First Companies Commit to Purchasing Verified Agricultural Carbon Credits through Indigo Carbon
Indigo Agriculture, a company dedicated to harnessing nature to help farmers sustainably feed the planet, has announced the first commitments from large global brands to purchase verified agricultural carbon credits through Indigo Carbon.
The commitments from companies including Boston Consulting Group, Shopify, Barclays, JPMorgan Chase, Givewith, IBM, Dogfish Head Craft Brewery, and New Belgium Brewing represent a major milestone in the global effort to leverage agriculture as a climate solution by creating financial incentives for “farming carbon.”
The organizations have committed to a credit purchase price of $20/tonne of carbon dioxide equivalents sequestered and abated in the 2020 growing season, providing a substantial financial incentive and, in the case of Givewith, a new funding engine, to accelerate the adoption of cultivation methods proven to reduce on-farm emissions, remove carbon dioxide from the atmosphere, and replenish a critical natural carbon sink: soil.
To generate agricultural carbon credits of the highest caliber, Indigo will utilize and support novel methodologies for measuring and verifying the net on-farm GHG emissions impact of management practice changes. Developed through a rigorous, transparent process by the Climate Action Reserve, a nonprofit organization that manages leading GHG offset project registries, the Soil Enrichment Protocol is the first to allow for comprehensive and scalable long-term monitoring of on-farm emissions, abatement, and carbon removal.
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Through the deployment of the Reserve’s protocol, Indigo Carbon enables companies to turn to agriculture as a nature-based, verified means of achieving their climate goals.
“Farmers’ work affects all of us. Alongside our partners, Indigo is proud to facilitate market demand and investment in farmers for the unique and important role they play in creating an agriculture system that is more beneficial for people and the planet,” said Indigo CEO Ron Hovsepian. “Indigo is committed to ensuring that farmers are equipped with the tools and solutions they need to improve the economic and environmental resiliency of their operations. This comes through building demand for verified agricultural carbon credits, which present a new revenue stream for farmers, as well as providing innovative digital and microbial technologies to grow more sustainable food and fiber.”
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