SRS Credit · carbon credits in UK sustainability reporting

A carbon credit is a claim about a tonne

SRS Credit is an independent reference on what a UK company has to say about that claim in a report, and how much of it survives being looked at.

UK SRS S2 names four things a company must disclose about the credits it plans to use.

The integrity bodies and rating agencies behind the credits name a good deal more, and they do not agree with each other.

What the standard requires →Every source, listed

Checked against 35 sources fromDepartment for Business and TradeIFRS FoundationFinancial Conduct AuthorityICVCMVCMIDepartment for Energy Security and Net Zeroand 15 moreSee the sources

Read this first

What SRS Credit is, and what it is not

The subject is narrow on purpose.

Carbon credits touch climate policy, commodity markets, land use and corporate reporting at once, and this site covers the reporting question.

That means what a credit is, what has to be disclosed about it, and what you would want to know before relying on one.

Every figure links to the primary source it came from, named and dated, and where a question is unsettled the site says so rather than resolving it for you.

The standards the question is answered against are set out in full across the UK SRS standards reference.

Questions and corrections go to hello@uksrs.org.uk, or you can book a free 15-minute call.

Scope and limitations

SRS Credit is an independent reference on carbon credits in UK sustainability reporting.

It does not broker, value, trade, verify, rate, audit, register or advise on carbon credits.

It is not authorised or regulated by the Financial Conduct Authority or any other regulator.

Nothing here is financial, investment, legal, accounting or tax advice, or a substitute for your auditor, reporting accountant or counsel.

01 · The first distinction

An allowance is not a credit

Two instruments, both measured in tonnes of CO₂e, doing different jobs.

One discharges a statutory obligation under a cap; the other is a voluntary purchase against a target a company set itself.

Sources: SI 2020/1265 Sch 2; Participating in the UK ETS; UK SRS S2. The comparison is ours.
	UK ETS allowance	Voluntary carbon credit
Instrument	A UK Allowance: one tonne of CO₂e, created under a cap.	A serialised unit representing one tonne reduced or removed, issued and cancelled in a registry.
Created by	The Greenhouse Gas Emissions Trading Scheme Order 2020; allowances reach the market by auction and free allocation.	A crediting programme applying its own methodology, after an independent body validates the project and verifies the outcome.
Who is in scope	Installations above the scheme thresholds — combustion above 20 MW total rated thermal input — plus aviation and, since 1 July 2026, ships of 5,000 gross tonnage and above.	Anyone. There is no eligibility test to buy one and no register of who must.
The obligation	Statutory: a verified emissions report by 31 March and surrender of allowances by 30 April.	None. The purchase is voluntary, against a target the company set itself.
Price reference	No official live price. The UK ETS Authority publishes monthly averages for its Cost Containment Mechanism; this site does not reproduce them.	No primary source publishes a live voluntary price, and this site quotes none.
Investment law	A specified investment under RAO article 82B when provided by specified firms.	A spot credit is not named in RAO Part III; a future or CFD over one may be.
In the report	A compliance obligation, not a carbon credit in the UK SRS S2 sense.	UK SRS S2 ¶36(e) applies to planned use against a net target.

Getting the two the wrong way round is the most common single error in a carbon disclosure, because the reporting treatment, the price reference and the legal position all differ.

No UK regulator or standard-setter has published a statement that ETS allowances fall outside paragraph 36(e); the distinction follows from the standard’s definition of a carbon credit.

The investment-law side of the same distinction is set out in carbon credit regulation in the UK.

02 · Where a credit comes from

Six stages, and the last one destroys it

A credit is not issued and then held like a share.

It is issued so that it can be cancelled, and cancelling it is what makes the claim.

The stages here are the UK Woodland Carbon Code’s own, because it is a UK standard with a published lifecycle you can read end to end in the Woodland Carbon Code Standard v3.0.

Most international programmes follow the same shape under different names.

The step that matters most for a buyer is the third: a Pending Issuance Unit is a forecast, not a verified removal, and the Code says so.

