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Galia Orme

Head of Projects & Legal, One Tribe

The Science Based Targets initiative (SBTi) has recently introduced a draft update to its Corporate Net-Zero Standard (CNZS v2.0), aiming to enhance corporate climate accountability. While the existing standard (Version 1.2) encourages companies to engage in beyond value chain mitigation (BVCM) as a supplementary action, the updated draft proposes a more structured approach. It seeks to recognise organisations that not only pursue science-based emission reduction targets within their operations and supply chains but also take responsibility for addressing residual emissions that contribute to climate change.

Understanding Beyond Value Chain Mitigation

A credible BVCM strategy involves supporting or investing in initiatives beyond a company’s direct emissions footprint (Scope 1, 2, and 3). These initiatives should focus on avoiding, reducing, or removing greenhouse gas emissions while maintaining high integrity and measurable impact.

What Does BVCM Entail?

Definition: BVCM refers to actions taken outside a company’s direct operations to mitigate greenhouse gas emissions, either by preventing new emissions or by removing and storing existing emissions from the atmosphere.

Purpose: BVCM serves as a complementary strategy to corporate decarbonisation efforts, helping to accelerate global net-zero progress by addressing emissions beyond an organisation’s immediate control.

Not a Substitute: BVCM should not be viewed as a replacement for reducing emissions within a company’s own value chain. Instead, it is an additional commitment that goes beyond standard reduction measures.

Examples of BVCM Initiatives
  • Purchasing and retiring high-quality carbon credits: Supporting projects such as renewable energy development or reforestation that contribute to emissions reduction or removal.
  • Investing in carbon removal technologies: Funding innovative solutions like direct air capture (DAC) and carbon capture and storage (CCS).
  • Supporting climate technology R&D: Contributing to research that drives advancements in emissions reduction and removal techniques.
  • Enhancing carbon sinks: Protecting and restoring ecosystems such as forests and wetlands that naturally store carbon.
  • Reducing methane emissions: Funding projects aimed at cutting methane emissions, a powerful contributor to global warming.

Ensuring Credibility in BVCM Investments

For BVCM efforts to be effective and credible, they must adhere to several key principles:

  • High Standards: Investments should meet stringent criteria for environmental integrity and effectiveness.
  • Additionality: Projects must demonstrate that they would not have occurred without the financial support provided through BVCM.
  • Permanence: Carbon removal efforts should ensure that stored emissions remain permanently sequestered.
  • Verifiability: Robust verification mechanisms should be in place to track emissions reductions or removals.
  • Transparency: Companies should openly disclose their BVCM initiatives, including investment rationale and expected impact.
  • Measurable Impact: Projects should be chosen based on their potential to deliver tangible and significant climate benefits.
  • Diversification: Spreading investments across different project types and regions can enhance impact and reduce risk.
  • Long-Term Commitment: BVCM should be integrated into a company’s long-term sustainability strategy rather than treated as a short-term fix.
  • Alignment with Science-Based Targets: BVCM efforts should complement a company’s science-based targets and broader net-zero goals.
  • Prioritisation of Internal Reductions: Companies should first focus on reducing emissions within their own operations before turning to external mitigation strategies.

Why It Matters

As the climate crisis accelerates, so does the need for businesses to act—beyond compliance and beyond their supply chains.

The CNZS v2.0 draft makes it clear: credible BVCM is not just encouraged—it’s expected from climate-responsible businesses.

At One Tribe, we help organisations source certified carbon credits with integrity—across carbon removal, renewable energy, and nature-based solutions. As an ICROA Approved organisation, we meet the highest industry standards, with annual independent audits verifying adherence to the ICROA Code of Best Practice.

Whether you’re just getting started or expanding your climate strategy, we’re here to support your journey.

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Eric currently works as an independent consultant at the intersection of nature and climate, focused on catalysing market and non-market solutions to drive the just transition.

