Enabling companies to meet ambitious climate targets
Gold Standard creates guidance and tools that allow carbon reduction approaches in value chain activities and low carbon commodities, while safeguarding suppliers and contributing to sustainable development.
Developed in collaboration with leading civil society organisations, Gold Standard provides companies with efficient, scalable tools to reduce emissions -- within and beyond their boundaries --and credibly report impact against climate targets in alignment with relevant protocols and initiatives.
Corporate Climate Stewardship GUIDELINES FOR BEST PRACTICE CLIMATE ACTION
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.
VALUE CHANGE PROGRAMME TO REDUCE CORPORATE SCOPE 3 EMISSIONS
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 and its partners have developed the Value Change Programme, which features practical tools that remove barriers to addressing value chain emissions. Working group members already feature top food & beverage and apparel organizations, including seven Fortune 500 companies.
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.
LOW CARBON COMMODITIES: SCALING CLIMATE ACTION ACROSS LANDSCAPES WITH ISEAL STANDARDS
PROGRAMME TO DEVELOP GUIDANCE
Gold Standard is leading a consortium of members of the ISEAL Alliance, the standard for sustainability standards, to enable certified commodities from FSC, Fairtrade, Better Cotton Initiative and others to integrate the added value of lower carbon emission factors into their sustainability claims.
This will allow companies purchasing these certified lower-carbon commodities to credibly report lower emissions to their GHG footprint.
NET-ZERO + CLIMATE POSITIVE FRAMEWORKS
PROGRAMME TO DEVELOP GUIDANCE
Transitioning towards net-zero carbon emissions is necessary to limit global temperature increase to 1.5ºC. There is a groundswell of demand from all sectors for clarity, guidance, and infrastructure to facilitate such a transition, with 16% of global GDP already covered by some form of net-zero claim by corporations, states, regions, and cities. Responding to this demand, Gold Standard, in partnership with CDP and WWF, have formed a consortium to develop the Framework for a Net-Zero Emissions Economy.
The effort is intended to establish net-zero as the corporate emissions business-as-usual baseline, anchored in the reference frameworks of the Science Based Targets initiative (SBTi) and the Greenhouse Gas Protocol (GHGP). As leaders must go further to make up for those who do not take action, a supplementary Climate Positive Framework will provide similar guidance and tools to support those who stretch further to reduce more carbon than they emit and contribute to climate resilience and sustainable development for vulnerable communities on the front lines of climate change.