Leading sustainability solutions and climate action project developer South Pole is the latest Signatory to the Australian Carbon Industry Code of Conduct, demonstrating its support for a well-functioning national carbon industry mobilising emissions reductions at the scale needed to achieve Australia's targets under the Paris Climate Agreement.
The move puts the experience and expertise of one of the world's largest carbon project developers and original global carbon market players behind the Code, signalling South Pole's commitment to supporting the local carbon market in Australia.
Tom Schroder, Head of Climate Action at South Pole, said his company was proud to be the Code's newest Signatory.
"With this commitment, we look forward to continuing our work in the local carbon markets and helping Australia unlock its emissions reduction potential and work toward limiting global emissions to meet its obligations under the Paris Agreement — as well as building resilient economies, ecosystems and communities in Australia," he said.
John Connor, CEO of CMI said that his organisation welcomed South Pole's support for the enhancement and protection of Australia's carbon industry as the 15th Signatory to the world's first Carbon Industry Code of Conduct.
"Australia's carbon industry is delivering millions of dollars of investment and a range of employment, social and environmental benefits to regional Australia. South Pole Australia has joined a collection of industry leaders committing to best practice, consumer protection, and promoting the utmost integrity, transparency and accountability of Australia's carbon industry through the Code," he added.
Established by the Carbon Market Institute (CMI) in July 2018, the Australian Carbon Industry Code of Conduct promotes best practice within Australia's carbon reduction and sequestration industry, and provides guidance for project developers and advisers undertaking carbon projects under the Australian Government's Emissions Reduction Fund (ERF) and other voluntary offset schemes.
The Code is voluntary, and aims to promote market integrity, consumer protection and appropriate interaction with carbon farming project stakeholders, including Native Title Holders, representative bodies, land managers and project owners.
South Pole and other Signatories demonstrate their commitment to developing and operating in an industry built on trust, transparency, accountability and environmental integrity.
Globally, South Pole is a member of International Emissions Trading Association (IETA), which is the world's non-profit business organisation that establishes a functional international framework for trading greenhouse gas emission reductions, and is also part of the International Carbon Reduction and Offset Alliance (ICROA).