Blackmores ISO Consultancy Service: The creators of isology®

Businesses looking to tackle their environmental impact will need to look at how they can reduce their carbon emissions and offset any remaining emissions to ensure that they reach Net Zero.

One of the most common ways businesses offset their emissions is through the purchasing of carbon credits that typically go towards planting trees or re-wilding.

However, there are a number of new emerging trends following on from the current commodification of nature, resulting in an attitude shift from businesses who are looking to get a lot more involved in the offsetting process.

We invited Luke Baldwin, Co-founder and CEO of Nature Broking, back onto the show to explain the latest trends in the carbon market.  

You’ll learn

• What are the latest trends in the carbon market?
• The importance of high integrity within carbon offsetting
• Looking for impactful solutions
• Why education around carbon offsetting is key for long-term sustainability commitment
• How buying carbon credits now can lead to significant savings

Resources

• Nature Broking
• Isologyhub

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:05] Episode summary: Today Mel is joined by guest Luke Baldwin, Co-founder and CEO of Nature Broking, to discuss emerging trends in the carbon market that help businesses tackle their carbon offsetting.  

[02:50] What are the key trends in the Carbon Market  – As of 2024, Luke states the leading trends as:

• High Integrity
• Impactful solutions
• Education
• Purchase carbon credits now and save later

[04:10] High Integrity – There’s now a lot of carbon credits available and due to the nature of the unregulated carbon markets, it’s led to an increase in bad actors generating revenue in a bad way.

Once example of this is Kariba, a project in Zimbabwe that aimed to tackle deforestation, which was recently exposed in the Guardian and The New Yorker for having incorrect calculations. Credits purchased towards that programme were then called into questions and any associated companies were accused of greenwashing.

To avoid this, businesses are now putting a greater focus on high integrity solutions, which involves considerations such as:

• Are the credits durable? Will the carbon be stored long term?
• Are their significant CO2 benefits?
• Are the credits contributing anything besides just removing carbon? i.e. regenerative agriculture or woodland plantation

[06:20] Impactful Solutions: The carbon markets offers a lot of fantastic solutions and businesses are moving away from the quick commodification of those solutions, and are instead looking to really understand the impact of how they chose to offset their emissions.

It’s becoming more of a question of buying carbon credits that align with your values, whether this be social values or sustainability values.

They’re looking to invest in projects that will have a tangible outcome. Which is exactly what Nature Broking sets out to assist businesses with by tailoring bespoke solutions that adhere to their specific values.

[08:10] Education  – The need for more education around the carbon markets is crucial.

Luke remembers the quote “you can’t love what you don’t know”, which applies as how can a business truly invest in something that they don’t fully understand.

Sustainability is a mindset, and a cultural shift towards more sustainable practices starts with an education.

Carbonology uses an ISO framework, but also provide an education around the carbon reduction plan provided to inspire a mindset shift change towards sustainability.

[09:05] Blackmores experience – Blackmores have been implementing environmental and energy Standards for over 18 years, but it’s only been in recent years that we’ve seen a mindset shift in leadership towards sustainability.

While people may be aware of Standards such as ISO 14001 or B Corp, but may not be aware of other governance frameworks that can help businesses to manage their carbon footprint and carbon neutrality.

[10:20] Join the isologyhub – Don’t miss out on a suite of over 200+ ISO tools, templates and training, sign-up to become a member of the isologyhub  

[12:25] How can you make significant savings when purchasing carbon credits? – A lot of carbon solutions currently are very cost effective, in particualr forestry credits and carbon removal credits.

Some of the more technological ones such as direct air capture or bioenergy and carbon capture and storage can be more expensive now because the technology utilised is still so innovative and in it’s infancy. However, that will change in time.

 If you’re looking at building a carbon portfolio for your net zero journey, for example, say are going through a science based targets initiative and you’ve decided that you cannot avoid the 10% of remaining emissions your net zero journey and you need to buy carbon removals – you’re much better purchasing carbon removals now than in the future.

