Organizations should look to build a carbon reduction portfolio focused on addressing the sustainability challenge through diversity; balancing reductive changes within operations with investment in climate-positive projects.
A balanced portfolio addresses the complexity of the climate challenge by introducing various levers to positively mitigate your operational footprint.
- Emphasize carbon reduction.
Understanding where your corporate emissions are generated and where they can be reduced or eliminated is an important first step. Offsets are intended for areas of your business where emission reduction or elimination is not possible, but where a genuine desire for net-zero exists.
- Prioritize corporate values.
All Invert projects align to industry-recognized verification standards and global goals (UN Sustainable Development), by selecting projects that align to your corporate goals and values, you’re reinforcing your corporate identity through your investment.
- Identify investment value.
Offset pricing is reflective of the external and internal cost factors that go into producing the credit, including labor, operating costs, and R&D. Invert’s credible project portfolio has investment opportunities that align to all budgets.
Building a Carbon Reduction Portfolio Questionnaire.
Questions to consider in your identification and purchase of carbon credits.
Emphasize carbon reduction.
- How far is your organization in its decarbonization journey? Do you have a strategy in place that is being actively executed against?
- What are your total GHG emissions and the expected number of credits needed to achieve your company’s targets?
- Have you purchased credits before? If yes, through whom and what did you like or dislike about the experience?
- Do you have network partners that will need to offset their operations to help with your scope 3 or other companies that will need to be included in the purchase?
- Do you have a recent Environmental, Social, and Governance (ESG) report?
- Who will be involved in the decision-making process?
Prioritize corporate values.
- Arrange these in importance: price, location, social impact, vintage, credit type (removal/avoidance), project integrity, biodiversity, portfolio mix.
- How do you want the purchase of carbon credits to help tell your story?
- What are the core values and priorities within your organization that have led you to consider the purchase of carbon credits?
- Do you have a marketing and communications strategy in place to help maximize the ROI of purchasing credits?
- How will you measure the organizational success of your carbon credit purchase?
Identify investment value.
- What is your timeline for the purchase and retirement of credits?
- Do you have budget to support the purchase of credits? If yes, what is your budget? If no, are you looking to understand pricing to budget for a future purchase?
- How many years of credits are you looking to purchase?
- Have you considered forward contracts to price protect your purchase of credits?
Interested in learning more? Contact us to continue the conversation.