He previously was Head of Product at Earthshot Labs, supporting nature conservation and restoration projects across the global south secure project finance. Prior to Earthshot Labs, Eric led nature-based carbon project development for Gorongosa National Park in Mozambique and founded the Carbon Cooperative, a global alliance of leading nature conservation and restoration practitioners exploring carbon finance. After serving in the Peace Corps in Mozambique out of university, he spent much of his 20s working in community-based conservation and ecosystem restoration efforts in Sub-Saharan Africa interspersed with two startup ventures as co-founder and CEO of a mental health tech startup and COO of a sustainable coffee company. Eric has a dual Masters in Environmental Engineering and Environmental Policy from Stanford University where he was a NSF Graduate Research Fellow and a BS in Environmental Engineering from Tufts University.

Alan is a risk management thought-leader, superconnector, and FinTech pioneer. His mission is to enable an Earth Positive economy which includes nature in global accounting systems.

Alan is Founder of Generation Blue, a venture studio dedicated to planetary game changers powered by exponential technologies. Previously, Alan established Natural Capital Markets at Lykke AG, pioneering blockchain based forestry and carbon backed tokens. Alan has over two decades of risk management experience advising global financial institutions, and was a founding member of the RiskMetrics Group, a JPMorgan spin-off. Alan is an investor and advisor to regenerative impact ventures, including TreeBuddy.Earth, Regenativ, and Vlinder Climate.

Lori Whitecalf made history when she became the first woman to be elected Chief of Sweetgrass First Nation in 2011. She served three terms of office from 2011-2017.  

Lori took a two-year hiatus from leadership to expand the family ranch and serve as the FSIN Senior Industry Liaison. She was re-elected on November 29. 2019 and again on November 30, 2021, as Chief of Sweetgrass. Chief Whitecalf practises a traditional lifestyle of hunting, fishing and gathering. She currently sits on the following boards: Saskatchewan Indian Institute of Technology, FSIN Lands and Resource Commission, Battle River Treaty 6 Health Centre and Battleford Agency Tribal Chiefs Executive Council, FSIN Women’s Commission.

Tina is the Chief Business Officer for MLTC Industrial Investments, the Economic Development arm of the Meadow Lake Tribal Council. She has a diverse background of experience. Having spent 15 years as a municipal Chief Operating Officer, 20 years involved in Saskatchewan’s Health Authority Board Keewatin Yatthe and 9 years with Northern Lights Board of Education. 

 

She continues as a Board Member with Beaver River Community Futures supporting small business development in her home region. Tina brings a wealth of experience in a variety of fields and many connections to the Indigenous communities of Northern Saskatchewan. In addition Tina holds a BA Advanced from the U of S, a Certificate in Local Government Authority from the U of R and is certified as a Professional Economic Developer for Saskatchewan and a certified Technician Aboriginal Economic Developer (TAED).

Tootoosis’ career spans 40+ years in HRM, political leadership, and Indigenous economic development, as a dedicated bridge builder and advocate for Indigenous causes.
As a key member of the Saskatoon Regional Economic Development Authority (SREDA) team since 2021, he develops strategies for the Truth and Reconciliation Commission final report and Call to Action #92.

He is a graduate of the First Nations University of Canada and a certified Professional Aboriginal Economic Developer. Spearheading various community initiatives while serving as a Chair of the SIEDN while directing ILDII and WIBF. Founder of MGT Consulting Tootoosis is based in Saskatoon, Treaty Six Territory.

Cy Standing (Wakanya Najin in Dakota) has a long and distinguished career including serving overseas as an Electronics Technician in the Royal Canadian Air Force, former Chief of Wahpeton Dakota Nation, former Vice Chief of the Federation of Saskatchewan Indigenous Nations (FSIN), past Executive Director of Community Development Branch of the Department of Northern Saskatchewan as well as an Order in Council appointment to the Federal Parole Board.  

Mr. Standing has served as a Director on many Profit and Non-Profit Corporate Boards, including serving as a Director for Affinity Credit Union with assets of over six billion dollars as well as IMI Brokerage and Wanuskewin and is currently a member of the One Tribe Indigenous Carbon Board.