This is because there will be a supply shortage in future, especially when we see more enforced regulations come into play between 2030 and 2035. This will mean that the price of those carbon credits will rise significantly.

What may cost £20-£30 per tonne for carbon removal now may go up to anywhere between £100 – £150 per tonne!

So it’s worth investing in your carbon portfolio now, especially in the case of tree planting as those tress are going to take a while to grow and actually start storing carbon.

If you finance projects now, you will have already made an amazing impact from the start, and will potentially save yourself a lot of trouble and money in future by planning ahead.   

If You’d like to learn more about Nature Broking and their solutions, check out their website.

If you’d like to book a demo for the isologyhub, simply contact us and we’d be happy to give you a tour.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

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The UK is the first major economy to achieve it’s 50% reduction target for Greenhouse Gas Emissions (between 1990 and 2022). However, we’ve still got a lot of work to do to reach our 2023 target of a 68% reduction.

Many businesses are already making great strides to reduce their Impact, and while you can reduce, achieving true carbon neutrality will involve offsetting a certain amount of emissions.

One of the biggest challenges for businesses in terms of completing their offsetting is finding a credible carbon offsetting scheme.

Mel is joined by Luke Baldwin, Co-founder and CEO of Nature Broking, to discuss credible nature-based solutions for carbon offsetting.

You’ll learn

• Who are Nature Broking?
• What is Natural Capital?
• How can we restore nature at scale?
• Financing transition regenerative agriculture through the sale of natural capital
• How have Nature Broking worked with clients to complete their carbon offsetting?
• How can you demonstrate a credible carbon offsetting scheme?
• What projects are Nature Broking currently working on?

Resources

• Nature Broking
• Isologyhub

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:05] Episode summary: Today Mel is joined by guest Luke Baldwin, Co-founder and CEO of Nature Broking, to discuss credible nature based solutions for carbon offsetting and explore some of the wonderful projects Nature Broking have been involved with.

[04:10] What is natural capital?  – Natural capital is the idea of creating value from nature. What natural capital does is, it encompasses all the things that we get from nature that we rely on. That could be the shelter in your house all the way through to carbon offsets.

[04:55] Who are Nature Broking? – Nature Broking’s story starts off on a somber note. Sadly, Luke lost one of his friends in a mountaineering accident, and in his memory, Luke and another friend rewilded one acre of Scottish Borders Woodlands. This is something they make a point to visit every year, to pay tribute and to keep their living, breathing monument of his friends memory alive and well.

The experience was an eye opening one. For as lovely as the process was, it was incredibly expensive, and not very easy to do. Luke then realised that philanthropy alone wasn’t going to be able to cover the costs of what we required to restore nature.

Looking into the matter further he found that 50% of the world’s GDP is moderately or highly dependent on nature and that the UK, whilst green and beautiful, sits in the bottom 10%.

And so, an idea was sparked. Together his friend and Co-founder Andy started down the nature restoration path and created Nature Broking.

[06:20] What is Nature Broking’s mission?: Nature Broking have 2 major missions:

#1: Help restore nature at scale

#2: Help finance a transition to regenerative agriculture

[06:34] How can we restore nature at scale?  – The UK Government has set targets of halting nature decline by 2030, with a view to increase nature by 2045.

The Green Finance Institute has calculated that there is a funding gap of about 56 billion in order for us to achieve our legally binding environmental targets. That’s a hefty sum to put on public money and philanthropy, which is where private markets and business can make a big impact.

Frameworks like PAS 2060 (ISO 14068) help businesses invest in nature, and with the creation of carbon credits, carbon has been commodified to make it more accessible for businesses to contribute to carbon offsetting.

[08:20] How can we help finance transition regenerative agriculture through the sale of natural capital? – Regenerative agriculture is about restoring the soils, restoring nature back to its original level.

