Joint statement: Carbon markets must be a transparent, high integrity part of broader corporate climate action

A joint statement by 18 organizations asserting that voluntary carbon markets are a critical but underutilized source of climate finance. It advocates for the adoption of high-integrity standards, specifically highlighting the Voluntary Carbon Market Integrity Initiative (VCMI) and the Integrity Council on Voluntary Carbon Markets (ICVCM), to ensure carbon credits complement rather than replace direct corporate emissions reductions.

• Corporate climate finance has not grown sufficiently to meet global goals, increasing by only 5% from $183 billion to $192 billion annually between 2018 and 2023.
• Evidence suggests that companies using voluntary carbon markets are more likely to decarbonize year-over-year and invest more in their own supply chain emission reductions—three times more—than companies not using these markets.
• The Voluntary Carbon Market Integrity Initiative (VCMI) is identified as a significant advancement because it requires companies to use high-integrity credits aligned with the ICVCM's Core Carbon Principles Assessment Framework, maintain annual transparency in disclosure, and ensure progress toward science-based targets.

APA

Whittaker, M. (2023). Joint statement: Carbon markets must be a transparent, high integrity part of broader corporate climate action. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/joint-statement-carbon-markets-must-be-a-transparent-high-integrity-part-of-broader-corporate-climate-action/

Chicago

Whittaker, Mary. Joint statement: Carbon markets must be a transparent, high integrity part of broader corporate climate action. We Mean Business Coalition, 2023. https://www.wemeanbusinesscoalition.org/blog/joint-statement-carbon-markets-must-be-a-transparent-high-integrity-part-of-broader-corporate-climate-action/.

Wikipedia

{{cite press release |last1=Whittaker |first1=Mary |title=Joint statement: Carbon markets must be a transparent, high integrity part of broader corporate climate action |publisher=We Mean Business Coalition |date=4 December 2023 |url=https://www.wemeanbusinesscoalition.org/blog/joint-statement-carbon-markets-must-be-a-transparent-high-integrity-part-of-broader-corporate-climate-action/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{whittaker2023joint, author = {Whittaker, Mary}, title = {{Joint statement: Carbon markets must be a transparent, high integrity part of broader corporate climate action}}, publisher = {We Mean Business Coalition}, year = {2023}, month = dec, url = {https://www.wemeanbusinesscoalition.org/blog/joint-statement-carbon-markets-must-be-a-transparent-high-integrity-part-of-broader-corporate-climate-action/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }