Technical Advisory Support for Corporate Carbon Offset Portfolio
Client Daimler AG
Expertise
Climate action project development | Carbon trading & Climate strategy
Key facts
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Project LocationGermany
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Period2020-2023
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ContextMultinational company
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SectorClimate Strategy
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ServicesClimate action projects evaluation, Capacity Building
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Beneficiaries
Purpose
Daimler has committed to carbon neutral car production as from 2022 onwards to contribute its share to climate change mitigation. One important measure is increasing the share of electricity supplied from renewable energy sources. By investing in carefully selected carbon offset projects, Daimler wants to compensate for those GHG emissions under Scope 1 and 2 that cannot yet be avoided.
In this context, UPM has been asked to provide technical advisory support related to Daimler’s already ongoing carbon offset tender to enable Daimler to compile a quality carbon offset project portfolio according to Daimler’s needs and requirements.
Services provided
During the project, UPM has provided the following services so far:
- several capacity-building workshops on sourcing, evaluating and developing high-end carbon offset projects
- documentation, guidelines and tools for sourcing, evaluating and developing high-end carbon offset projects
- comprehensive statement and underlying documentation about the consideration of human rights under the CDM and the Gold Standard
- ad-hoc on demand advisory support on determined technical issues
Sustainable development goals MORE DETAILS
Climate Action
Take urgent action to combat climate change and its impacts by implementing policies and measures to reduce greenhouse gas emissions and enhance resilience to climate-related hazards.
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- March 30, 2024