Modern farming techniques, while fruitful, use tools such as fertilisers and mechanised farming that have damaged the soils biome. That’s going to take time and a concerted effort to fix.

Now obviously, we can’t just stop farming, we need food, so not all land can go back to nature. Currently, 70% of the UK is farmed, so the agricultural sector will play a big part in being more regenerative.

However, the current incentives aren’t great, so there’s a lot of work that needs to be done in terms of financing the mechanisms behind it, i.e. funding and subsidies ect. One way we could do this is by ulitilising the carbon markets, as regenerative agriculture can lead to significant carbon sequestration.

[12:20] How do Nature Broking work with clients? – They make sure to work within the bounds of the business itself, as every business is different..

They don’t do off the shelf solutions, preferring to work closely with their clients and help them to really spend time in nature at the place where their carbon credits are being implemented. It’s ultimately about education on the different solutions available, including asking important questions like:

• What impact do you want to have?
• What are the challenges with each solution?
• What do you need to watch out for?

Each solution is tailored to your business. So, if you’d prefer to work in woodland restoration over regenerative agriculture, then Nature Broking would be happy to work with you to achieve that.

Carbon credits include their own set of challenges, one of the main ones being that science changes, so the solutions offered through carbon credits will also change. It may be a case of purchasing credits that tackle different solutions over a large area rather than pooling them all into planting trees for example. Nature Broking are here to help advise and facilitate this.

[15:30] Join the isologyhub – Don’t miss out on a suite of over 200+ ISO tools, templates and training, sign-up to become a member of the isologyhub

[17:45] How can Nature Broking demonstrate credible carbon offsetting? – Nature Broking are at their heart transparent with how they operate. By taking clients to see the actual physical results of their carbon credits, they can educate and help others form a genuine connection to nature. They want clients to truly understand the full impact of their efforts.

 The second element is due diligence, which can be displayed by utilising one of the many carbon related frameworks now available, such as B Corp and Sylvera. Though these don’t always work within a UK setting, so Nature Broking are working towards creating frameworks that do fit within the overall market view.

Lastly, they ensure that the standard they’re using is of high integrity, using frameworks such as the Integrity Council for the voluntary market, which analyses different standards. The 2nd is understanding the quality of the project developer, so looking at their technical expertise, looking at their financial ratings, and then evaluating the individual project itself in terms of potential risks.

[21:50] What are some of the projects that Nature Broking are currently working on? – A broad view of what’s available in terms of schemes include:

• The Woodland Carbon Code
• The Peatland Carbon Code – This is run by the IUCN, which is the International Council for the Conservation of Nature.

They are both defined and funded by DEFRA. These are some of the first carbon codes to move into the UK, however there is a lack of available carbon credits, which should change in future.

Other’s include:

• Wilder Carbon – A carbon code focused on rewilding, run by The Wildlife Trust.
• Carbon Code of Conduct – A regenerative agriculture code, so it focuses on analysing the full sequestration and full emissions potential of a whole landholding.

[25:00] Carbon Credits in practice – There’s a current project called Bank Farm in Kent, which is being used as a test site for regenerative agriculture. This includes the likes of agroforestry, which is where you integrate trees into fields which provide shade for animals and store carbon. So, you’re not removing those fields from production, simply adapting them to be more sustainable.

They’re also practicing mob grazing, which is all about using herbivores to maxmise the amount of carbon stored in the soil. You can do this by moving, say cows for example, around a field to graze quickly on small areas before moving them on.

[27:05] Mel’s conclusion – There’s a huge opportunity in the management of agriculture that can be utilised within carbon credit schemes. In addition to helping our economy by creating new jobs within this new approach to tackling emissions and storing carbon. Hopefully we’ll see larger corporations investing in these sorts of schemes both here in the UK and abroad.

If You’d like to learn more about Nature Broking and their solutions, check out their website.

