For an entity to be climate positive, it must follow
Three Basic Steps:
Measure
Measure all three emissions scopes of the organisation or calculate the GHG emissions of the whole value chain of the product, from cradle to grave. This is to understand where all emissions are coming from and indicate where strategic changes can be made to reduce emissions.
2. Reduce
Create, Implement, and work towards reduction goals that are at the required speed to achieve the 1.5°C Paris Agreement Goal. Goals should be long term (10-15 years) with multiple short-term goals (maximum 3 years) nested in that time to work towards and give clarity about how long term goals will be achieved.
3. Offset
Finance carbon credits to the value of at least 110% of the entity’s overall climate footprint. These credits must come from a third party verified source and be able to robustly demonstrate additionality and permanence.