Project to retirement · Woodland Carbon Code

01 · Validate
No unit yet
An independent body accredited by UKAS checks the project against the Standard before anything is issued.
02 · Register
Project record
The project is entered on the UK Land Carbon Registry, managed by S&P Global.
03 · Issue
Pending Issuance Units
"A promise to deliver a Woodland Carbon Unit in future, but they are not guaranteed."
04 · Verify
Checked on the ground
First verification at year 5, then at least every 10 years.
05 · Convert
Woodland Carbon Units
Verified carbon converts PIUs into WCUs; a pooled buffer managed by Scottish Forestry covers losses.
06 · Retire
Cancelled
The unit is cancelled in the registry against a specific claim.

Source: Woodland Carbon Code Standard v3.0, Scottish Forestry (clarifications January 2026).

03 · The disclosure

UK SRS S2, paragraph 36(e)

If a company has a net greenhouse gas emissions target and plans to use carbon credits to reach it, UK SRS S2 paragraph 36(e) governs what it must say.

The UK text is IFRS S2’s, unchanged: the government preferred any amendment on carbon credits to come from the ISSB, as its consultation response records.

The standard defines a carbon credit as “an emissions unit that is issued by a carbon crediting programme and represents an emission reduction or removal of greenhouse gases”.

The trigger is the net target: a company with no net target owes nothing under paragraph 36(e), however many credits it buys.

Each item, and a tool that builds the skeleton the standard asks for, is on carbon credits in sustainability reporting.

Source: UK SRS S2 ¶36(e), DBT, February 2026.
Item	What must be disclosed
36(e)(i)	The extent to which, and how, achieving any net target relies on carbon credits.
36(e)(ii)	Which third-party scheme(s) will verify or certify the credits.
36(e)(iii)	The type of credit: nature-based or technological removal, and reduction or removal.
36(e)(iv)	Any other factors needed to understand credibility and integrity — permanence is the example.

03b · The rule that stops the arithmetic hiding

A net target never travels alone

Paragraph 36(c) requires that a company disclosing a net emissions target “also” separately discloses “its associated gross greenhouse gas emissions target”.

That is the structural reason carbon credits appear in a climate disclosure standard at all: they are the difference between two numbers, and the standard insists both are visible.

Paragraph 29(a) requires absolute gross emissions, so credits never come off the inventory itself.

Paragraph B71 then narrows the obligation in a way that surprises people: only planned use must be disclosed, and credits already bought are optional context.

The ISSB’s educational material on greenhouse gas disclosures sets out how the gross emissions requirements are applied.

Carbon credit reporting, in practice

An inventory, a target, and the gap between them

People search for a “carbon credit report” and a “carbon credit inventory” as if they were two names for the same document. They are not, and keeping them apart is most of the work.

The emissions inventory

What the company emitted

Scopes 1, 2 and 3, measured gross. Carbon credits do not reduce it and do not appear in it. For UK SECR filers, the 2018 regulations govern it, and they contain no netting-off provision.

The credit disclosure

What the company plans to use

Credits the company plans to use against a net target, in the four items of UK SRS S2 ¶36(e). It sits in the sustainability disclosures, beside the inventory, never inside it.

A holding of credits is not an emissions reduction, and a report that nets credits into the inventory has misstated the inventory.

The SECR regulations were reviewed in 2026, and the review — rated by the Regulatory Policy Committee on 15 May 2026 — recommends retaining them with amendments rather than replacing them.

The government’s voluntary carbon market principles ask companies to measure and disclose planned use of credits as part of sustainability reporting, where financially material; they are guidance, not law.

Carbon credits in sustainability reporting takes this rule through SECR, UK SRS and CSRD side by side, and on to the green claims rules that govern what a company then says.

04 · What “high integrity” means

Ten principles, in three groups

The ICVCM Core Carbon Principles are the closest thing the voluntary market has to a common quality bar.

Governance

Principles 1–4

Effective governance; tracking in a registry; transparency; robust independent third-party validation and verification.