If you’d like to book a demo for the isologyhub, simply contact us and we’d be happy to give you a tour.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Stitcher | Spotify | YouTube |iTunes | Soundcloud | Mailing List

Before we dive into the new year, we’d like to take a step back and reflect on 2023.

Last year was filled with a lot of topics and challenges, from tackling the transition to ISO 27001:2022, to finding credible ways to offset your carbon emissions within the UK.

With a total of 33 episodes published last year, Mel looks back on the 5 most popular episodes of 2023, including some highlights from each episode.

You’ll learn

• What were the top 5 most popular podcast episodes of 2023?
• A highlight from each of the top 5 episodes

Resources

• The ISO Show

In this episode, we talk about:

[00:45] Editor shoutout – A special shout out to the Blackmores Communication Manager, Steph Churchman, who helps organise, produce and publish the ISO Show podcast!  

[01:20] Information Security was a favorite topic for 2023 – ISO 27001:2022 was definitely a hot topic in 2023, which is not a surprise seeing as anyone currently certified to ISO 27001:2013 will need to transition to the latest standard by October 2025. Many were making a start on this in 2023, or looking to plan it in for 2024.

[02:10] #1: Episode 128 What’s new with ISO 27001:2022? – Orginially published as part of a series of podcasts explaining the new Standard. This episode focuses on a high-level overview of the major changes.

Here are a few highlights from the snippet:

• Steve Gives an overview of what’s new in ISO 27001:2022 – The updated version of ISO 27001 was released on the 26th Oct 2022. The new version included 24 changes and clarifications within the main clauses.
• The controls for the new standard are now categorised into 4 groups: Organisation, People, Physical and Technology 
• We covered some of the new controls in more detail in previous episodes: #109, #110, #111, #112, #113 and #114
• The 24 changes and clarifications to Clauses include older existing clauses which have been tidied up to be more transparent. We recommend reviewing to ensure that you are complying in a way that aligns with the Standard.
• There are 11 new Controls. 56 controls from the 2013 version have been reduced to 24 with 58 remaining unchanged. So, in short, Annex A has been simplified with less duplication of controls.

[09:15] #2: Episode 130 What are the 11 new controls in ISO 27001:2022? – In this episode we brought Steve Mason back to discuss the 11 new controls in ISO 27001:2022, and delve into the context of why these were added. We also highlight some of the resources we’ve made available in the isologuhub, including mention of our ISO 27001 Transition Gameplan.

Here are a few highlights from the snippet:

• These new controls are nothing to worry about – they are simply aligning the Standard with more modern security considerations. You may already be complying with them!
• Control A.5.7 Threat intelligence – ‘To provide awareness of the organization’s threat environment so that the appropriate mitigation actions can be taken.’ – This can come from many different sources, such as the NCSC or local police websites. There are also additional tools you can add to detect possible phishing attacks. This also includes consideration to external threats – Information Security is about much more than just protecting data! It also includes physical security.
• Control A.5.23 Information security for use of cloud services – “To specify and manage information security for the use of cloud services.” – More and more businesses reply on cloud-based computing. It’s important to verify the security of your service provider to ensure it’s adequate. You can check to see if they have any valid Information Security related credentials such as CSA Star, Cyber Essentials, SOC. You could also adopt principles of ISO 27017 (certification for cloud security), ISO 27018 (Protection of PII in the public cloud) and ISO 27701 (PII security Standard).
• Control A.5.30 ICT readiness for business continuity –‘ To ensure the availability of the organization’s information and other associated assets during disruption’ – There a few standards that could assist with this, including ISO 27031 (ICT readiness for Business Continuity). Those that have ISO 22301 may want to look at how ISO 27001 elements can be integrated and improved in any disaster recovery plans. ISO 27001 needs to be an integral part of any business continuity plans – not just a bolt on. Small business may not want to conduct a full business impact analysis, but should carry out a risk assessment around business continuity at the very least.

