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This document sets out the charter for Phase 2 of the Taskforce on Scaling Voluntary Carbon Markets (hereafter “Taskforce”), chaired by Bill Winters, CEO of Standard Chartered and sponsored by the Institute of International Finance (IIF), under the leadership of IIF President and CEO, Tim Adams with Annette Nazareth, Partner at Davis Polk & Wardwell, as Operating Lead. This document describes: i) The Taskforce’s Mandate and Objectives, ii) Key Principles of the Taskforce, iii) Activities, iv) Taskforce Constituent Groups, v) Taskforce Operations, vi) Taskforce and Consultation Group Member Responsibilities and Commitment vii) Working Group Member Responsibilities, viii) Working Group Chair Responsibilities, ix) Advisory Board Member Responsibilities, x) Operating Team Responsibilities, and xi) Meeting Procedures and Governance.

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