Yes, ART has been approved or endorsed by a number of organizations and initiatives including the International Civil Aviation Organization (ICAO), the LEAF Coalition, the International Carbon Reduction & Offset Alliance (ICROA) and Singapore’s National Environment Agency (NEA).
ICAO
In 2020, ART was approved by the International Civil Aviation Organization (ICAO) to supply TREES Credits to airlines for their compliance under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). In 2021, ART’s approval by ICAO was expanded to include TREES Credits issued after 2020. In 2023, ART-issued TREES Credits were deemed eligible for use in both the CORSIA pilot and first implementation phase. ART is one of nine programs deemed eligible to supply credits to the CORSIA pilot phase, and one of only two programs deemed eligible to supply credits to the first implementation phase. The ICAO Council decision signals an exciting milestone for protecting the world’s remaining forests.
LEAF Coalition
ART is endorsed by the LEAF (Lowering Emissions by Accelerating Forest finance) Coalition as the sole REDD+ Standard to ensure the integrity of results in the buyer club’s $1.5 billion Call for Proposals for jurisdictional REDD+ results. At COP26, the LEAF Coalition announced that 23 jurisdictions had submitted eligible proposals to deliver TREES Credits. The jurisdictions collectively have the potential to protect up to half a billion hectares of forest, greater than the area of the European Union, and their estimated emission reductions amount to several times LEAF’s initial goal of 100 million tons. The buyers represented by the LEAF Coalition include the governments of the U.S., the U.K and Norway and corporations including Amazon, among many others.
ICROA
ART is approved as an endorsed independent standard under the International Carbon Reduction & Offset Alliance, ICROA. ICROA member firms, which currently provide carbon offset and management services to thousands of businesses and hundreds of thousands of individuals, must only use offsets verified under the most widely respected standards as approved by ICROA. ICROA member companies follow a code of best practice that provides confidence that resulting offsets are real, verified, permanent, additional and unique and that sets guidelines for how such offsets are sold.
Government of Singapore
The National Environment Agency (NEA) of the Government of Singapore approved ART’s TREES Credits as eligible to be used in a domestic compliance market. ART has signed an MOU with Singapore’s National Environmental Agency (NEA) as a provider of eligible carbon credits that domestic companies can purchase to offset part of their annual taxable emissions. The NEA determines which International Carbon Credits adhere to its quality framework and selected ART as a program with robust credits.