Table 6 in the Certification Standard provides the definitive list of eligible BVC investments. The following table is a supplement to the Certification Standard. It offers additional detail to support the Climate Transition Budgeting process.
Category | Examples |
Market-based Instruments |
|
Carbon credits > Nature-based avoidance and removals credits > Energy and industry avoidance and removals credits (includes CDR) | Cost to purchase and retire eligible verified carbon credits |
Electricity Certificates > Unbundled RECs, GOs, etc | Cost to purchase and retire RECs equivalent to the amount of electricity consumed in your offices |
Low carbon fuel certificates > SAF certificates, ZEMBA credits, etc | Cost to purchase and retire SAF credits equivalent to the amount of upstream air freight shipments |
Directly Funded Mitigation Projects ** See Table 5 in the Certification Standard for the full list of eligible project types.
| NOTE: These projects look similar to VCA, but they occur outside the certifying entity’s value chain and thus have a higher threshold for documentation quality - learn more. |
Value chain-adjacent projects > Occurring within an entity’s broader economic or geographic market | Cost of an agroforestry project near a supplier’s farm. NOTE: Must be accompanied by Grade B or better documentation. |
Global mitigation projects | Cost to support a reforestation project that is 1) not connected in any way to your value chain, 2) not an eligible verified carbon credit project. NOTE: Must be accompanied by Grade B or better documentation. |