To ensure access to high-quality credits and effectively navigate the complexities of the voluntary carbon market, JPMorganChase has procured from Carbon Direct’s curated carbon removal portfolios and co-design projects.

Every project in Carbon Direct’s portfolios is evaluated against the science-based Criteria for High-Quality Carbon Dioxide Removal that helps to ensure each project delivers rigorously quantified climate impact, limits risks, and supports community and ecosystem benefits. Once projects have cleared the multi-stage review process, they are curated into portfolios that offer a diversified range of projects, simplification of the procurement process, and best-in-class project monitoring and delivery protections.

“Carbon Direct helps us pursue new investment opportunities in the voluntary carbon market with confidence,” says Taylor Wright, Head of Operational Decarbonization at JPMorganChase. “Their carbon removal portfolios made it easy for us to reduce risk and make progress on our goal of removing and durably storing one tonne of CO2 for every tonne of unabated direct operational emissions by 2030.”

For co-designed projects, Carbon Direct applies the same criteria used to evaluate portfolio projects to design and develop scientifically robust credits, as well as accelerate those credits into the market. JPMorganChase procured improved forest management (IFM) credits from a co-designed project with Weyerhaeuser: the Kibby Skinner IFM Project. As part of the project design and development, Carbon Direct scientists assessed 60 different requirements to ensure that all credits issued will deliver real, additional carbon absorbed and stored.

When we heard about Carbon Direct’s contributions to the Weyerhaeuser project we were excited. Having Carbon Direct’s scientists do the deep, technical diligence alongside a supplier helps to ensure quality that buyers can trust.

Taylor Wright
Head of Operational Decarbonization, JPMorganChase

Looking ahead, JPMorganChase will continue to work with Carbon Direct to identify and procure the highest-quality carbon removal projects in the market that will help them deliver on their climate goals.