What’s on your mind
How can my business achieve climate neutrality and start the journey towards net zero emissions? How can I develop my climate project or certify my carbon crediting project? How can I effectively and transparently communicate my climate action and mitigation efforts?
Step 1: Estimation of unavoidable greenhouse gas emissions of the product
MCS estimates unavoidable GHG emissions for the smartphone. The result of this step is the quantification of emissions that can be compensated by financing an offsetting project aiming at reducing GHG emissions outside smartphone supply chain of the company.
Step 2: Selection of high-quality offsetting projects
MCS developed the individual project selection matrix, considering customer’s goals, values, and specific preferences (e.g., project type, co-benefits, etc.). The application of this approach ensures that the selected offsetting project meets offsetting requirements and as such is additional, permanent, avoids double counting, applies approved methodology, and brings valuable co-benefits such as ecosystem services, biodiversity, and livelihood improvement. In other words, it ensures high-quality carbon credits.
Based on that, the most suitable certified project was chosen. The selected Lower Zambezi REDD+ project is located in Zambia and applies a holistic approach to tackle poverty, environmental degradation, and climate change together. In collaboration with local community, the project develops sustainable land-use practices that preserve endangered forests and wildlife while investing in the development of rural communities.
Step 3: Ensuring the availability of credits and issuance of compensation certificate
The next step of the project was establishing direct contact to project developers to ensure the availability of carbon credits for their further purchase and transfer to the MCS account in the respective registry. MCS proceeded to the credits’s retirement them on the behalf of the customer and produced the compensation certificate. The certificate included the company name, the amount of purchased credits, the compensation project name and the carbon credits serial registration number (example of the certificate can be found here). With this procedure, MCS ensures transparency, avoids greenwashing and guarantees the avoidance of double-counting.