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 July 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
July 2025 demonstrated robust activity in the voluntary carbon market, with significant retirements from major corporations across diverse sectors including materials, energy, aviation, and technology. Companies are leveraging carbon credits to meet ambitious climate goals, address operational emissions, and offer carbon-neutral products to their customers.
Here are some of the most significant activities:
Ascend Performance Materials Leads with Massive Retirements: U.S. materials producer Ascend Performance Materials Operations LLC was a standout player this month, retiring a massive 159,779 tonnes of CO2e. These retirements, from their own GHG management projects (CAR1624 and CAR1480), were made to "remove impact of generated credits on PCF disclosures," signaling a sophisticated approach to corporate climate accounting.
ANWB Energie's Major Offsetting for Gas Supply: Dutch energy company ANWB Energie retired a total of 227,200 tonnes from several renewable energy projects in India. The primary reason was for "CO2-compensatie levering gas aan eindverbruikers" (CO2 compensation for gas supply to end users), highlighting the growing trend of offering carbon-neutral energy products to consumers.
Boeing Offsets Significant Business Travel Emissions: Aerospace giant The Boeing Company retired a substantial 162,000 tonnes of CO2e. The company stated this was to offset its "Scope 3 emissions from business travel in 2024," utilizing a variety of forestry and GHG management projects in the U.S., Mexico, and Cambodia.
Major Retirements from Global Brands:
Tokyo Gas Co., Ltd.: The Japanese utility retired a significant 257,408 tonnes from the Katingan Peatland Restoration and Conservation Project in Indonesia (VCS1477) for a specific LNG cargo delivered in July 2025.
Alcantara Spa: The Italian luxury material producer continued its commitment to carbon neutrality, retiring over 96,000 tonnes from renewable energy projects in India and Turkey to offset its operational emissions for its 2024-2026 fiscal years.
Natura Cosméticos S.A.: The Brazilian cosmetics giant retired 200,000 tonnes from the BRAZILIAN AMAZON APD GROUPED PROJECT (VCS2551) to offset its 2025/2026 carbon emission inventory.
Consistent Climate Action from Various Sectors:
Melbourne Water: The Australian water utility retired over 166,000 tonnes from various energy efficiency and GHG management projects in Indonesia and China to meet its emission reduction targets set by the Victorian government.
NetJets and Church & Dwight Co Inc.: Through Climate Impact Partners, private aviation company NetJets retired over 125,800 tonnes and consumer goods company Church & Dwight Co Inc. retired over 64,800 tonnes from U.S. GHG management projects to address their annual emissions.
Zeta Global Corp. and TravelPerk SL: Tech companies also made their mark. Zeta Global Corp. retired over 53,000 tonnes, while travel management company TravelPerk SL retired over 19,000 tonnes to offset their corporate and client-related emissions.
Ecologi Action Ltd and Bonneville Environmental Foundation: Environmental platforms continued to be major players. Ecologi retired over 36,000 tonnes on behalf of its subscribers, and the Bonneville Environmental Foundation retired over 200,000 tonnes for its customers from a wide array of projects.
Summary charts on amounts retired sorted by sector, country, and company are below: are below:

Amount retired in Jul. 2025 by sector and country

Amount retired in Jul. 2025 by company
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.
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.


