ESG Today writes: "Standard Chartered Signs Deal to Sell Carbon Credits to Protect Rainforests"

https://www.esgtoday.com/standard-chartered-signs-deal-to-sell-carbon-credits-to-protect-rainforests/

ESG Today writes: "Standard Chartered Signs Deal to Sell Carbon Credits to Protect Rainforests".

In summary: Standard Chartered has signed a five-year agreement with the Brazilian state of Acre to act as the exclusive seller of jurisdictional forest carbon credits, designed to prevent deforestation in the Amazon. Unlike project-based credits, these cover entire regions, aiming to bring scale and consistency to conservation finance. The initiative expects to generate up to five million credits by 2026, potentially unlocking around $150 million. Acre has committed that 72% of net proceeds will go directly to indigenous and local communities, funding sustainable livestock practices, reforestation, non-destructive land use, and community tourism. The remaining 28% will support project management, monitoring, and emergency response capacity. The credits will be issued under the ART (Architecture for REDD+ Transactions) registry using the verified TREES methodology, ensuring transparency and integrity. This deal represents a pioneering collaboration between an international bank and a sub-national government to scale up conservation-based carbon finance.