Supplier: NicaForest
our framework

Our industry-leading due diligence framework ensures you to stay ahead of the curve and align with science.

We work with only the best projects rather than prioritising quantity, constantly raising our standards to ensure projects meet high expectations. This allows us to know the projects inside-out and better match projects with clients wants and needs.‍

science-led APPROACH

Best in class carbon removal.

Our proprietary knowledge of the latest science and stringent project selection allow you to navigate this ever-evolving industry with confidence.

Since our inception, we’ve gone beyond just aligning with the leading scientific voices in the field, exceeding industry norms and expectations, and have always invested solely in removals.

Minimised risk in investment with better data collection and tailored due diligence.

Increased minimum standards to ensure impact and continually ‘raise the bar’.

Remain ahead of the regulatory curve and industry gaps, building market of the future.

We’ve compared our process to the leading buyers and organisations:

Benchmarking with the best:

Microsoft logo Klimate logo
Social harms, benefits, & environmental justice Co-benefits: Social co-benefits
Environmental harms & benefits Co-benefits: Environmental co-benefits
Additionality & baselines Climate impact: Additionality
Measurement, monitoring, reporting and verification Integrity: Monitoring, reporting, & verification
Durability Climate impact: Permanence
Leakage Climate impact: Effectiveness
Integrity: Quality assurance
Novel tech & future pathways Scope & implementation: Project capacity & maturity

Read more about how we benchmark with top buyers.

True clarity

Transparency built in

We believe credibility starts with openness. That’s why all due diligence data on individual projects is available directly in the Klimate platform giving you clear insight into risks, assumptions, and performance before and after you invest.

Evaluation Framework

Human-led due diligence built for credibility

Our comprehensive due diligence framework is built and applied by real experts, providing transparent insights into project quality and risk. All projects are vetted across 4 main areas allowing us to assess all projects against the same parameters and compare the performance of different methods.

Climate impact

Klimate evaluates the permanence, rapidity, additionality, and effectiveness of carbon removal projects to determine the impact they have on climate change.

66 Data points
Additionality

A carbon removal project is deemed additional if it creates an impact that would not have otherwise occurred in the absence of the project implementation. Additionality ensures that CDR takes place on top of emissions reductions, so that current emission scenarios cannot continue.

Effectiveness

This category looks into the project’s operational emissions and the intensity ratio of resources needed by the carbon removal project as life cycle analyses. This ratio should be as low as possible.

Permanence

Carbon removal projects combat climate change by removing atmospheric CO₂ , storing it in reservoirs, and preventing it from being re-emitted. The more permanent a removal is, and the lower the risk of reversal, the longer it keeps carbon locked away in reservoirs. Furthermore, different methods sequester carbon over a range of timescales. Rapidity measures how quickly carbon can be stored, which is crucial as climate change amplifies global warming over time.

Co-benefits

To address potential issues with carbon tunnel vision, we go beyond by evaluating the social and environmental benefits these projects generate, such as native biodiversity, soil health, or community well-being.

78 Data points
Environment

There are many synergies between projects and many aspects of the environment, such as, biodiversity, ecosystem habitat, resource quality, and climate resilience. However, strong protections against environmental harms are essential for a high-quality project to consider.

Social

Beyond carbon, socially positive impacts can can include job creation, increased welfare, or capacity building for community well-being. However, there are social harms such as displacement that must safeguarded against.

SDGs

Acknowledging that climate change needs to be addressed beyond carbon removal, the projects are assessed by its contribution and synergies towards the Sustainable Development goals.

Integrity

Klimate analyses the carbon accounting, certification standards, and verification procedures of carbon removal projects to ensure they are sound and credible. We hold projects to these high standards to help drive the overall integrity of the market.

97 Data points
Certification

Different national and international standards exist across methodologies beyond our own and those conducted internally by projects. These bodies have well-defined processes which verify and audit projects for its traceability, methodologies, and compliance. Thus, adding another important layer of checks and balances.

Credit Distribution and Issuance

Different types of projects and technologies have different ways of issuing, delivering, and contracting credits. These various differences are also often reflected in the credit’s price. For example, ex-ante credits are based on a predicted future removal and involve higher risk, while ex-post credits are based on verified removals that have already occurred.

Monitoring, Reporting, and Verification

This is the continual measurement of progress towards the project’s benefits. This includes the carbon being removed, associated co-benefits, and the project’s impact on the environment. It ensures the quality of integrity associated with the impact of investment.

Scope and Implementation

We analyse the potential benefits and risks of the carbon removal projects and technologies to future-proof your investments.

51 Data points
Project Capacity and Maturity

Critical to our common climate goals is scaling carbon removal. Thus, it is important to analyse the scale and scope, as well as a project’s ability and limits to growth.

Risk / Mitigation

Knowing the project’s risks and its associated mitigation measures that could affect its operations is vital to ensuring the safety and reliability of the carbon storage.

Governance

Ensuring best practice across the carbon removal market is essential to reaching our future climate goals. We analyse these governance structures, such as procedures, policies, and local community engagement.

Our Approach

Get to know the science that shapes our business.

Our approach is guided by leading authorities and scientific experts to ensure investment in high quality, high integrity, and additional carbon removal projects. This is the path to a net zero future.  

1

Oxford Principles for Net Zero Aligned Offsetting

Reduce all possible emissions and remove the rest
We need to transition from avoided emissions to carbon removal. As much as economically feasible, companies should transition to long-term removal solutions.

Support the development of net zero aligned offsetting
When procuring offsets, companies should aim to help support the development of new, scalable technologies.

Learn more about Oxford Offsetting Principles

Read the report

2

Science Based Net-Zero Target Setting in the Corporate Sector

Guidance and tools to meet net zero
Providing companies with a clear blueprint on how to bring their net-zero and climate action plans in line with the science.

Ambitious reduction goals
Setting near- and long-term corporate emission reduction targets to keep warming to 1.5 degrees.

Read report

3

Intergovernmental Panel on Climate Change

CDR is required to limit global warming
It is part of all modelled scenarios that limit global warming to 2deg. or lower.

Role of CDR in Mitigation
CDR is not a substitute for emission reductions but a key tool used in tandem to mitigate climate change.

Read report

OUR APPROACH

Enabled by tech.

Achieving net-zero requires scaling to gigatonne capacity across multiple methods and locations. This is no easy task.

Kick-starting this growth on pace requires trustworthy infrastructure, reliable supply and demand forecasting, and financing of promising technologies.

That’s why we’ve developed the most advanced platform for corporates to manage their carbon removal assets.

Prepare for market dynamics.

As the world gears up for net zero, companies need high quality credits in line with upcoming regulation. Secure access to the credits you need, when you need them, and maintain professional credibility when demand is scarce.

Transparent data infrastructure for visible impact.

Klimate’s public ledger is singular in the industry. Since our inception, we’ve prioritised transparency to create a high quality and integrity market.  

Connecting the market for future needs.

Scaling the carbon removal industry requires strategic financing. Developing a gigaton market relies on getting the right support to the most important solutions, connecting dedicated buyers and climate-ambitious companies with projects making a real impact all over the world.

Want to learn more about our due diligence process?

If you'd like more details, we're happy to jump on a call. Just pop your details in the form and we'll be in touch.

Tim Nicol
Carbon Removal Specialist
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