Why is rating required?
OffsetGo conducts a comprehensive quality assessment of credits using a proprietary formula developed by leading industry experts. This formula evaluates the performance of credits across various parameters, including Additionality, Non-permanence, SDG impact, Host Country, project lifecycle, and waste generation and management. This holistic assessment enables organisations to make informed and cost-effective decisions in the carbon credit market, ensuring they invest in high-quality, impactful carbon credits.
Our unique approach utilizes a customized algorithm to evaluate carbon credits based on three key factors: the internal quality of the project creating the credits, their SDG impact, and the LCA of the entire project. This thorough internal and external assessment covers everything from the credits origin to their long-term impact, providing clients with a range of options tailored to their specific project needs. Using our tool, expert analysis of the defined parameters is conducted through a proprietary formula and established methodologies to assign a rating that reflects the overall environmental integrity and effectiveness of the credit.
It is then followed by a rigorous on site verification of emissions reduction projects, comprehensive documentation, and ongoing monitoring to ensure that claimed reductions are occurring. This includes reviewing the project's design, implementation, and the reliability of its monitoring and reporting systems, ensuring the carbon trading system effectively reduces emissions and the credits have genuine environmental benefits. This helps to maximize the effectiveness of carbon markets in reducing GHG emissions, supporting sustainable development goals, and fostering more responsible environmental stewardship.
Our Approach: Tool in action
