Verified Carbon Standard

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Verified Carbon Standard
Formation 2005
Type Nonprofit 501(c)3
Purpose The Verified Carbon Standard has become one of the world’s most widely used carbon accounting standards. VCS has revolutionized the market developing trusted and innovative tools, as well as pioneering efforts to develop standardized methods that will streamline the project approval process, reduce transaction costs and enhance transparency.
Headquarters Washington, D.C.
CEO David Antonioli [1]
Website http://www.v-c-s.org/

The Verified Carbon Standard [2] (VCS) is the world’s leading voluntary greenhouse gas program. The organization was founded by a collection of business and environmental leaders who saw a need for greater quality assurance in voluntary carbon markets.

In 2005, The Climate Group, International Emissions Trading Association [3] (IETA) and The World Economic Forum - convened a team of global carbon market experts to draft the first VCS requirements. The World Business Council for Sustainable Development (WBCSD) joined the effort soon after. These experts soon formed the VCS Steering Committee, which worked diligently to draft the first and subsequent versions of the VCS Standard. Many of the members of the original steering committee went on to be on the original Board of Directors,[4] which now has evolved into a body of 12 members that offers input and guidance to the organization.

By 2008, with the VCS Standard becoming more widely adopted, the Board of Directors named David Antonioli [5] the organization’s first Chief Executive Officer. Soon after in 2009, VCS incorporated in Washington D.C as a non-profit NGO. Today, a growing professional staff with offices around the world manages the ongoing operations and development of the VCS Standard and Program.

This growing staff provides VCS with an unmatched ability to innovate and expand the international carbon market that relies on expert committees to ensure existing and new requirements reflect state-of-the art knowledge and global best practice. New committees of global experts are assembled on a regular basis to guide the development of fresh requirements.

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