[21:20] #3: Episode 134 Credible Carbon offsetting with Treeconomy: We had some fantastic guests on the show last year, such as Harry Grocott – CEO of Treeconomy. We invited him on to talk about how we can demonstrate credible carbon offsetting through schemes here in the UK, and how you can avoid falling prey to greenwashing.

Here are a few highlights from the snippet:

• Can we quantify the value of nature? Short answer right now is no, but there is a lot of nuance. Nature offers ecosystem services i.e. farms offer a calorific benefit, we can put a price on the value that offers. The same principle applies to resources such as wood or oil. Now we are gaining the ability to quantify CO2 removal, which is undeniably valuable to humanity.
• Other more recent services such as biodiversity projects are a bit harder to quantify – as they vary so much depending on the country. However, we are starting to assign value to these.
• How can people be sure that they don’t fall prey to Greenwashing? There are 2 main issues to consider: 1) Are your carbon credits credible? 2) what claims are top management making?
• Tackling claims made by leadership: ISO standards are starting to solve this issue. There are clear requirements and certifications that need to be in place to back those claims. 
• Tackling carbon credits: The carbon offsetting market is heavily unregulated currently. Essentially it’s a lot of people trading in invisible gas. There are a number of carbon standards (Not quite at the same level as ISO Standards), such as the Woodland Carbon Code and the Peatland Code, and Internationally there are standards such as Verra VSC – unfortunately, a lot of these standards aren’t very robust and aren’t enforced.
• Many companies will often look to buy the cheapest offsets available, which are likely to be non-credible and will provide no evidence of actual offsetting occurring. But, there are a lot of new companies emerging that provide tangible evidence of offsetting (such as Treeconomy  )

[33:50] #4: Episode 136 dotdigital’s sustainable transformation with ISO 14001 –  We’re always delighted to share stories about our clients’ ISO journeys. In this case we got the chance to talk to Steve Shaw, the Chief Product and Technology Officer at dotdigital, about their journey to achieve ISO 14001.

Dotdigital have a habit of going above and beyond when it comes to implementing ISO Standards, and this time is no different as Steve explains some of the fantastic sustainability initiatives introduced as a result of gaining certification.

Here are a few highlights from the snippet:

• dotdigital was the worlds first carbon neutral marketing automation platform that was ISO 14001 certified. They also aim to be net zero by 2030!
• They have a relatively small footprint as a primarily digital based company, only really having to consider the running of computers, air conditioning and standard office facilities. So it can be a challenge to reduce!
• What led to the success of dotgreen? – dotdigital launched a group called dotgreen, which has since thrived into a community of likeminded individuals all working together to improve and reduce dotdigital’s impact. They were fortunate to have an Executive group sponsor who can take ideas and suggestions to other leadership for consideration. This grassroots group encourages suggestions from everyone – no idea is a bad idea. Over time, the group evolved and helped to develop a sustainability programme for the business. 
• What was one of the initiatives implemented from dotgreen? – They identified that existing data centers used by the business weren’t always utilising renewable energy. So, over the course of 2 years, they worked with Microsoft to build on their Azure platform to enable dotdigital to make the switch. Azure runs on renewable energy sources, and any remaining emissions can be offset through carbon credits.
• A green option for their customers – As a result of their cloud platform now being run through green partners, they can extend the environmental benefit to their customers. 

[42:25] #5: Episode 135 Emerging SaaS Trends in Health and Safety – Health and Safety can be quite the task to keep on top of, a well known fact for anyone certified to ISO 45001. Thankfully, there are a number of Software as a Service options out there to make the lives of Health and Safety professionals much easier. New and emerging technologies are only going to develop more rapidly with the integration of AI and machine learning.

We invited James Sharp, Chief Technical Officer at Riskex, onto the show to discuss the top 10 emerging SaaS trends, including how each can help streamline processes and gather and analyse large amounts of data.

