Credible claims for sustainable business
Gold Standard helps companies take climate action within and beyond their boundaries to shift to a Paris-compliant path and contribute to the Sustainable Development Goals.
Gold Standard provides solutions to businesses looking to deliver a positive impact toward the Paris Agreement and the Sustainable Development Goals and make claims in the most credible way. Developed in collaboration with leading civil society organisations, Gold Standard guidance and tools help companies reduce emissions, eliminate deforestation and other negative impacts from their operations and supply chains and quantify and report on positive impacts in alignment with relevant protocols and initiatives.
Corporate Climate Stewardship
Companies looking to take climate action are advised to start with the right strategy. Gold Standard worked with WWF and CDP to develop Corporate Climate Stewardship: Guidelines for best practice climate action 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.
Gold Standard focuses primarily on Pillars 2 and 3 under the mantra: “Reduce emissions within boundaries; finance beyond.” Find more details in the Guidelines document and explore further programmes below.
Pathways to Net Zero
Using these Corporate Climate Stewardship Guidelines as a foundation, Gold Standard will again work with WWF, CDP, and other civil society organisations to develop guidance for companies to align their climate strategies with the ‘net zero by 2050’ ambition of the Paris Agreement. A focus will be on clearly defining what “net zero emissions” means for business and answering further questions including, should a company be responsible for its value chain’s emissions? When should a company offset, and when should they not? And what if a company is officially carbon neutral, but investing in new carbon-intensive products or services that are incompatible with a net-zero future.
Reduce Scope 3 Emissions: ValueChange Programme
This programme focuses on pillar two of the Corporate Climate Stewardship Guidelines: reducing climate impact in line with science. With support from EIT Climate-KIC, Gold Standard, Danone, Livelihoods Funds, Mars, Science Based Targets and other partners have developed the Value Change Programme>>, featuring guidance that enables reporting on Scope 3 emissions reductions and removals toward performance targets - in line with common accounting frameworks like the GHG Protocol - and other practical tools to remove barriers to addressing value chain emissions.
Finance emission reductions beyond boundaries
Defining a corporate climate finance commitment
The guide Defining a corporate climate finance commitment focuses on Pillar 3 of the Corporate Climate Stewardship guidelines, providing more information on how companies can “finance the global transition to a zero-carbon, resilient economy” and contribute to the Paris Agreement by funding emission reductions beyond their own corporate boundaries.
NOTE: The Gold Standard marketplace for carbon credits is limited in volumes and best serves small businesses. Businesses seeking larger procurement should contact a retailer or broker of carbon credits.
Finance sustainable development impact
Increasingly, companies are setting net-positive goals to deliver shared value to society. Beyond purchasing carbon credits from projects delivering additional development benefits, companies can directly fund certified SDG impacts. These can come from a wide range of Gold Standard-certified projects, all representing SDG impacts -- from water access to women's empowerment -- that have been rigourously quantified, verified and certified from projects that would not have moved forward without additional finance.