There is no catalogue, because a price that never moves is not an efficient price. You agree a specification, we quote against the market on the day, and that number covers everything from assessment to evidence pack. Nothing is added afterwards.
This is the whole commercial model, and everything else on this page follows from it.
A credit first. A named project, in a named country, of a named vintage, at a listed price. You are then left to work out whether it supports the claim you actually intend to make — and the seller has already taken the position, so the answer had better be yes.
Before we buy anything, you set the claim category the credits must support and the Portfolio 360° Impact Band the finished portfolio must reach. Both are defined in a published specification and agreed in a contract. Only then do we source.
We are continuously active in the market. Projects are screened on an ongoing basis rather than in response to enquiries, spot prices are monitored in real time, and we hold direct purchasing relationships with developers and other participants. So when you ask for a price, we are quoting from a live position rather than reading from a list.
We quote the lowest price that actually meets your specification. Not the cheapest credit in the market — a cheaper credit that fails your claim is worth nothing to you.
A quote depends on six things, and no two engagements set them the same way. Publishing a single number would mean publishing one that is wrong for almost everybody.
Your claim requirements
Which category the credits must support, and how narrow the qualifying pool is as a result.
Your Impact Band
A higher band means a greater share of tonnes sourced from higher-scoring projects, which cost more.
Volume
What can be composed across a thousand tonnes is different from what can be composed across a hundred thousand.
Current project availability
Which qualifying cohorts are actually open, in what quantity, on the day you ask.
Market prices and exchange rates
Most credits trade in dollars or euros. You are quoted and invoiced in sterling.
The evidence and adjustment work required
A current-cohort project with complete documentation may need relatively little assessment. A better-value legacy project on a superseded methodology may need considerably more.
A fixed list price does not move, because the position was taken before you arrived. It carries the catalogue seller’s risk and holding cost, and it cannot reflect current market rates. That is not a cheaper way to buy; it is an older one.
Most clients are in the market at similar points in the year, against regulatory deadlines, disclosure or annual reporting. Where that lines up we purchase for several clients at once and the pricing advantage goes to all of them. Cancellation is always performed separately, naming you as beneficiary. Nothing is ever retired into a pool and allocated afterwards.
There are no separate advisory fees, no assessment fee, no administration charge and no success fee. One all-inclusive price, agreed before you commit, so you can compare our offer against any other on the same basis.
Sourced against your specification at current market rates.
Ten gates, twenty criteria, every verdict recorded against its evidence.
Composing qualifying projects to your band at the lowest available cost.
Additional credits retired where a quantification shortfall requires them.
Cancelled individually, with you named as beneficiary.
The complete, assurance-ready record of the decision.
A fair question, and it gets asked sooner or later. We do not disclose sourcing cost on individual engagements, because there is no fixed markup behind the price. We are not a retailer running a cost-plus model.
The work involved in delivering a tonne varies substantially, and the cost of the credit is one component among several. What matters to you is what you are buying and whether it arrives as promised. You contract for a named claim category and a named Impact Band, both defined in a published specification, at a price fixed before you commit.
A set of risks moves from you to us at the point you accept. That is what the margin is for, and it is the reason a single all-in price is worth more to you than a lower headline with variables attached.
We warrant the assessment
Every credit is assessed against the published criteria for its role, every carbon-carrying credit must meet the contracted claim category, and the delivered portfolio must meet the contracted band at the date of assessment. A wrong assessment is our exposure, and we produce the document sitting behind your public claim.
We absorb the conservatism adjustment
Where the evidence shows a credit now represents less climate benefit than was originally calculated, we retire more of them to compensate. The additional volume is ours to buy. You pay for one tonne and you claim one tonne.
We carry the fraud and title exposure
Checked before retirement, not after.
We carry ordinary currency and price movement
Within the band set out below. Credits price largely in dollars and euros; you are quoted and invoiced in sterling.
Overachievement is yours
Where the portfolio we compose lands above the band you contracted, you receive it at the agreed price. We do not reprice upwards on our own good sourcing.
A credit is issued against assumptions fixed when the project was registered. Some of those assumptions decay, and the methodology does not always follow them down. Electricity is the clearest case: a project credited on the basis that the local grid produced a given quantity of CO₂e per megawatt hour delivers less than its methodology assumes once that grid gets cleaner. The activity has not changed. The counterfactual has.
| Grid emission factor | tCO₂e per MWh |
|---|---|
| Assumed by the methodology at registration | 0.72 |
| Evidenced for the same grid now | 0.58 |
| Credits retired per tonne you claim 0.72 ÷ 0.58 | 1.24 |
The additional volume is bought and retired inside our sourcing process and inside the price you agreed. This is also what the SBTi standard asks for: baselines are to be reassessed periodically against the most recent methodologies, so that ambition rises over time. The adjustment is how we apply that to a credit we did not issue.
Adjustment has a limit. Where correcting the quantification would require more than twice the original volume, the project is excluded from carrying a carbon claim rather than adjusted.
And most defects cannot be cured this way at all. Where a project was never additional, where a tonne has been counted twice, or where people or their environment have been harmed, no multiplier exists and retiring more compensates for nothing. Those projects are excluded.