Here are a few highlights from the snippet:

• Riskex have been certified to a number of ISO Standards, including ISO 18001 (Prior Health and Safety Standard, now certifying to the latest version, ISO 45001), ISO 27001 (Information Security) and ISO 9001 (Quality Management)
• Software as a Service became very popular during Covid, as business became very fragmented and were looking for solutions that could be rolled out across multiple sites. Riskex also created their own track and trace system based on established software they were already offering – helping businesses manage Covid safely.
• Trend #1 – Artificial Intelligence – Artificial learning is all around us and with vast volumes of data being collected by safety management platforms.   AI allows decision engines to predict and provide guidance based on key trends or established KPI’s. For example, if accident rates were to increase but at the same time risk levels have been reducing, it could soon highlight this trend and look at other surrounding data or previous trends to establish a pattern.  This will lead to a more pro-active approach to reporting and subsequent decision-making.
• Trend #2 – API Connectivity – Providing an open API platform will allow businesses to integrate internal systems and external services to digest data. As more organisations adopt Cloud solutions, connectivity between platforms has become increasingly important. With a robust API offering, multiple business services can interact with ease and become part of the safety management space, without incurring significant cost or time.
• Trend #3 – Low-Code Optimisation – Developing generic components within software to allow for quicker builds, implementations and tailoring requests. As stand-alone and generic component development increases, solutions can offer more flexibility and self-serve options to the end user to assist them with aligning platforms with their specific processes.
• Trend #4 – Mobile Optimisation – More and more end-users are accessing health and safety software via their mobiles but for various reasons, are not always able to use native apps (installed on the device). Therefore, health and safety software platforms need to adapt use on multiple devices, without the loss of features.

We can’t wait to dive into new topics this year! If you’d like to request a specific topic, or be a guest on a future episode, get in contact and let us know.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Stitcher | Spotify | YouTube |iTunes | Soundcloud | Mailing List

Trying to achieve Carbon Neutrality can feel like a monumental task, especially with so many separate elements that you have to complete. From quantifying your data, reducing where possible and offsetting the remainder, it can be hard to keep track of it all with taking a structured approach.

Which is where ISO 14068 comes in. This is the new Standard for Climate Change Management, and it’s specially designed to help businesses with the transition to Net Zero.

In this weeks’ episode Mel explains 10 reasons why you should use ISO 14068 – the new Standard for Carbon Neutrality.   

You’ll learn

• What is ISO 14068?
• Why should you adopt ISO 14068?
• How can Carbonology Support you with ISO 14068?

Resources

• Carbonology
• Grab a copy of our Net Zero Planner
• ISO 14068

In this episode, we talk about:

[00:25] What is ISO 14068? – This is standard for Climate Change Management. If you’d like to find out more about the Standard, it’s purpose and how it can prevent green washing, go back and watch our previous episode.

[00:55] Where to find more information – This podcast is based off BSI’s most recent Publication on ISO 14068: ‘Climate Change Management – Transition to Net Zero – Part 1: Carbon Neutrality (A BSI Executive Briefing).

You can download this from a recent blog on BSI’s website.

[01:05] Reason 1: A structured approach – Mel found out firsthand from a recent EMEX event that people are looking for a structured approach to carbon neutrality.

ISO 14068 gives organisations a structured process for developing a detailed carbon neutrality management plan with short- and long-term targets.

[02:10] Reason 2: Quality – In contrast to unsubstantiated claims of neutrality, claims under ISO 14068 have to be based on all GHGs, take a lifecycle approach and can only be made after the development of long-term planning, with real GHG reductions in place, and offsetting restricted to residual emissions using high quality carbon credits.

[03:10] Reason 3: Credibility: Use of this internationally recognised standard can offer market benefits by increasing the credibility and verifiability of a product or organisational claim of carbon neutrality.

