About This Article
Welcome to our monthly update on the voluntary carbon market. This month, we delve into the world of carbon credit retirements, highlighting significant activities and noteworthy trends we've observed in Feb. 2025.
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Retirement Records For This Month
Let’s dive into records for this month!
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Please note that:
The dataset only includes records from the following voluntary carbon credit registries, which are publicly available on their website: American Carbon Registry (ACR), ART TREES (ART), Climate Action Reserve (CAR), Gold Standard (GLD), and Verra (VCS).
We have only included records where the retirement quantity is equal to or greater than 1,000 tonnes of CO2e.
The company assigned to each retirement record was determined based on the information present in each individual note.
Sector information is categorized in reference to the Global Industry Classification Standard (GICS) to align each entry with the most likely respective industry.
Key Takeaways
Let's highlight some of the significant trends from this month’s retirement records:
Eni's Substantial and Consistent Offsetting: Italian energy giant Eni, through its divisions Eni Upstream and Eni Plenitude, demonstrates a strong commitment to carbon offsetting with numerous large-volume retirements throughout February. Notably, Eni Upstream’s retirements, totaling over 4 million credits, are consistently attributed to offsetting Scope 1 and 2 GHG emissions for the year 2024, aligning with their decarbonization strategy. These retirements predominantly utilize forestry projects in countries like DR Congo, Zambia, and Tanzania, reflecting a significant investment in nature-based solutions.
Shell's Diverse Portfolio of Retirements: Shell continues to be a major player in the voluntary carbon market, with retirements spanning various project types, vintages, and registries. Similar to January, a significant portion of Shell's retirements come from the Katingan Peatland Restoration and Conservation Project in Indonesia. This month also sees Shell utilizing Gold Standard credits from energy efficiency projects in Uganda and Malawi, showcasing a diversified approach to carbon offsetting that includes both nature-based and technology-driven solutions.
Hörmann KG Verkaufsgesellschaft's Renewable Energy Focus: Hörmann KG Verkaufsgesellschaft, a German industrial company, stands out for its consistent retirement of credits from renewable energy projects, primarily wind power, in India and Chile. These retirements, executed on multiple days in February, suggest a strategic approach to neutralize their carbon footprint through investments in clean energy infrastructure.
CATL Group's Carbon Neutrality Drive: Contemporary Amperex Technology Co., Limited (CATL) and its subsidiaries, including Guangdong Ruiqing and Chengdu Xinjin, are actively retiring carbon credits to achieve carbon neutrality for their operations in 2024. These retirements, sourced from renewable energy projects within China like wind and hydropower, underline a commitment from a major technology manufacturer to mitigate their operational emissions within their home country.
Summary charts on amounts retired sorted by sector, country and company are below:
Amount retired in Feb. 2025 by sector and country
Amount retired in Feb. 2025 by company
You can find a complete list of retirement records with the project information for this month, as well as a chart of the top companies that retired the most credits, in the Google Spreadsheet.
However, downloading and copy-pasting are disabled even for subscribers. If you want to download the file, please purchase Excel file from the link below:
The dataset includes:
General company information
Company Name (who most likely retired the credit based on the retirement note)
Country of the company
URL
Sector (GICS Code base)
Industry Group (GICS Code base)
Company Description
Retirement record
Project ID
Quantity
Retirement Account (CAR, ACR, ART) / Retirement Beneficiary (VCS, GLD)
Retirement Note
Retirement Reason
Transaction Date
Transaction Type
Vintage
Project information about the retired credit
Project Category
Project Country
Project's First Issuance
Project's First Retirement
Total Amount Issued
Project Name
Project URL
Project Proponent
Project protocol
Total Amount Retired
Status
Stay Informed
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Disclaimer
The information provided in this carbon credit retirement database is intended for informational purposes only. While we strive to ensure the accuracy of the data, we cannot guarantee its completeness or correctness. The data is compiled from publicly available sources and may be subject to errors, omissions, or updates not yet reflected in our records.
No Warranty: The information provided is "as is" without any warranties, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose, or non-infringement.
Reliance: Any reliance you place on the information provided is strictly at your own risk. We recommend that you verify the data from other reliable sources before making any decisions based on the content of this database.
Independent Judgment: Users should exercise their own independent judgment when interpreting and using the information in this database. We are not responsible for any actions, consequences, or losses that may result from your use of this data.
Interpretation of Data: The analysis presented in the newsletter is based on our independent assessment of available information, and may not align with the viewpoints of other parties.
Registry Scope: Note that the dataset is limited to the following voluntary carbon credit registries: American Carbon Registry (ACR), ART TREES (ART), Climate Action Reserve (CAR), Gold Standard (GLD), and Verra (VCS). Retirements from other registries are not included in this analysis.
Data Aggregation: The aggregation of data, including identification of retiring companies and classification of sector information, is based on our interpretation of available notes and alignment with GICS codes. These interpretations are based on our own discretion and may be subject to varying perspectives.
Limitation of Liability: In no event will we, our employees, or partners be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including but not limited to, loss of profits, data, use, goodwill, or other intangible losses, resulting from your use or inability to use the data, even if we have been advised of the possibility of such damages.
Changes: The database and newsletter may be subject to updates, modifications, or removal at any time without prior notice. We will do our best to ensure accurate representation of current retirement data, but assume no obligation to update data after each publication.
By accessing or using the provided database and information, you agree to the terms of this disclaimer.