In this article, we continue our LuxCS in Focus series, in which we aim to present our company and our services of carbon credit certification in the voluntary market. This time, we will address our ESG (Environmental, Social and Governance) policy, which guides our decisions and actions to promote sustainable development and meet the expectations of our stakeholders. We will also explain what are the criteria and limits that we follow to ensure the quality and integrity of the projects that we certify, avoiding any conflict of interest or risk of fraud. Follow us and learn more about LuxCS, a company committed to the future of the planet and the people.
LuxCS is a company specialized in carbon credit certification in the voluntary market, providing transparency, integrity, security to stakeholders and avoiding conflicts of interest, to ensure the quality and liquidity of the financial asset - carbon credit.
It offers its own guidelines to certify the reduction of greenhouse gas emissions, covering validation, verification and certification. Its projects are audited by third parties to ensure integrity and transparency, contributing to a sustainable future.
For that, it follows the international codes of good practices and uses as its backbone a certification standard that foresees and regulates its procedures. The Triple C Protocol® was built by a team of technicians, reviewed by specialists, masters and doctors, and submitted to public consultation.
The Triple C Protocol®:
Endorses and develops methodologies applicable to national realities, allowing the certification of credits in all Brazilian biomes and working with all types of productive activities that involve soil management.
Can be applied to properties from 5 hectares, contiguous or not, consortiated or not, allowing the inclusion of small landowners in the voluntary market, through individual or cooperative projects.
Performs active supervision of the entire certification process and the traceability of the financial asset - carbon credit.
Includes a decarbonization program called UnCarbonize. This is a certification program for greenhouse gas emission inventories aimed at companies and institutions. It grants certificates of partial or total emission reduction or the decarbonization of entire production chains.
Also within the UnCarbonize Program, we certify renewable energy sources, such as solar panels, among others.
What LuxCS DOES as a certifier
In compliance with the ESG rules, LuxCS follows the best practices to contribute to the Zero Emissions policies and ensure the interests of the stakeholders, ensuring the lowest environmental and social impact in the areas of its projects and protecting the local communities. To do so:
It uses extra care in the case of projects in areas of indigenous people, quilombolas and riverine communities.
It adopts several safeguards to improve areas under projects.
It has environmental and social improvement indicators included in methodologies.
It has reversal risk modeling foreseen in methodologies.
It has projects developed by qualified and independent professionals.
It has projects validated and verified by independent third party audits.
It maintains registration and traceability of the credit's life cycle (birth to retirement).
It uses blockchain technology - in a private network (hyperleadger).
It has a governance framework that ensures a certification program with transparency, independence and a high level of accountability.
It structures projects in such a way that the stakeholders understand the extent of their responsibilities and commitments clearly, objectively and accurately.
What LuxCS DOES NOT DO as a certifier
Since the beginning of its conception, with the intention of establishing its reliability in the voluntary market and ensuring the execution of projects guided by high integrity and transparency, LuxCS defined strict governance rules, which among other provisions, stipulates that LUXCS:
Does not establish commercial partnerships to develop or leverage businesses;
Does not have a sales force;
Does not provide consulting services to carbon projects (e.g. land regularization);
Does not develop projects for carbon credit generation, (this is the work of the project developer, who is an independent professional, accredited to apply the Triple C Protocol);
Does not audit carbon credit projects (audits are performed by independent auditors);
Does not trade, intermediate or speculate with carbon credits;
Does not receive fees or payments for certification and registration in credits. It only receives payments in currency.
We hope that this text has helped to clarify some doubts about the functioning of the voluntary carbon market and to better understand the role of LuxCS as an independent, transparent and reliable entity that promotes the quality, integrity and credibility of emission reduction projects. LuxCS is available to provide more information and support to those interested in contributing to the mitigation of climate change and sustainable development through the voluntary carbon market.
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