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 January 2025.
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Retirement Records For This Month
Let’s dive into records for this month!
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(In the future, it might be available only to premium subscribers)
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:
Shell's Comprehensive Offsetting: Both Shell and Shell Energy North America (US), L.P. stand out this month for their very large volume of carbon credit retirements. These actions include projects from various registries (VCS, ACR), vintages, and project types, suggesting a broad strategy for addressing their environmental footprint. A particularly large portion of the VCS retirements were from the Katingan Peatland Restoration and Conservation Project in Indonesia, suggesting a focus on nature based projects.
U.S. Venture, Inc.’s Consistent Offset Strategy: US Venture stands out for making multiple retirements throughout January, across various projects and vintages. This suggests a planned and methodical approach toward offsetting Scope 1 and 2 emissions, and employee emissions and suggests that the company has a robust sustainability program.
Salesforce, Inc.’s Active Role in Corporate Offset: Salesforce Inc. demonstrates its continued environmental commitment by retiring large quantities of credits this month from multiple different projects under the American Carbon Registry (ACR). This highlights their focus on addressing their corporate emissions across multiple projects.
Paris 2024 Olympic and Paralympic Organizing Committee's Offset Efforts: The committee has been very active this month, retiring multiple credits from energy efficiency projects in Nigeria through the Gold Standard (GLD) . They seem focused on offsetting their carbon impact from events in 2022 and 2023.
Summary charts on amounts retired sorted by sector and country are below:
Amount retired in Jan. 2025 by sector and country
If you are a subscriber, 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 at the bottom of this article.
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
Below is a link to the dataset for subscribers and top companies that retired credits.
Amount retired in Jan. 2025 by company
Stay Informed
The world of carbon credits is constantly evolving, so we'll continue to provide regular updates, insights and analysis as it happens.
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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.