The Taskforce on Scaling Voluntary Carbon Markets is a private sector-led initiative working to scale an effective and efficient voluntary carbon market to help meet the goals of the Paris Agreement. 

The Taskforce was initiated by Mark Carney, UN Special Envoy for Climate Action and Finance; is chaired by Bill Winters, Group Chief Executive, Standard Chartered; and is sponsored by the Institute of International Finance (IIF) under the leadership of IIF President and CEO, Tim Adams. Annette Nazareth, senior counsel at Davis Polk and former Commissioner of the US Securities and Exchange Commission, serves as the Operating Lead for the Taskforce. McKinsey & Company provides knowledge and advisory support. 

The TSVCM’s over 250 member institutions, represent buyers and sellers of carbon credits, standard setters, the financial sector, market infrastructure providers, civil society, international organizations and academics. An advisory board of 20 environmental NGOs, investor alliances, academics and international organizations provide guidance on TSVCM recommendations. 
 
The Taskforce’s unique value proposition has been to bring all parts of the value chain to work intensively together and to provide recommended actions for the most pressing pain-points facing voluntary carbon markets.  

The Taskforce has published the final report of the Development and Implementation Phase (Phase 2) on July 8. The report is composed of three main documents. For a brief overview there is also a summary document available.

Interested parties can submit an official expression of interest to take on a role in the new governance body by filling in a Microsoft Word form (please download below) and submitting it to TSVCM at tsvcm@iif.com by August 9. There are six different types of roles that are outlined in the Final Report above. Detailed descriptions of the roles, their tasks and preferred qualifications can be found in the terms of reference (ToR) for the governance body. For submitting joint expressions of interest, please refer to the “Joint expressions of interest cover sheet” below. We would be delighted to receive your expression of interest.

1. Signatories of the endorsement letter

Many leaders of organizations are endorsing the Taskforce and the work that has been published by signing the endorsement letter. We welcome further signatories – please do not hesitate to get in touch.

50+ signatories already support us

2. Support TSVCM

Many leaders of organizations are supporting the Taskforce and the work that has been published. We welcome further supporters – please do not hesitate to get in touch.

10+ supporters

Six eminent leaders published a statement on high ambition path to Net-Zero. You can publicly endorse the statement below:

• Lord Nicholas Stern (Chair of the Grantham Research Institute on Climate Change, LSE)
• Günther Thallinger (Chair, UN-convened Net Zero Asset Owner Alliance)
• Mark Carney (UN Special Envoy for Climate Action and Finance)
• Bill Winters (Group CEO, Standard Chartered)
• Annette Nazareth (Senior Counsel at Davis Polk and former Commissioner of the U.S. SEC)
• Tim Adams (President and CEO, Institute of International Finance)