This Standard has been developed by international technical committees and subject matter experts across the globe, which gives it a lot more credibility in the eyes of Stakeholders. They will have confidence that claims are transparent and reliable from those who adopt ISO 14068.

[04:22] Reason 4: Global Recognition –  A quick reminder – Those who have been listening to the ISO Show for a while now may remember our previous podcasts on PAS 2060 – the previous Standard for Carbon Neutrality. Companies will now have 2 years to transition to ISO 14068. We’ll be doing a podcast on how to go about doing that in 2024!

Circling back to Global Recognition, ISO 14068 provides a common set of criteria for measuring and reporting carbon neutrality. This ensures consistency across different organizations and industries, underpins easer comparisons for carbon neutrality efforts between entities, allows stakeholders to assess and benchmark efforts, and supports global recognition for claims of carbon neutrality.

[05:30] Reason 5: Convenience – If you’ve already got other ISO’s in place, good news! ISO 14068 is designed to work with other quantification standards such as ISO 14064 or other equivalents.

[05:55] Reason 6: Flexibility – ISO 14068 can be used by any sized organisation, in any country or sector. It can also be applied to whole organisations or individual products.

[05:55] Reason 7: Responsibility – The standard encourages organisations to take responsibility for minimising their own carbon footprint before paying third parties to offset their emissions.

We’ve seen in the past where people think just paying for carbon credits will work in the long-term – which just isn’t sustainable. You should be looking to reduce as much as possible before moving onto the Offsetting stage.

[08:00] Reason 9: Risk Mitigation – Adopters of ISO 14068 will be in a strong position to manage current and emerging regulatory and market risks in relation to GHG emissions.

It’s a competitive market place out there, with ESG requirements appearing more on tenders year on year. Many will now require you to prove your commitment to carbon neutrality, and it’s become clear that we need Standards to be able to provide that evidence.

This is where ISO 14068 comes in, as you will have that proven methodology that you can then demonstrate to those stakeholders.

[09:30] Reason 10: Competitiveness –  ISO 14068 demonstrates a commitment to climate action can also mitigate reputational risks and enhance brand value, market access and competitiveness

[10:30] Further Information –  Our sister company, Carbonology, will be publishing more content around ISO 14068 in 2024. Check back on their website to find out more.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episode’s:

Stitcher | Spotify | YouTube | iTunes | Soundcloud |

To keep global warming to no more than 1.5°C, as called for in the Paris Agreement – emissions need to be reduced by 45% by 2030 and reach net zero by 2050.

Many businesses are already making great strides to reduce their Impact, and while you can reduce, achieving true carbon neutrality will involve offsetting a certain amount of emissions.

Treeconomy are one of the few companies in the UK that offer credible carbon credits. Backed by principles of PAS 2060 (Carbon Neutrality), they seek to break the greenwashing cycle.

Mel is joined by Harry Grocott, CEO and Co-founder of Treeconomy, to discuss their credible carbon offsetting schemes and the innovative technology they use to help quantify the value of nature.

You’ll learn

• Who are Treeconomy?
• What is the difference between services offered for landowners and Offset buyers?
• Can you quantify the value of nature?
• How can people be sure that they don’t fall prey to Greenwashing?
• How can someone go about buying and monitoring offsetting credits?
• Are Treeconomy’s carbon offsetting schemes verified?

Resources

• Treeconomy
• Sherwood
• ISO 14064
• PAS 2060

In this episode, we talk about:

[00:30] Catch up our episodes covering the Sustainable Development Goals (Part 1 / Part 2), ISO 14064 and PAS 2060.

[01:00] Treeconomy are a company that offer credible carbon offsetting schemes – they are one of the few companies who are recognised by PAS 2060 (the Standard for Carbon Neutrality)

[02:05] Harry Grocott (CEO) introduces Treeconomy –  A nature based, carbon removal and restoration company that operate in the UK and Internationally. They offer schemes that work towards afforestation, peatland restoration, rewilding ect. They are also keen to enable evidencing the impact, developing a software platform, remote sensing, and AI technology to do so.

