team at:
If you’ll be there, we’d love to meet you! Find a time here.
Relevant News
?? CA SB 219 (previously 253 & 261) was signed into law on September 27, 2024. The Climate Corporate Data Accountability Act (CCDAA) requires some US companies doing business in California to disclose their scope 1, 2, and 3 emissions, beginning in 2026 on 2025 data.
?? Science Based Targets initiative released an updated project terms of reference to their Corporate Net Zero Standard, with minor adjustments including the intention to refine the approach to neutralization. By removing “definitions of neutralization milestones” from their list of exclusions, SBTi hints that they may be moving towards allowing carbon removal credits to be used for companies’ Scope 3 emissions - a major step for the overall market.
?? Scaling Up Private Sector Action on Climate Change: We Mean Business Coalition explores how emissions accounting principles and processes developed under the Paris Agreement can provide lessons for further development of GHG accounting and voluntary target claims systems used by companies.
Get in Touch
Our mission is to make it easy to use carbon credits to accelerate your climate impact. Follow us on LinkedIn or talk to our team to learn more about how we can help your organization meet your goals.