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:

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

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