[03:41] They are part of the Centre for climate change innovation which is an initiative of Imperial College London and the Royal Institution to catalyse innovation of all forms that address the causes and effects of climate change.

[04:22] What is the difference in services for Landowners and Offset Buyers? For landowners, Treeconomy can help you change land use from one to another. I.e changing land used for sheep grazing into something more carbon intensive. Treeconomy will ensure that any project started with them is a verified Carbon Scheme – in-line with the woodland carbon code. Once your project set up has been completed and verified, Treeconomy will assist in the sale of credible carbon credits.

[07:22] For offset buyers: Treeconomy offer a wide range of projects and varyingly priced carbon credits.  

[07:45] Can we quantify the value of nature? Short answer right now is no, but there is a lot of nuance. Nature offers ecosystem services i.e. farms offer a calorific benefit, we can put a price on the value that offers. The same principle applies to resources such as wood or oil. Now we are gaining the ability to quantify CO2 removal, which is undeniably valuable to humanity.

[09:18] Other more recent services such as biodiversity projects are a bit harder to quantify – as they vary so much depending on the country. However, we are starting to assign value to these.

[12:15] How can people be sure that they don’t fall prey to Greenwashing? There are 2 main issues to consider: 1) Are your carbon credits credible? 2) what claims are top management making?

[12:44] Tackling claims made by leadership: ISO standards are starting to solve this issue. There are clear requirements and certifications that need to be in place to back those claims.  

[13:00] Tackling carbon credits: The carbon offsetting market is heavily unregulated currently. Essentially it’s a lot of people trading in invisible gas. There are a number of carbon standards (Not quite at the same level as ISO Standards), such as the Woodland Carbon Code and the Peatland Code, and Internationally there are standards such as Verra VSC – unfortunately, a lot of these standards aren’t very robust and aren’t enforced.

[15:30] Many companies will often look to buy the cheapest offsets available, which are likely to be non-credible and will provide no evidence of actual offsetting occurring. But, there are a lot of new companies emerging that provide tangible evidence of offsetting (such as Treeconomy 😊)

[18:30] How can someone go about buying and monitoring offsetting credits? If you don’t want to use a company like Treeconomy, you would need to directly contact and purchase credits from a company who is developing a project.

[19:23] Treeconomy have created a platform called Sherwood – this displays all the projects they are helping to develop, which also tells you who the landowners are and the carbon inventory attached to each project. It can also help you evidence credits purchased, whether they are historic or future carbon removal.

[21:30] Not many companies offer comprehensive reporting and evidencing of carbon credits in practice. Treeconomy use a range of methods such as drones, satellites and AI programs to report back, and aim to make getting this information as easy as possible for credit purchasers.

[23:20] How did Harry get into this business? Starting off studying geography and Science – he later went onto work in finance for 3 years and qualified as a finance adviser. While working he realised that the amount of money available is rarely the issue, rather the use of it. He saw that there was a large gap in funding for climate change mitigation and adaptation – but not enough money was going towards it. He began wondering why more couldn’t be invested and so decided to study climate change management and finance (partly though Covid), where he met his co-founder. After getting some Government grant funding, investors and landowner partners, they have flourished over the last 3 years.

[27:00] Are Treeconomy’s offsetting schemes verified? Yes – they work under the UK woodland carbon code (and soon the peatland carbon code). They are also working to create a new protocol to tackle rewilding, including how the value and progress can be tracked. Internationally they will be working under Verra.

[29:05]  Treeconomy can help to provide detailed evidence of carbon offsetting thanks to their reporting capabilities, this can be passed onto 3^rd party auditors to verify in-line with any carbon Standard. 

[30:00]  You can find Treeconomy via their website, LinkedIn, Twitter and Instagram 😊 

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