A seller holding stock has to sell what it holds, and that distorts the recommendation in both directions. Only one of them is an integrity problem. Both cost you money.
The inventory on hand exceeds what your claim requires: a premium removal where a well-screened reduction would do, or an impact profile far beyond your band. It passes the screen, so nothing looks wrong. You have simply paid a higher price for quality you did not need and could not use.
The inventory sits below what your claim requires — an older vintage, say — and is presented as sufficient. Everything looks fine until a stakeholder runs due diligence, and you are holding credits you cannot use for the claim you wanted to make.
We have no stock to clear and no commercial incentive to steer you towards it. We source against your requirements, quote on current market data, and buy, retire and evidence as efficiently as we can.
Time passes between a quote and a purchase order, and more time passes before retirement. In that window exchange rates move, cohort prices move and specific credits sell out. Any seller who tells you otherwise is either carrying inventory or has built a large buffer into the price. So the mechanism is set out here rather than buried in terms of business.
If quality gives way under commercial pressure, we have failed. The pressure valve has to be price or refund.
The quote is bound to your specification, not to a project
If a specific project sells out, that is ours to solve. We source alternatives meeting the same claim category, composed so the portfolio still reaches your band. A replacement need not match the score of the one it replaces; it must leave the weighted average at or above what you contracted. Every substitute qualifies for your claim category on its own, exactly as the original did.
A quote stands for seven days
Inside that window the price is yours. After seven days we requote, because by then it is not the same market, and holding a stale number would mean either overcharging you or quoting something we cannot deliver.
Once your order is in, ordinary movement is ours
We commit to source and retire within fifteen business days. Across that period, movement in cohort prices and in sterling of up to ten per cent against the position we quoted is absorbed by us. That is the risk you are paying us to take.
Beyond that you choose, and quality is not one of the options
If the cost of sourcing to your specification moves more than ten per cent above the position we quoted, we do not absorb it and we do not quietly fill the gap. We come back to you within three business days of identifying it, show you the market position, and you either accept a revised price on the same specification and warranty, or cancel with nothing further to pay and any sum already paid returned in full.
Availability is not guaranteed and we will not pretend it is. A narrow claim category, a high Impact Band or a tight vintage requirement can be genuinely hard to fill. When that happens the decision comes back to you, with the market position in front of you.
Accept a revised price
The same specification and the same warranty, at a number that reflects the market as it now is. Your approval is required; nothing proceeds without it.
Take the qualifying volume available
The part of your volume we can source to specification, with the balance returned. We do not scale down quality to reach a number, and the delivered portion does not drift below your contracted band on the way to a partial delivery. The band is assessed on what you actually receive.
Extend the sourcing period
Give us a longer window and we complete the volume to specification within it.
Cancel the unfilled balance
The commission ends with you no worse off financially than when it started. No assessment fee is retained, no administration charge is made, and no cancellation charge applies.
If we kept a fee when a commission failed, we would profit from quoting optimistically, and you would have no way of telling the difference. Removing the fee removes the incentive. It is a structural fix rather than a promise about our intentions.
Not at the deadline. Your claim period may need a different route entirely, and you need the time to take it. Requotes, exceptional-movement referrals and withdrawals are logged with the reason and the market position that triggered them. In our experience to date, the great majority of assignments complete at the quoted price.
We could pad every quote so the assignments that complete routinely pay for the exceptional ones. The ten per cent band, and the requote or refund beyond it, is what lets us quote keenly for everybody else.
For a new client who already holds credits, we begin by screening the current position against the claim intended for the next claim period and the Impact Band rules then in force. The diagnostic becomes the gap analysis for constructing your first 360° Impact Portfolio.
Qualifying unretired holdings can be brought in, and we source around them to reduce unnecessary repetition and concentration across projects, methodologies, vintages and geographies. That is portfolio construction. Double counting is separate and absolute: a credit already retired, cancelled or used for a prior claim is never reused.
Buying the same credits from the same project every year concentrates risk in exactly the place you cannot afford it. Methodologies get revised, cohorts fall out of favour, registries change their rules. A portfolio assembled across vintages, technologies and geographies reduces that risk. A repeat order does not.
Your ambition can move, in either direction. Because the band is an average across tonnes rather than a rule on each credit, raising it means sourcing a greater share from higher-scoring projects until the weighted average reaches the higher band. Taking the two projects in the worked example, moving that portfolio from Moderate to Strong means sourcing roughly 68% of tonnes from the cookstove cohort rather than 30%.
If your budget tightens, the band can come down instead: a greater share composed from lower-cost, carbon-led projects, holding the lower band you specify. Your carbon claim is entirely unaffected, because claim eligibility is per credit and is not the thing being averaged. What changes is the wider impact you are funding, it is a decision you make rather than one we make quietly, and the pack records what you chose.
We do not ask for a multi-year contract. Each year we price your claim category and Impact Band against the market as we find it, and you decide whether to come back. If the work has not earned the next engagement, nothing obliges you to place it.
Tell us the claim, the band, the volume and the deadline. We will quote against the market on the day, and the number will cover everything on this page.