The partners behind an inset project
An inset project needs more than a supplier and its funders. Independent validators and verifiers, measurement providers, advisors, industry bodies and lenders all play a part. The mix changes with the industry and the method.
The categories of partners Carbon3 works with
Each entry shows what a partner does, how it works with Carbon3, what it gets, and where it fits in a project. Carbon3 itself never validates or verifies.
Validation and verification bodies
Independent, accredited firms. The validator checks the scope, baseline and method before work starts. The verifier confirms the tonnes reduced afterwards.
- With Carbon3
- Their reports are attached to the project record on Carbon3. Each credit links back to them.
- What it gets
- Their work stays visible to every later holder and auditor. Carbon3 does not validate or verify, so it never competes with them.
- Steps
- 02 Validation report04 Verification report
MRV providers
Measurement, reporting and verification (MRV) providers collect and check the monitoring data. That can be fuel records, meter readings, production data or farm records.
- With Carbon3
- Their data feeds the verification report behind each credit.
- What it gets
- A defined role in projects where several funders rely on the same measurements.
- Steps
- 03 Implementation04 Verification report
ESG advisors and consultants
Advisors help companies find reductions in their supply chain. They scope projects and fit the credits into Scope 3 reporting and targets.
- With Carbon3
- Advisors bring a client’s supplier project to the platform and use the registry record when the client reports.
- What it gets
- A way to turn supplier engagement into a funded project, with an audit trail for the report.
- Steps
- 01 Scoping07 Sale or retirement
Industry bodies and buyer alliances
Associations and alliances bring together the companies in a sector that rely on the same suppliers.
- With Carbon3
- They convene the co-funders for a shared project and agree a common method.
- What it gets
- Members can act together on shared suppliers. Each member’s share is on record.
- Steps
- 01 Scoping06 Allocation
Registries and standards bodies
They set the rules for methods, and for tracking and recognizing claims. That includes book-and-claim schemes.
- With Carbon3
- Carbon3 builds to their rules and works alongside them. It does not replace them.
- What it gets
- Projects that follow their methods, with a clean record of who holds and who claimed each tonne.
- Steps
- 01 Scoping07 Sale or retirement
Banks, funds and lenders
Financial institutions fund projects up front, inside real supply chains.
- With Carbon3
- They take a funder’s share at scoping, or buy future credits once the project is validated. They can hold, sell or retire the credits on the platform.
- What it gets
- A transferable claim on verified emissions reductions, with every movement on record.
- Steps
- 01 Scoping03 Implementation06 Allocation07 Sale or retirement
Data and technology providers
They supply data feeds, MRV tools and software that keep measurements consistent across systems.
- With Carbon3
- They connect the source data to the project record, so each credit traces back to it.
- What it gets
- A defined place for their data in projects that several funders rely on.
- Steps
- 03 Implementation04 Verification report
Where each partner fits in a project
The seven steps of an inset project, and which partners usually take part in each. The mix changes with the industry and the method.
| Partner | 1ScopingProject scope | 2Validation reportValidation report | 3ImplementationMonitoring data | 4Verification reportVerification report | 5IssuanceIssuance record | 6AllocationAllocation record | 7Sale or retirementRetirement certificate |
|---|---|---|---|---|---|---|---|
| Validation and verification bodies | Not usually in Scoping | Takes part in Validation report | Not usually in Implementation | Takes part in Verification report | Not usually in Issuance | Not usually in Allocation | Not usually in Sale or retirement |
| MRV providers | Not usually in Scoping | Not usually in Validation report | Takes part in Implementation | Takes part in Verification report | Not usually in Issuance | Not usually in Allocation | Not usually in Sale or retirement |
| ESG advisors and consultants | Takes part in Scoping | Not usually in Validation report | Not usually in Implementation | Not usually in Verification report | Not usually in Issuance | Not usually in Allocation | Takes part in Sale or retirement |
| Industry bodies and buyer alliances | Takes part in Scoping | Not usually in Validation report | Not usually in Implementation | Not usually in Verification report | Not usually in Issuance | Takes part in Allocation | Not usually in Sale or retirement |
| Registries and standards bodies | Takes part in Scoping | Not usually in Validation report | Not usually in Implementation | Not usually in Verification report | Not usually in Issuance | Not usually in Allocation | Takes part in Sale or retirement |
| Banks, funds and lenders | Takes part in Scoping | Not usually in Validation report | Takes part in Implementation | Not usually in Verification report | Not usually in Issuance | Takes part in Allocation | Takes part in Sale or retirement |
| Data and technology providers | Not usually in Scoping | Not usually in Validation report | Takes part in Implementation | Takes part in Verification report | Not usually in Issuance | Not usually in Allocation | Not usually in Sale or retirement |
| Carbon3 registry | Not usually in Scoping | Not usually in Validation report | Not usually in Implementation | Not usually in Verification report | Takes part in Issuance | Takes part in Allocation | Takes part in Sale or retirement |
- 1 Scoping
- 2 Validation report
- 3 Implementation
- 4 Verification report
- 5 Issuance
- 6 Allocation
- 7 Sale or retirement
Work with Carbon3 on a project
Validators, verifiers, MRV providers, advisors, industry bodies and lenders can tell us which projects or sectors they work in.