The side event, which was presented to a well attended audience on Friday 30 November, saw Stefan Salvador from FSC and Adrian Rimmer from The Gold Standard, outline how they are working together to combine knowledge and streamline certification procedures to scale-up sustainable resource management and low carbon development.
Bruce Carbale, from the parent organization for both standards, WWF, strengthened this initiative by publicly supporting and endorsing such an approach. Moreover, the side event was an opportune moment to announce the new collaboration between Fairtrade International and The Gold Standard, marking a further cooperation between the leading standards in their respective fields.
The Gold Standard provides the robust approach to carbon accounting and verified sustainable development. Incorporating elements of FSC’s safeguarding and resource management requirements and/or Fairtrade’s principles into their rules and procedures, will enable FSC certified forests or Fairtrade smallholder farmers to gain access to and benefit from carbon finance. The new rules and requirements are due to be released by mid 2013, with the first credits expected by the end of 2013.
This growing collaboration between ‘best-in-class’ standards represents what the market wants – streamlined and simplified processes and reduced transaction costs. It will help scale up and fast-track sustainable resource management and low carbon development and provides a one-stop shop for responsible corporates and project developers who want to make fair, transparent and credible environmental and social investments.BACK TO OVERVIEW