Emissions impact

Principles 5–8

Additionality; permanence; robust quantification of reductions and removals; no double counting.

Sustainable development

Principles 9–10

Sustainable development benefits and safeguards; contribution toward the net zero transition.

Note what the reporting standard does not do here: it asks for “any other factors” needed to understand credibility and integrity, and leaves the substance to documents like this one.

The ICVCM assesses programmes first and methodologies second, so a credit carries the CCP label only if its programme is CCP-Eligible and its methodology and version are CCP-Approved.

Carbon credit risk analysis unpacks that substance test by test.

05 · What a screen removes

The rejections are the interesting part

Any body can publish principles; what shows whether a screen has teeth is what it turns down.

In August 2024 the ICVCM refused the CCP label to eight renewable-energy methodologies, as insufficiently rigorous on whether the projects would have gone ahead without credit revenue.

Those methodologies accounted for about 236 million unretired credits, some 32% of the voluntary market at the time.

A revised methodology, VMR0017, was approved on 30 April 2026 for new issuances only; the ICVCM said no historical issuances will be CCP-Approved.

Separately, Verra did not submit its older REDD+ methodologies for assessment; they produced around a quarter of all credits retired in 2023, and credits under them can never carry the label.

The ICVCM’s assessment status table listed 44 CCP-Approved methodologies when it was updated on 12 August 2026.

ICVCM assessment outcomes

Unretired credits under rejected renewable methodologies, Aug 202432%

Everything else68%

CCP-Approved methodologies, 12 August 2026

ICVCM assessment status

Sources: ICVCM, 6 August 2024 (the market at that date); ICVCM assessment status.

06 · What you may then say

The claim is a separate question from the credit

Buying a good credit does not by itself license a claim about it.

The Voluntary Carbon Markets Integrity Initiative publishes a Claims Code of Practice that sets out what a company must do before it says anything at all.

Four foundational criteria come first: a published inventory, science-aligned near-term targets, demonstrated progress towards them, and public policy advocacy consistent with the Paris Agreement.

Only then do the tiers apply, and they are measured against remaining emissions rather than total emissions.

Under version 3.1 of the Code, the credits must be CCP-labelled or Article 6.4 credits, with interim alternatives available until 1 January 2027.

Summaries quoting 20% and 60% thresholds are from the June 2023 first edition and were superseded.

Whether a carbon neutral claim can rest on any of this is taken up in carbon neutral certification.

VCMI Claims Code v3.1 · tier check

The four Foundational CriteriaMaintain and publicly disclose an annual greenhouse gas emissions inventorySet and publicly disclose science-aligned near-term targets and a net zero commitmentDemonstrate progress towards the near-term targetsShow that public policy advocacy supports the goals of the Paris Agreement

Credits retired as a share of remaining emissions: 30%

No tier applies until all four Foundational Criteria are met. The share of credits comes second.

No tier is a carbon neutral claim: VCMI says the credits “are not counted as internal emission reductions”.

Source: VCMI Claims Code of Practice v3.1, 15 August 2025. Criteria paraphrased; read the Code for the full wording.

07 · Who rates a credit

Three scales that look alike and measure different things

A handful of carbon credit rating agencies publish opinions on individual carbon projects, and by 2025 they had converged on a letter scale that reads like a credit rating.

The resemblance does a lot of work: these are opinions on whether a tonne is real, not on whether an issuer will repay.

They are not regulated in the UK today.

The ESG Ratings Order 2025 brings ESG ratings inside FCA authorisation from 29 June 2028, but only where a rating is likely to influence a decision on an investment specified in the Regulated Activities Order, and a spot voluntary credit is not named there.

Whether that perimeter reaches carbon credit ratings is an open question, not a stated exclusion.

Carbon credit analytics — the agencies’ factor scores, their definitions and how they differ — are taken in full in carbon credit ratings, and the four tests behind them in carbon credit risk analysis.

