5. May, 2025

The use of carbon credits to meet Scope 3 targets: the Achilles heel of corporate climate action

The VCMI’s Scope 3 Action Code of Practice, launched on 30 April, provides structured guidance for companies to use high-quality carbon credits to address Scope 3 emissions. It builds on earlier versions of the VCMI Claims framework and aims to standardise credible climate claims.

The Code outlines a four-step process involving the use of high-quality credits (as defined by ICVCM or Article 6.4 – and alternatively CORSIA).

Despite its ambition, uptake has been limited, and the Code may face challenges due to misalignment with other standards such as the SBTi and EU Green Claims Directive.

This section of the article is locked. Request a demo to access premium content and explore all platform features.

Related content

Share this on

LinkedIn
X
Facebook

Our solutions

Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.

Search

Request a demo to access premium articles and platform features

Gain access to a wealth of premium articles and unlock multiple other features of our platform by requesting a demo today.

Join our newsletter

Newsletter Subscribe

Veyt is committed to protecting and respecting your privacy, and we’ll only use your personal information to administer your account and to provide the products and services you requested from us. From time to time, we would like to contact you about our products and services, as well as other content that may be of interest to you. You may unsubscribe from these communications at any time. Click here to view our terms and conditions.

Consent

Innovation

Innovation for us is a mindset encompassing the courage to challenge norms and the adaptability to evolving landscapes. Our commitment means we go beyond technological advancements, aspiring to redefine what’s possible.

Join our newsletter