Building a science-aligned carbon procurement strategy

Carbon credits are central to voluntary climate commitments, and a company may need to procure a significant number of them to meet their commitment depending on their emission profile. These needs may be far in the future but rather than delaying action, this guide recommends taking a strategic approach and incorporating the time value of carbon1 into their strategies by supporting carbon projects early on. Developing a robust carbon credit procurement strategy is both a matter of future-proofing the company’s procurement needs by securing prices today and safeguarding their reputation. To help companies develop their strategies, this guide proposes a 10-step approach to maximise climate impact while keeping procurement and finance teams aligned.