Each agency's own description, read 30 September 2026. No ranking is implied.
Agency	What the grade expresses	Scale
BeZero Carbon	Its opinion on the likelihood a credit achieves a tonne of CO₂e avoided or removed.	AAA–D, eight points, since 13 March 2023
Sylvera	Project quality across carbon score, additionality and permanence.	AAA–D
Calyx Global	Greenhouse gas integrity across four dimensions.	AAA–D, eight points, since 21 January 2025

08 · Where the guidance stops

Disclosed in one report, unstandardised in the other

A company that plans to use credits must describe the plan in its sustainability disclosures. What it does with the same credits in its financial statements is not settled.

What is settled

Five fixed points

UK SRS S2 ¶36(e) requires a narrative disclosure of planned credit use. A net target must be disclosed beside its gross target. Allowances granted by government are a government grant under IAS 20, at a nominal amount or fair value. A liability arises under IAS 37 once emissions exceed the allowances held. Whichever policy is chosen is applied consistently.

What is not

Four open questions

No IFRS Accounting Standard specifically addresses purchased carbon credits. Whether they are IAS 38 intangibles or IAS 2 inventories follows why they are held. The IFRS Interpretations Committee declined in March 2025 to consider credits separately from the IASB’s research. The IASB says it has no capacity to add a project.

“There is currently no specific guidance on the accounting for carbon credits under IFRS Accounting Standards”, the Canadian standard-setter told the IASB’s advisory forum in its July 2024 research paper.

The same paper records that IFRIC 3 Emission Rights was withdrawn because the accounting mismatches it created were thought inappropriate, and that nothing replaced it.

The IFRIC Update of March 2025 says the Committee “did not consider the question about the accounting for acquisitions of carbon credits separately from the IASB’s research” on pollutant pricing mechanisms.

A March 2026 IASB work plan paper lists pollutant pricing mechanisms among topics to consider, and records that “the IASB does not currently have capacity to add a new project to its work plan”.

Anyone telling you carbon credits simply “are” intangible assets is overstating the position: the classification follows the business purpose and is a policy judgement.

09 · The database underneath

A credit exists because a registry says it does

UK · Woodland Carbon Code

Launched 2011

Delivered by Scottish Forestry on behalf of the UK, Scottish, Welsh and Northern Ireland governments. Pending Issuance Units convert to Woodland Carbon Units after verification.

UK · Peatland Code

Launched 2015

Developed and managed by the IUCN UK Peatland Programme.

UK · registry

UK Land Carbon Registry

A joint registry for both UK codes since 2020, managed by S&P Global. The Woodland Carbon Code’s pooled buffer is a single account in it, managed by Scottish Forestry.

Verification

UKAS-accredited bodies

Woodland Carbon Code validation and verification bodies are accredited by the UK Accreditation Service against ISO 17029 and ISO 14065.

International

Programme registries

Verra’s Verified Carbon Standard issues Verified Carbon Units; Gold Standard, ACR and the Climate Action Reserve run their own registries.

Aviation

CORSIA · ICAO

ICAO publishes the list of CORSIA eligible emissions units: the programmes whose credits count in each compliance phase.

Serialisation is what prevents the same tonne being sold twice, and cancellation in a registry is what turns a purchase into a retirement.

The UK codes’ details are from the Woodland Carbon Code Standard and the Peatland Code’s own pages.

The UK position, as at 30 September 2026

Voluntary standards, comply-or-explain listing rules

UK SRS S1 and UK SRS S2 were published by the Department for Business and Trade on 25 February 2026 for voluntary use by any entity.

The route to a requirement for listed companies runs through the FCA.

On 30 September 2026 the FCA published Policy Statement PS26/19, with final rules that “adopt a comply or explain approach across the UK SRS”.

That is a change from its consultation, CP26/5, which had proposed making UK SRS S2 climate disclosures mandatory; the Policy Statement also extends comply or explain to secondary-listed international companies and depositary receipt issuers.

The rules apply to accounting periods beginning on or after 1 January 2027, with a one-year transitional relief for Scope 3 and two years for UK SRS S1, and first reporting in 2028.

The fuller UK SRS timeline tracks each stage of the process.

