Carbon Credit Certification
Mitigating the Impact of Climate Change
The Verity One Trust Seal certifies organizations, products, events, and selected Scope 3 categories to PAS 2060.Carbon neutral certification for organizations, sites & events
The Verity One Trust Seal certifies organizations, sites, and events that have a robustly measured footprint, a commitment to year-on-year emissions reduction evidenced in a plan demonstrating how reductions will be met, and have offset their remaining footprint with verified carbon sinks and/or carbon credits.
A carbon credit is a permit that allows the owner to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one ton of carbon dioxide or the equivalent in other greenhouse gases.
The carbon credit is half of a so-called " cap-and-trade " program. Companies that pollute are awarded credits that allow them to continue to pollute up to a certain limit. That limit is reduced periodically. Meanwhile, the company may sell any unneeded credits to another company that needs them.
Private companies are thus doubly incentivized to reduce greenhouse emissions. First, they must spend money on extra credits if their emissions exceed the cap. Second, they can make money by reducing their emissions and selling their excess allowances.
The certifies products that are either carbon neutral through upstream natural carbon sinks (eg. plants, soil, oceans, and the atmosphere) or have purchased offsets to the value of their annual emissions. For products using offsetting as a means of compensation, a commitment to year-on-year emissions reduction evidenced in a plan demonstrating how the reduction commitments will be met is also necessary to become certified. The label can be used on the product to communicate its sustainability credentials.
Boundary - Carbon neutrality has a minimum requirement of covering Scope 1 & 2 emissions with Scope 3 encouraged. Net Zero must cover Scope 1, 2 & 3 emissions.
Level of ambition - there is no requirement for a company to reduce its emissions on a certain trajectory in order to be carbon neutral. To be Net Zero, an organization must be reducing its emissions along a 1.5ᵒC trajectory across Scopes 1, 2 & 3.
Approach to residual emissions - to achieve carbon neutrality, an organization must purchase carbon offsets that either result in carbon reductions, efficiencies, or sinks. For Net Zero, an organization must purchase greenhouse gas removals that result in carbon sequestration from the atmosphere.
The Verity One Trust Seal is the world’s leading independent certification body for carbon footprints. Our certification process follows the only internationally recognized carbon-neutral standard, PAS 2060, with input from the Verity One Trust.
We ensure the robustness of carbon accounting, the strength of carbon management plans and that credible and high-quality offsets have been purchased.
The Verity One Trust Seal recognizes Gold Standard, VCS, and UK Woodland Carbon Code credits for offsetting.
When you make us your carbon credits development partner, you get access to a team of technical experts and marketeers who leave no stone unturned to convert real-world experiences into success stories.
- Blockchain Expertise: We have experimented a minimum of 1000 times with blockchain and know what will work best for you. We do a few things, but we do them extremely well.
- Team of Enthusiastic Experts: Our team of experts exudes the perfect blend of enthusiasm and perseverance needed to refine your offering, following the best tech approach and building communities for your campaigns.
- Accelerated Development: We deliver products that are personalized and strike the right chord with your audience. A well-defined roadmap helps us make the process smooth and accelerate development and deployment.
- 24/7 Support: We don’t leave you hanging after the product launch. Our post-delivery services are something you will not find elsewhere in the market. All you need to do is focus on your business growth while we manage the product.
- Mission-Driven Outcomes: We make sure to create that big impact on your users and that you get 10x value from your investments.
Our carbon credit services will help you contribute your bit to the environment, collaborate with tech giants, and maximize revenue.
As individuals and companies look for new ways and tools to manage the impact of climate change, carbon credits are getting popular as they help the fossil fuel industry become more efficient.
But, what exactly is a carbon credit? Well, it is a tradeable permit or certificate that gives an individual or company the right to emit 1 ton of carbon dioxide or an equivalent of another greenhouse gas.
The present carbon offset market is rife with inefficiencies. This is because credits are sold in bulk to enterprises, and it results in barriers for smaller groups or individuals. The latter thus struggles to make that environmental impact. But, with blockchain in the picture, small businesses are also matching the levels of tech giants and contributing their bit.
Verity’s expertise in technology and IT management let us be your trusted guide along your blockchain-based carbon credit platform development journey. Our flexible approach, mission-driven solutions, and accelerated deployment help you tread faster and gain a solid competitive advantage.
The transparent nature of blockchain is highly beneficial for trading carbon credits while aggregating small buyers for carbon offset projects.
The immutable and highly- secured distributed ledger lets us issue reliably and track carbon credits. Furthermore, public blockchains are easily accessible by small and medium-sized enterprises. This, in turn, reduces the entry threshold for the carbon trading market.