Patch

🌍 Ever wondered how Google is shaping the voluntary carbon market from the inside out? Here's what most companies get wrong: they assume Google's carbon market success is all about deep pockets and market influence. But the real story is in their strategic framework and decision-making process — tools any company can adapt and use. Join us for a rare insider's view with Randy Spock, Google's Carbon Credits and Removals Lead, and Bee Hui Yeh, Carbon Markets Lead at Patch. Unlike a lot of carbon market talks, this isn't just theory — Randy and Bee will break down: 👉 How to validate your carbon credit strategy across spot and multi-year purchase agreements 👉 How to spot gaps in your current approach to carbon procurement PLUS low-hanging fruit to optimize your systems and processes 👉 The lessons Google has learned for maximizing climate impact as a first-mover in carbon markets Whether you're managing a Fortune 500 carbon program or just starting your carbon journey, you'll walk away with actionable strategies to punch above your weight in the voluntary carbon market. https://lnkd.in/g7W8_QGv #Sustainability #CarbonMarkets #ClimateAction #ClimateInnovation

Proud to help Erik at Workday execute against two key strategic objectives: 1️⃣ Scale up project capacity in a nascent market 2️⃣ Abate and avoid high-global warming potential greenhouse gases like methane By working with buyers and developers to structure complicated multi-year agreements, we can save time and resources on the demand side through our platform and expertise. For developers like Tradewater, it ensures stable, predictable revenue they can reinvest faster, or leverage to raise capital for scaling their solutions. Multi-year agreements for strategic carbon credits represent a forward-thinking approach to the market — one that's emblematic of Workday's role as a leader and innovator in sustainability. It's how we're working together to unlock billions in climate finance to rebalance the planet.

With a month left to go before the new administration, there's a lot of uncertainty around what's ahead for the climate and for carbon markets specifically. Our CEO, Brennan Spellacy recently published his analysis in MCJ's newsletter. Here's a quick excerpt, but the whole thing is worth a read — especially if you're nervous about what the next four years will mean for the planet: https://lnkd.in/eaz-ubuG "It’s undeniable that federal policy over the next four years will affect the fight against climate change. But in the case of carbon markets, the momentum behind corporate action isn’t likely to diminish. That’s because significant subnational policies remain in place — including in California, the world’s fifth-largest economy. On top of that, the largest U.S.-based multinationals will continue to be subject to policy in the European Union, which will continue to drive more ambitious action in carbon markets." Based on our research, the more pressing challenge for corporate climate action is how difficult it is for most companies to engage with carbon markets. Take a look at our new report, How to unlock billions in carbon credit demand. Link is in the comments 👇

How to unlock billions — Phase 3: Diligence It’s hard to overstate how much diligence blocks companies from engaging in carbon markets. It is often the largest drain on human resources in the procurement process. Even companies outsourcing the task find the time periods to be long and the outputs complicated. Here’s a challenge: leave your best guess in the comments for how many employee-hours it takes to diligence a typical carbon credit portfolio. Then click through to this page to find out the answer: https://lnkd.in/eRMEC_Fj You might think it’s impossible to scale a diligence process which is so heavily dependent on human expertise and effort — but we’re working on some exciting solutions. How Patch is working to solve the diligence phase: - Patch has created a stringent Project Acceptance Criteria, which evaluates 200+ project attributes against the latest science, methodologies, and standards. - The Patch platform uses AI to translate disparate project documentation, third party ratings, and information from verifiers into standardized data, resulting in faster, more consistent diligence and easier comparisons across projects. - Patch’s carbon market experts translate project data into digestible diligence evaluations and analysis to streamline the matching process.

How to unlock billions – Phase 4: Purchase. The purchase phase is one of the most purely operational and logistical challenges carbon credit buyers face today. Here’s an example: take a five-project portfolio and imagine just the contracting process multiplied across each one. The ops alone can take a whole team’s time for weeks. When sustainability leaders can clear these tasks from their plate, capital can flow faster and they can reserve more time for their broader sustainability goals. How Patch is working to solve the purchase phase: - Patch works on buyers’ behalf to both negotiate and draft contracts for purchases ranging from straightforward spot purchases to highly complex, multi-year, multi-project offtakes with fair terms for both suppliers and buyers, saving time and money. - When purchasing a diversified portfolio, Patch provides buyers with only one consolidated contract and payment — no matter how many projects. - Patch tracks delivery status for every purchase, and manages retirements on your behalf as credits are delivered Access the full report in the comments.

OIA's Catalyst Conference brought our industry together to collaborate on solutions to some of our industry's toughest sustainability challenges — from emissions reduction to clean chemistry. In our Climate Leadership Workshop, Patch's Bee Hui Yeh broke down the carbon removal challenge, offering actionable strategies. You can learn more about carbon removal and scaling carbon markets in Patch's recently released Buyer Journey Report: https://bit.ly/3ByeuD4 #climate #sustainability #outdoorindustry

🌱🌎 Carbon Markets + Climate Policy Insights #58 🌱🌎 📈🌟 A weekly curated list of essential insights 🌏 The UNFCCC released a series of documents that provide guidance to project developers interested in participating in the Paris Agreement Crediting Mechanism (PACM) as part of Article 6.4. ✅ ICVCM approved Verra's VM0047 afforestation, reforestation and revegetation methodology, enabling projects issued with this methodology to receive the Core Carbon Principle label. 🐦 Super interesting piece in Nature Magazine showing that attention to CDR on social media has grown exponentially since 2010 and a host of other insights. 🌳 The Symbiosis Coalition launched its first procurement process towards its goal of contracting up to 20M tonnes of nature-base carbon removal credits by 2030. This first tranche will focus on reforestation and agroforestry projects. 🪨 Terradot, an Enhanced Rock Weathering (ERW) company, announced $58.2M in funding to scale its carbon removal efforts and also confirmed purchase agreements for around 300,000 tonnes of carbon removal. Thanks for reading! #CDR #VCM #climatepolicy #climateaction #sustainability #weeklyupdate #carboncredits #carbonremoval #carbonmarkets #corporatesustainability #voluntarycarbonmarkets

The beauty of Patch is we abstract away all of the complexity of buying carbon and staying compliant. CSOs have enough on their plates, we'll do the hard work for you. If you need help with carbon purchase reporting, even if you haven't bought using Patch, feel free to reach out.

We’re officially less than a month away from the deadline to be compliant with California’s AB1305. Here’s what you need to know: A section of California Assembly Bill 1305 requires any company doing business in California that purchases carbon credits to make a report on specific information about their credits publicly available online (44475.1.) by Jan 1, 2025. Patch can help. Our platform can get you all the information you need under AB1305 for the credits purchased on our platform in 2024, so that you don't need to do the research yourself. Are you interested in getting our help with your reporting? Reach out here: https://lnkd.in/eDiuDsmn

Thanks MCJ for spotlighting our CEO, Brennan! This is such an important message, too. We have the capacity right now to build the future we want — but what's standing in our way might not be what you think it is. Click on through to see what's really standing in the way of acceleration in carbon markets.