SECR runs alongside, and its 2026 review recommends amending it, not repealing it.

25 Feb 2026
UK SRS S1 and S2 published
By the Department for Business and Trade, for voluntary use.
30 Jan 2026
FCA CP26/5 consults
Proposed mandatory UK SRS S2 for listed companies.
30 Sep 2026
FCA PS26/19 final rules
Comply or explain across all categories of disclosure.
1 Jan 2027
Rules apply
Accounting periods beginning on or after this date; first reporting in 2028.

Sources: DBT; FCA PS26/19 ¶1.2, ¶1.7.

Compliance markets

Two schemes, priced by auction — not by this site

There is no official live carbon price in the UK or the EU. What exists are auction results, futures settlements and periodic averages published for statutory purposes.

UK ETS · Cost Containment Mechanism

A monthly statutory average

The UK ETS Authority publishes monthly average prices and trigger prices to decide whether its Cost Containment Mechanism is triggered. Published by the Authority; not reproduced here.

EU ETS · auctioning

The Commission’s reference

The European Commission publishes its own auction data and reference averages for statutory purposes under the EU ETS Directive. Not reproduced here.

UK ETS · auction reserve price

£28 from 8 April 2026

A legislated floor for auction bids, set by SI 2026/214 and indexed to the GDP deflator each 1 January from 2027. A policy setting, not a market price.

Global coverage · World Bank

87 carbon pricing policies

The World Bank’s 2026 review counts 87 carbon pricing policies, covering just over 29% of global greenhouse gas emissions.

Four UK ETS changes worth knowing

Maritime · legislated

In since 1 July 2026

Ships of 5,000 gross tonnage and above, covering carbon dioxide, methane and nitrous oxide, with offshore vessels following from 1 January 2027.

Waste · delayed

Not in 2028

Waste incineration was intended to join in 2028. The government’s update of 26 August 2026 says it will not, and a new timeline is to be set out.

EU linking · in negotiation

No agreement, no date

The UK and EU agreed in the Common Understanding of 19 May 2025 to work towards linking the schemes. Negotiations are in progress; no agreement has been concluded and no date published.

UK CBAM · from 2027

1 January 2027

A carbon border adjustment mechanism commences for aluminium, cement, fertiliser, hydrogen, and iron and steel, according to HMRC’s policy summary.

The scheme as a whole covers heavy industry, power, aviation and domestic maritime, about 25% of UK territorial emissions, according to the UK ETS policy overview.

Estimates of when UK–EU linking might take effect circulate widely, and no government on either side has committed to one, so this site does not repeat them.

These are compliance allowances, not voluntary credits; for how quality, not price, is assessed in the voluntary market, see carbon credit ratings.

How a future UK framework for the voluntary market might look is still out to government: the formal response to its 2025 consultation had not been published as at 30 September 2026.

Elsewhere

The rest of the reporting question

This site is deliberately about carbon credits and nothing else, and other references cover the ground either side of it.

The Sustainability Reporting Standards title covers UK SRS compliance requirements, implementation timelines and the standards themselves.

A reviewed comparison of carbon reporting software covers the platforms that hold the inventory this disclosure sits on top of.

Carbon neutral consultants are covered, with the ESOS and SECR obligations that run alongside voluntary reporting, on carbon.legal.

All three sites are part of the same family of independent references as this one.

You can reach SRS Credit through the contact page, and read its privacy policy and terms of service.

Frequently asked

The questions that get asked

What is SRS Credit?

SRS Credit is an independent reference on carbon credits in UK sustainability reporting. It does not broker, value, trade, verify, rate, audit, register or advise on carbon credits, and it is not authorised or regulated by the Financial Conduct Authority or any other regulator. Every figure on the site links to the primary source it came from.

What is a carbon credit?

UK SRS S2, following IFRS S2, defines a carbon credit as an emissions unit that is issued by a carbon crediting programme and represents an emission reduction or removal of greenhouse gases. Credits are serialised and tracked in a registry, and cancelling one against a claim is what retires it.

