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 June 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
June 2025 saw a staggering volume of retirements driven by compliance obligations, particularly in South Africa, alongside continued large-scale climate commitments from the technology, energy, and industrial sectors.
Here are some of the most significant activities:
TASC SA Pty Ltd Drives Unprecedented Volume for SA Carbon Tax: The most dominant player this month was by far TASC SA Pty Ltd, a South African carbon project developer. The company retired a colossal 3.5 million tonnes of CO2e from the VCS2505 Fuel Efficient Cooking in South Africa project. The retirement notes explicitly state this action is "In accordance with the Regulations on carbon offsets under Section 19 of the Carbon Tax," demonstrating how national climate policies can trigger massive movements in the voluntary market.
AGL Energy Leads Utility Sector Retirements: Australian energy giant AGL Energy Limited retired over 630,000 tonnes of CO2e. These retirements were made across numerous Gold Standard energy efficiency projects in Kenya and Zambia to support its "Carbon Neutral Certification under Climate Active" for its electricity, gas, and telecommunications products for 2024.
Major Tech and Entertainment Brands Make Big Moves:
Netflix, Inc.: The streaming service retired over 146,000 tonnes "for the sole benefit of Netflix, Inc." The retirements came from a mix of forestry projects, including the Acapa - Bajo Mira Y Frontera REDD+ Project in Colombia (VCS1389) and the Scott River Whiskey IFM Project in the United States (ACR733).
Lenovo: The technology company continued its client-focused offsetting program, retiring over 114,000 tonnes from the Phlogiston Phase I project in the U.S. (CAR1480) on behalf of its customers.
Zurich Insurance Company Ltd.: The global insurer retired a combined total of over 62,000 tonnes from two distinct forestry projects, the Rimba Raya Biodiversity Reserve in Indonesia (VCS674) and the Delta Blue Carbon project in Pakistan (VCS2250), to address its "2024 Operational Emissions."
Heavy Industry and Aviation Show Commitment:
Acciaieria Arvedi spa: The Italian steel manufacturer retired approximately 190,000 tonnes from a diverse portfolio of renewable energy and forestry projects as part of its "Arvzero Project," a significant move for a hard-to-abate sector.
Air Canada: Canada's largest airline retired over 145,000 tonnes from a wide range of projects globally, including forestry in Peru and Canada and renewable energy in India, continuing its significant presence in the market.
Environmental Service Companies Retire for Internal and Client Use:
Tradewater, LLC: The U.S.-based company, which focuses on collecting and destroying greenhouse gases, made a single large retirement of 116,534 tonnes for "Tradewater internal use" from its own project (ACR894).
Ecologi Action Ltd: The climate action platform retired over 103,000 tonnes from forestry and landfill gas projects in Colombia and Brazil on behalf of its subscribers for various periods throughout late 2024 and early 2025.
Summary charts on amounts retired sorted by sector and country are below:
Amount retired in Jun. 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 Jun. 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.