In this CIG project, participating companies partnered with farmers in their supply chain who took steps to reduce Greenhouse Gases on their farms. Insetting can directly reduce the hotel company’s carbon footprint by the atmospheric carbon removed by the olive trees and the farmer practices. For example, a hotel chain has funded the creation of olive groves, paying residents to plant and care for the trees, and then buys back the olive oil for its hotels. Unlike offsetting, where tradable assets like carbon credits are created and sold to others, carbon insetting is a proactive approach to reducing carbon directly and reporting those reductions within a corporation’s own carbon footprint. “Carbon insetting” is a concept that takes an alternative approach to “carbon offsetting” by helping companies achieve carbon/greenhouse gas reduction goals. Ĭertification documents including details such as the objectives, methodology, references relied upon and findings of this process and a final certification statement can be found at: GoldStandard (). The project is the second pilot in the world to achieve Design Certification – see. Bayer is committed to positively impacting climate change and in the past year has set goals to reduce field greenhouse gas emissions by 30 percent by 2030 as well as be carbon neutral in its own operations. When complete, it will be the first externally-validated intervention for the supply chain for row crops in agriculture. One of the most innovative components of the project focuses on delivering management practice systems that create both opportunities to reduce corporate value chain emissions and provide improved economic outcomes for farmers. With funding support from the USDA’s Natural Resources Conservation Service’s (NRCS’s) Conservation Innovation Grants (CIG) Program, Bayer, NCGA and partners began work to develop a unique and comprehensive value chain intervention that places climate smart agricultural practices on the right acres, verify the success and impact of those practices, and ultimately create a replicable approach for corporate carbon emissions reduction in their supply chain. However, at the time no guidance on how the impacts of supply chain interventions, often called ‘insetting’ projects, should be quantified and reported was available and there was concern about the credibility and consistency of these insetting claims. At the time, corporate interest in supply chain interventions that reduce GHG emissions was growing and many coffee, chocolate and cosmetics companies had already begun to implement on-farm emission reduction projects in their supply chains. The “Scalable on Farm Greenhouse Gas Reductions and Water Quality Improvements: Development and Implementation of an Economical and Verifiable Insetting and Accounting Framework” project began in December 2016. Bayer/Soil Health Partnership Conservation Innovation Project Overview
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