Is a UK ETS allowance a carbon credit?

No. A UK ETS allowance is created under the Greenhouse Gas Emissions Trading Scheme Order 2020 and surrendered to discharge a statutory obligation: operators report verified emissions by 31 March and surrender allowances by 30 April. A carbon credit is issued by a crediting programme and used against a target a company set itself. No UK regulator has ruled that allowances fall outside UK SRS S2 paragraph 36(e); the distinction follows from the definition.

What does UK SRS S2 require a company to disclose about carbon credits?

Where a company has a net greenhouse gas emissions target and plans to use carbon credits to achieve it, paragraph 36(e) asks for four items: how far the target relies on credits, which third-party scheme will verify or certify them, the type of credit, and any other factors needed to understand their credibility and integrity, with permanence as the example.

Do carbon credits already purchased have to be disclosed?

Not under UK SRS S2. Paragraph B71 says an entity is required to disclose only its planned use of carbon credits; credits already bought may be included where they help a reader understand the target.

What is a carbon credit report?

Usually the disclosure of the credits a company plans to use, or has retired, against a target. It is not the emissions inventory. Credits never reduce the gross Scope 1, 2 and 3 emissions a company reports; they are disclosed separately, and a net target must be shown beside its gross target.

Which are the carbon credit rating agencies?

The agencies most often compared are BeZero Carbon, Sylvera and Calyx Global. All three now use a letter scale from AAA to D, but each defines its grade differently, and none is regulated in the UK today.

How are carbon credits accounted for in the financial statements?

There is no specific IFRS Accounting Standard for carbon credits. In practice entities apply existing standards according to why the credits are held — IAS 38 intangible assets or IAS 2 inventories for purchased credits, IAS 20 for allowances granted by government, IAS 37 for the obligation once emissions exceed allowances held — and apply the chosen policy consistently.

What can a company claim after buying credits?

Version 3.1 of the VCMI Claims Code of Practice sets three tiers against remaining emissions once four foundational criteria are met: Carbon Integrity Silver from 10% to under 50%, Gold from 50% to under 100%, and Platinum at 100% or more. VCMI says the credits are not counted as internal emission reductions, so none of the tiers is a carbon neutral claim.

Is UK SRS mandatory?

The standards themselves were published by the Department for Business and Trade on 25 February 2026 for voluntary use. On 30 September 2026 the FCA published Policy Statement PS26/19, whose final rules require in-scope listed companies to report against UK SRS on a comply or explain basis for accounting periods beginning on or after 1 January 2027.

Sources

Primary sources

Every figure on this page links to the document it came from. Where a figure could not be traced to a primary source, it is not on the page.

