[Sample] Monthly Update of Voluntary Credit Retirements - Dec. 2024

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About This Article

Welcome to monthly update on the carbon offset landscape. Each month, we'll be diving into the world of carbon credit retirements, highlighting key trends, notable activities, and anything that catches our attention.

As businesses and organizations continue their journey toward carbon neutrality, we're seeing a steady flow of carbon credit retirements. This month, we’ve observed a number of notable actions that underscore the growing commitment to climate responsibility.

Retirement Records For This Month

Here are the records for this month.
(Since this is a sample post, the database is public. A subscription is required to access this section for regular posts)

Please note that:

• This database 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.

Check the dataset here!

Summary charts are below:

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Key Takeaways

Let's take a look at some standouts:

• Shell's Massive Retirements: We've noticed a very large volume of retirements by Shell this month, spanning multiple projects, vintages and standards. This activity includes several retirements from the Mai Ndombe REDD+ project (VCS934) in the Democratic Republic of Congo, with vintages from 2014 to 2020, suggesting an ongoing effort to offset the company's carbon footprint through nature-based solutions.

• JPMorgan Chase's Commitment: JPMorgan Chase Bank appears repeatedly on this month's list, retiring a variety of credits from forest-based projects. Additionally, there has been activity related to several different vintages from the TIST Program in Uganda, signaling commitment to long-term investments to address its carbon footprint and possibly aligning this to its commitment to net-zero.

• The Society for Worldwide Interbank Financial Telecommunication (SWIFT): A huge amount of carbon credits were retired this month for SWIFT. These retirement records range across multiple projects and vintages, displaying a continued commitment to mitigate it's emissions across a large variety of projects.

You can find a complete list of retirement records with the project information for this month on the Google Spreadsheet.

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

The world of carbon credits is constantly evolving, so we'll continue to provide regular updates, insights and analysis as it happens.

If you are interested in purchasing voluntary carbon credits, feel free to contact us.

Email: [email protected]

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.