Utilizing NCS Voluntary Carbon Credits in Corporate Net Zero Emissions Plans

On October 10, 2023, IBCSD and the Nature Climate Solutions (NCS) Alliance held a webinar to discuss the opportunity to utilize voluntary carbon credits as a solution to mitigate the climate crisis. Climate and biodiversity crises and inequality issues have a negative impact on business operations. Businesses are encouraged to take action beyond the value chain.

One way that businesses can mitigate their emissions is through Nature Climate Solutions (NCS), which are steps taken based on Nature-Based Solutions to address the climate crisis. Nature-Based Solutions are actions taken to preserve and manage land and ecosystems, which also benefit society.

Voluntary carbon credits are one way to fund NCS carbon projects to address the climate crisis. Companies wishing to mitigate emissions through voluntary carbon credits in NCS projects need to ensure that the projects invested in are of high quality, which are efficient to reduce emissions while benefiting the surrounding communities.

“There is a new way of doing business where we can be transparent, equitable, serve a purpose, and be profitable,” Dharsono Hartono, IBCSD Executive Committee & CEO PT Rimba Makmur Utama

NCS Alliance is a multi-stakeholder coalition (80+ organizations) initiated by WBCSD to voice the importance of high quality NCS projects. The NCS Alliance has an NCS Procurement Hub that can serve as a forum for businesses to exchange and obtain NCS-related information and help businesses achieve their climate crisis mitigation goals.

More information about the NCS Procurement Hub can be accessed via: https://ncsprocurementhub.org/

Published on: October 10, 2023
By: IBCSD Editor
Content type: News & Insights
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