Department for Business and Trade
UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2
Published 25 February 2026 for voluntary use.
Department for Business and Trade
UK SRS S2 Climate-related Disclosures — ¶29(a), ¶36(c), ¶36(e), ¶B71 and Appendix A
The credit definition and the four items.
Department for Business and Trade
Government response to the consultation on UK SRS
The decision not to add UK-specific carbon credit requirements.
IFRS Foundation
IFRS S2 Climate-related Disclosures
The text UK SRS S2 endorses on carbon credits.
IFRS Foundation
Greenhouse gas emissions disclosure requirements applying IFRS S2 — educational material
The ISSB's explanation of the gross emissions requirements.
Financial Conduct Authority
PS26/19: Aligning listed issuers' sustainability disclosures with international standards
Final rules published 30 September 2026: comply or explain, from periods beginning 1 January 2027.
ICVCM
The Core Carbon Principles
Ten principles in three groups.
ICVCM
Assessment status (table updated 12 August 2026)
44 CCP-Approved methodologies.
ICVCM
Renewable energy methodologies will not receive the CCP label (6 August 2024)
About 236 million unretired credits, 32% of the market.
VCMI
Claims Code of Practice
Tiers quoted from v3.1 (15 August 2025); VCMI now also lists a v3.2 dated September 2026.
Department for Energy Security and Net Zero
Principles for voluntary carbon and nature market integrity (signed, 15 November 2024)
Six non-binding principles.
Department for Energy Security and Net Zero
Voluntary carbon and nature markets: raising integrity
Summary of responses 26 March 2026; formal response pending.
legislation.gov.uk
Greenhouse Gas Emissions Trading Scheme Order 2020, Schedule 2
Activities covered, including combustion above 20 MW.
Department for Energy Security and Net Zero
Participating in the UK ETS
Reporting by 31 March, surrender by 30 April; maritime scope.
UK ETS Authority
Cost Containment Mechanism trigger prices and average monthly prices
The Authority's own statutory price reference — not reproduced here.
UK ETS Authority
UK Emissions Trading Scheme: a policy overview
About 25% of UK territorial emissions; Phase II 2031–2040.
legislation.gov.uk
GHG ETS Auctioning (Amendment) Regulations 2026, SI 2026/214
Auction reserve price £28 from 8 April 2026.
GOV.UK
UK ETS scope expansion: waste — update of 26 August 2026
Waste incineration will not join in 2028.
GOV.UK
UK–EU summit: Common Understanding (19 May 2025)
Work towards linking the two schemes.
European Commission
EU ETS — auctioning of allowances
The Commission's own periodic auction price reference — not reproduced here.
HM Revenue & Customs
Carbon border adjustment mechanism (CBAM): policy summary
UK CBAM commences 1 January 2027.
legislation.gov.uk
FSMA 2000 (Regulated Activities) (ESG Ratings) Order 2025
Made 15 December 2025; authorisation from 29 June 2028.
legislation.gov.uk
Companies (Directors' Report) and LLP (Energy and Carbon Report) Regulations 2018
SECR: no netting-off provision.
Regulatory Policy Committee
RPC opinion: SECR post-implementation review (15 May 2026)
The review recommends retaining SECR with amendments.
Scottish Forestry
Woodland Carbon Code Standard v3.0 (clarifications January 2026)
Pending Issuance Units, Woodland Carbon Units, the buffer and the registry.
IUCN UK Peatland Programme
The Peatland Code
Launched 2015; the joint UK Land Carbon Registry from 2020.
ICAO
CORSIA Eligible Emissions Units
The programmes whose units are eligible in each CORSIA phase.
Verra
Verified Carbon Units
The unit the Verified Carbon Standard issues.
BeZero Carbon
The BeZero Carbon Rating scale explained (13 March 2023)
Eight points, AAA to D.
Calyx Global
A new GHG rating scale (21 January 2025)
From A+–E to AAA–D.
Sylvera
Carbon credit ratings
AAA to D.
IFRS Foundation
IFRIC Update, March 2025
Carbon credits not considered separately from the IASB's research on pollutant pricing mechanisms.
IFRS Foundation
IASB work plan update, agenda paper 8 (March 2026)
"The IASB does not currently have capacity to add a new project to its work plan."
Accounting Standards Board of Canada, for ASAF
Carbon credits research, ASAF agenda paper 6 (July 2024)
How entities apply IAS 2, IAS 38, IAS 20 and IAS 37 in practice.
World Bank
Direct carbon pricing covers nearly one third of global emissions (19 May 2026)
87 carbon pricing policies; just over 29% of global emissions.

Start with the question you have

Disclosure

Carbon credits in sustainability reporting

The gross rule, UK SRS S2 ¶36(e), ESRS E1 and the rules on offset claims.

Read →

Ratings

Carbon credit ratings

BeZero, Sylvera and Calyx Global: what each grade says, in each agency's own words.

Read →

Risk

Carbon credit risk analysis

Additionality, baselines, permanence and leakage, in depth.

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Regulation

Carbon credit regulation in the UK

Spot credits, derivatives, UK ETS allowances and the FCA perimeter.

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Claims

Carbon neutral certification

PAS 2060 and ISO 14068-1:2023 are withdrawn. What a claim rests on now.

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Talk it through

Book a free 15-minute call

A short call about a carbon credit disclosure or claim. No obligation.

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