Proba Carbon Credits are tradable certificates each representing one tonne of carbon dioxide equivalent (CO₂e) that is removed or reduced as a result of a sustainability project. We offer the opportunity for reporting companies to claim these credits in their sustainability report, using them to lower the Scope 3 emissions associated with the purchased products. For most companies, Scope 3 emissions represent more than 75% of their total emissions, meaning that reducing them is fundamental to any Net Zero strategy.

The process involves several key steps:

• Companies achieve lower emissions than usual through sustainability projects.
• These reductions are verified by an independent third party.
• Verified reductions are then transformed into Proba Carbon Credits.
• Supply chain partners can purchase these credits to reduce their Scope 3 footprint.

Proba Carbon Credits are crucial as they signify quantifiable and verified emissions reductions within the supply chain. They facilitate direct investment into sustainability projects, allowing companies to credibly reduce their Scope 3 emissions and support  decarbonization initiatives.

To maintain the integrity and credibility of Proba Carbon Credits, Proba’s blockchain powered registry ensures that each credit is claimed only once, eliminating double counting. This rigorous tracking system guarantees that each unit of emission reduction is uniquely accounted for and prevents any possibility of double claiming.

Third-party verification, by accredited auditors, ensures that the emission reductions claimed through Proba Carbon Credits are real, measurable, and exceed baseline environmental performance. This validation process builds trust among all stakeholders using the Proba platform, ensuring the credits' authenticity and environmental impact.

Purchasing Proba Carbon Credits allows companies to directly invest in the decarbonization of their supply chain, reflecting a tangible commitment to sustainability. It enables them to meet their Scope 3 reduction targets more effectively, leveraging verified reductions achieved by their suppliers to enhance their own environmental credentials.

Absolutely. By facilitating the transaction of verified emissions reductions as Proba Carbon Credits, this incentivizes both suppliers and customers to engage in and scale further decarbonization efforts. Suppliers are motivated to implement sustainable practices, and customers can directly support these efforts, which helps to get us to a low-carbon economy quicker.

Proba Carbon Credits are designed to align with stringent global climate goals and the reporting standard of the GHG Protocol and SBTi. By ensuring that emissions reductions are real, verifiable, and impactful, Proba supports the global agenda to mitigate climate change, providing a credible and transparent tool for companies to contribute to a sustainable future.

Offset credits and inset credits (sometimes referred to as impact units) offer two distinct pathways for companies to address their environmental impact, especially concerning greenhouse gas emissions. 

Offset credits allow for the compensation of unavoidable emissions by supporting external projects that reduce CO₂ or other GHGs. This can involve funding renewable energy initiatives, reforestation projects, or other endeavors aimed at absorbing GHGs. Typically, one carbon offset credit is equivalent to the reduction of one metric tonne of CO₂ or its GHG equivalent. 

On the other hand, inset credits focus on investments made within a company’s own value chain to decrease emissions. This approach emphasizes enhancing the efficiency and sustainability of internal processes, supply chains, and operations. Specifically, it targets the reduction of Scope 3 emissions, which encompass indirect emissions, such as those from the production of purchased goods and services, the life-cycle of products, and operations of investments not directly owned or controlled by the company.

How much do carbon credits cost and how much do they sell for?

The market price of Carbon Credits varies based on the market demand, the specific project from which the credits are generated, and the volume of credits being purchased. Prices are influenced by the complexity, location and impact of the emission reduction projects. If the credits aren't sold directly to your supply chain partners, Proba can connect you with trusted market makers and brokers to ensure you get a fair price for them.

Who is going to buy the credits, and what do they actually mean to these offtakers?

Proba Carbon Credits are primarily purchased by businesses seeking to meet their sustainability targets, especially those related to Scope 3 emissions. These buyers are active in your supply chain. For these offtakers, purchasing Proba Carbon Credits means they are directly contributing to tangible, verified emission reductions within their supply chain. This not only helps them meet regulatory requirements and corporate sustainability goals but also positions them as leaders in the global shift towards sustainability.

Can you trust your carbon credits? What about the risks of double-claiming? Is Proba credible?

Trust and credibility are the foundations of Proba's platform. We ensure the integrity of our carbon credits through rigorous, independent third-party verification processes that confirm the real-world impact of emission reductions. To mitigate the risk of double-claiming, we employ a robust tracking and auditing system that meticulously records the issuance, transfer, and retirement of credits on a public blockchain. Proba's credibility is backed by adherence to international ISO standards and our commitment to transparency, including an independent advisory board, which governs our Standard. This ensures that stakeholders can confidently participate in our program.

Where do I start? What do I need? What needs to be done? Who is involved?

Step 1: Describe your carbon reduction initiatives
Provide details about your carbon reduction, removal, or avoidance initiatives, including their expected carbon impact. We'll assist in registering your project on our platform.

Step 2: Ensure transparency and credibility with Proba's verification process
Let’s make sure your product’s or project’s climate impact gets validated by accredited 3rd party verifiers. .

Step 3: Convert your climate impact into valuable carbon credits
Once verified, we convert the verified CO₂e reductions or removals into distinct entitlements on a blockchain ledger, turning your efforts into a valuable asset, opening a new revenue stream and decarbonizing your supply chain.

Step 4: Monetize your carbon credits
The sale and transfer of your carbon credits helps reduce the buyer's footprint. Each carbon credit’s uniqueness ensures exclusive recognition of your efforts and helps to co-finance your more sustainable product or practice.