VOLUNTARY CARBON MARKET DISCLOSURES
Last updated January 5, 2024
DISCLOSURES RELATED TO PROJECTS IN THE COMMONS OFFSET PORTFOLIO
The Commons Offset Portfolio is comprised of the following six offset and removals projects:
MANOA REDD+
- Purchased from: Pachama
- Project Developer: Biofilicia
- Location: Brazil
- Project ID: VCS 1571 (Verra registry)
- Project Type: Avoided Emissions — Avoided Unplanned Deforestation
- Protocol: VM0015 v1.1, Methodology for Avoided Unplanned Deforestation
- Project timeline:
- Date Project Registered: 06/04/2020
- Crediting Period: 01/01/2013 - 12/31/2042
- Credit Vintage: v2020
- Estimated Annual Emission Reduction: 257,469 MT (for entire project)
- Durability: 30 years
- VCS Project Validator: Earthood Services Private Limited
- Credit Verifier: Aster Global Environmental Solutions, Inc.
- Additional Standards: N/A
KATINGAN PEATLAND RESTORATION AND CONSERVATION PROJECT
- Purchased from: Pachama
- Project Developer: PT. Rimba Makmur Utama
- Location: Indonesia
- Project ID: VCS 1477 (Verra Registry)
- Avoidance: Reduced Emissions from Degradation and Deforestation (REDD)
- Removals: Afforestation, Reforestation, and Revegetation (ARR)
- Removals: Wetlands Restoration and Conservation (WRC)
- The percent breakdown across these credit types is unavailable, as Verra is not required to report this information. To be conservative, Commons categorizes this project as avoided emissions within our Portfolio.
- Protocol: VM0007 v1.5 REDD+ Methodology Framework (REDD+MF)
- Project Timeline:
- Date Project Registered: 06/04/2020
- Crediting Period: 11/01/2010 - 10/31/2070
- Credit Vintage: v2017
- Estimated Annual Emission Reduction: 7,451,846 MT (for entire project)
- Durability: 60 years
- VCS Project Validator: SCS Global Services
- Credit Verifier: Aster Global Environmental Solutions, Inc.
- Additional Standards: CCB (Third Edition), Wetland Rewetting and Conservation
GRASSROOTS CARBON
- Purchased from: Grassroots Carbon
- Location: USA (Texas, Oklahoma, Kansas, Colorado / Central Plains)
- Project ID: N/A
- Project Type: Carbon Removal, Soil Carbon Sequestration
- Protocol: Regenerative Standard v1.0 (from the Applied Ecological Institute)
- Project Timeline:
- Crediting Period: 2021-2031
- Vintage: v2022
- Delivery Date: 09/29/2022 (3500 tons)
- Durability: 10 years
- Project Validator: SCS Global Services
- Credit Verifier: Earth Optics
- Additional Standards: N/A
NORI
- Purchased from: Nori
- Location: Iowa, USA
- Project Owner: Adam Ullrich and Levi Ullrich
- Project ID: 5710554540802048
- Project Type: Carbon Removal, Soil Carbon Sequestration
- Protocol: Nori Croplands Methodology v1.2
- Project Timeline:
- Date of Project Registration: 04-28-21
- Crediting Period: 2021
- Vintage: 2016-2020
- Estimated Annual Emissions Reductions: 7 tonnes/acre/year
- Durability: 10 years
- Project Validator: Aster Global, Inc.
- Credit Verifier: Aster Global, INC.
- Additional Standards: None
CHARM INDUSTRIAL
- Location: Kansas, USA
- Purchased from: Charm Industrial
- Project developer: Charm Industrial
- Order number(s): #recAeBdsBnHPi5Tog and #c73b871f-dacc-4dba-92a5-f526a2c26987
- Project Type: Carbon Removal, Bio-oil Sequestration
- Protocol: Bio-oil Sequestration, Prototype for Measurement, Reporting & Verification (authored by Carbon Direct and EcoEngineers)
- Project timeline:
- Date of Project Start: 01-01-2022
- First Delivery to Commons: 05-24-2022 (1 ton)
- Second Delivery to Commons: 06-25-2023 (19 tons)
- Full Delivery Due: 12/31/2024 (remaining 185 tons)
- Estimated Annual Emission Reduction: ~10,000 metric tons
- Durability: 1000+ years
- Project Validator: None
- Credit Verifier: None
- Additional Standards: None
RUNNING TIDE — ICELANDIC PILOT PROJECT
- Location: Running Tide conducts RT0001 project activities in the open ocean within the Icelandic Exclusive Economic Zone (EEZ). For this project activity, the deployment was approximately 150 miles south of Iceland.
- Purchased from: Running Tide
- Project ID: RT0001
- Project Type: Carbon Removal, Biomass Sinking
- Protocol: Framework Protocol For Multi-Pathway Biological And Chemical Carbon Removal In The Ocean v2.0 (peer reviewed by climate-related organizations and independent Scientific Advisory Board)
- Project timeline:
- Date of Project Start: 05/15/23
- First Delivery: 12/21/23 (360 tons)
- Full Delivery Due: 12/31/26 (remaining 360 tons)
- Estimated Annual Emission Reduction: ~20,000 net tonnes CO2e
- Durability: 1000+ years
- Project Validator: Deloitte (protocol assured in accordance with ISO 14064-2)
- Credit Verifier: None
- Additional Standards: None
In the event that a reversal or non-delivery of carbon reductions or removals were to occur for any of the above listed projects, upon learning of it Commons would communicate this information to our users in a timely fashion. Commons would also engage in good faith efforts to seek one of the following remedies:
- Work with the credit provider to replace the reversed or undelivered credits with credits from a comparable project that meets our quality standards
- Request a refund from the credit provider so we could use the funds to purchase replacement credits from a comparable project that meets our quality standards
DISCLOSURES RELATED TO COMMONS' CLIMATE NEUTRAL CERTIFICATION
Commons is a Climate Neutral Certified brand in accordance with the The Climate Neutral Certified Standard (2023 version) administered by the Change Climate Project. We collaborated with the Change Climate team to measure our brand’s total 2022 carbon footprint, set time-bound Reduction Action Plans, and compensate for our annual emissions by investing in carbon projects that met Change Climate’s rigorous Standard. For further details, see this blog post.
As part of this certification process, the Commons team estimated our company emissions following the guidance of The Climate Neutral Certified Standard and the GHG Protocol’s Corporate Standard via the use of an internally created tool. The Change Climate Project’s team reviewed, provided feedback on, and accepted these estimates, but they were not third-party verified. Commons’ Emissions Reductions Plans do not constitute science-based targets. Commons used carbon credits from the Manoa REDD+ Project and Katingan Peatland Restoration and Conservation Project to offset our 2022 company footprint.
See above for offset project details.
As part of this certification process, the Commons team estimated our company emissions following the guidance of The Climate Neutral Certified Standard and the GHG Protocol’s Corporate Standard via the use of an internally created tool. The Change Climate Project’s team reviewed, provided feedback on, and accepted these estimates, but they were not third-party verified. Commons’ Emissions Reductions Plans do not constitute science-based targets. Commons used carbon credits from the Manoa REDD+ Project and Katingan Peatland Restoration and Conservation Project to offset our 2022 company footprint.
See above for offset project details.
