Globally, companies are driving changes to their emissions profile, both through direct impacts to their operations, but also drawing on mechanisms like the VCM to complement their activities.

The VCM has already evolved into a robust market framework that supports the needs of these participants with respect to price transparency, ability to manage risk through hedging and use of benchmarks, and the stability of independent standards bodies to assure that the associated offsets are well-understood and fulfill integrity requirements.

While all markets — established and new — require constant scrutiny to assure they are robust, the VCM has all the elements in place that enable companies to act in confidence using this mechanism.