The SOCIALCARBON Standard is a certification focused on bringing significant social, environmental and economic benefits to the stakeholders of carbon-offset projects.
- Improves the projects’ social and environmental benefits;
- Helps project developers identify potential areas for project improvement and measure the impacts of such improvements;
- Provides opportunities to involve local stakeholders, enabling them to partake in the benefits from carbon-offset projects.
The standard suits a wide range of project types and countries:
As an additional standard for co-benefits, SOCIALCARBON can be implemented alongsideany other carbon accounting standard (e.g. VCS, CDM, CAR or others) and may be adapted to suit different types of projects, including hydropower plants, landfills, fuel switching, forestry and others.
The theoretical framework of SOCIALCARBON is based on the Sustainable Livelihood Approach (SLA), a worldwide methodology used in planning new development activities and assessing the contribution that existing activities have made to sustaining livelihoods.
The SLA method is applied by several NGOs and multilateral institutions, such as CARE, OXFAM, World Bank, FAO (Food and Agriculture Organization of the United Nations) and the UNDP (United Nations Development Programme). Its holistic approach and flexibility allows small organizations and large enterprises alike to apply it with reliable and efficient results.
SOCIALCARBON provides flexible and comprehensive criteria:
SOCIALCARBON is unique among the co-benefit standards because it is not selective; rather, its criteria and procedures are flexible, to adapt itself to different realities and include local stakeholders’ perspectives in the assessment and planning of a carbon-offset project. The emphasis on project enhancement over time allows developers to identify and overcome project deficiencies, favouring straightforward options to positive changes.
The standard’s criteria for co-benefits are very similar to the concept of emission reductions:
Project developers establish a baseline using the standard’s indicators that easily identify the degrees of sustainability correlated to six resources: social, human, financial, natural, biodiversity and carbon aspects.
Developers must then demonstrate that there is an improvement throughout the lifetime of the project in relation to this baseline through SOCIALCARBON monitoring reports, which are independently verified.
SOCIALCARBON improves the attractiveness of the carbon credits for buyers:
According to Bloomberg and Ecosystem Market Place, SOCIALCARBON adds significant premium price value to VERs. Its value may be up to 80% higher when compared to common VCUs.