Initiatives + Innovations
To achieve its mission, Gold Standard works to mainstream adoption of credible climate and sustainable development quantification at scale through a series of strategic initiatives and collaborations.
STRATEGIC INITIATIVES + INNOVATIONS
Gold Standard strategic initiatives are long-term efforts and innovations focused on mainstreaming credible impact quantification through Gold Standard for the Global Goals. These initiatives are either internally led or coordinated with our institutional partners. We also host shorter-term programmes and working groups through the Gold Standard Network Platform, which are open for broad stakeholder participation to achieve a specific objective or deliverable.
We aim to strengthen environmental markets with more high-impact assets, resulting in greater and higher quality supply and demand.
Envisioning the voluntary carbon market post-2020
The advent of the Paris Agreement prompted reflection on the role and function of the voluntary carbon market to contribute to the ambition to reach net zero emissions by midcentury. With support from the German government, Gold Standard convened a working group of civil society organisations, carbon market private sector actors, and standards bodies to begin to answer these questions. The group seeks to position the voluntary carbon market to address the emissions gap, the finance gap and the time gap, while incentivising and recognising the private sector to engage at scale.
Phase 2 of this programme is likely to develop guidance that further defines target setting, credible claims, and best practices for financing beyond boundaries.
We aim to increase action organisations take within and beyond their boundaries to shift to pathways that are consistent with the ambition of the Paris Agreement to balance carbon emissions with carbon sinks by midcentury.
Pathways to Net Zero
Building on the Corporate Climate Stewardship Guidelines published in 2018, Gold Standard is again working with WWF, CDP, and other civil society organisations to develop guidance for companies to align corporate climate strategies with the ‘net zero by 2050’ ambition of the Paris Agreement. A focus will be on how to design and account for climate action beyond company boundaries and what claims should be made along the path to net zero.
Relevant Corporate Sustainability Reporting resources
Corporate Climate Stewardship Guidelines
Developed with WWF and CDP, Corporate Climate Stewardship: Guidelines for best practice climate action aims to support companies in setting ambitious strategies that are in line with the ambition of the Paris Agreement. This helps business reduce climate risk and create value by answering to increasing customer, investor and civil society demands for strong climate action.
Climate + development finance
We aim to increase mobilisation of climate finance toward high integrity climate and development activities for national and subnational climate action.
Market/finance access and readiness
Gold Standard seeks to help host countries attract climate finance and access global voluntary and compliance carbon markets with high integrity, bankable projects. In 2020 we will work with partners to develop a roadmap for bankable projects and streamlined, credible impact reporting compliant with international investor and carbon market requirements. Based on Gold Standard methodologies and adapted for each host country context, inputs to the roadmap may include flexible application of the World Bank MAAP tool for investor requirements, guidance on sound GHG and SDG impact accounting, stakeholder consultation, environmental and social safeguards, etc.