Dear Colleague,

Welcome to Verra’s February Newsletter! Since our last newsletter, we have made further progress on the various priority areas under the New Era for Verra initiative.

  • We are taking the next steps on developing version 5 of the VCS Program and have just published the comments we received during our 2023 high-level consultation, along with our responses. We sincerely thank everyone who took the time to provide input.
  • We have started to publish the average processing times for project review requests to increase transparency around the project review process, and we are providing stakeholders with target service-level agreements (SLAs) to establish clear performance benchmarks regarding project review times.
  • We are advancing our work on several VCS methodologies through revisions of existing methodologies and the development of new ones. Please see below for individual announcements about this work.

Verra also submitted a comment letter to the Commodity Futures Trading Commission (CFTC) as part of the ongoing dialogue regarding potential regulatory efforts for voluntary carbon markets.

Lastly, we shared that an innovative plastic waste reduction-linked bond—recently announced by the World Bank, Citibank, and Plastic Collective—will leverage Plastic Credits to provide returns to its investors. This demonstrates a novel pathway for how financial instruments can support the scaling up of plastic waste reduction activities.

Stakeholder Updates

Man in marsh with bamboo pole
Photo courtesy of InfiniteEARTH. Rimba Raya Biodiversity Reserve Project, Indonesia (Verra Project 674).

Top News

General Updates

Verified Carbon Standard Program

Plastic Program

Scope 3 Standard Program

Regular Updates

Photo courtesy of Second Life Thailand. Second Life Thailand: Ocean and Land Plastic Waste Recovery, Recycling and Reuse (Verra Project 2513).


Verra Staff at Events

We would like to bring your attention to an upcoming event:

  • Circularity 24, the leading convening of professionals building the circular economy, will take place May 22-24, 2024, in Chicago, IL. Join this growing community to move beyond incremental action, catalyze systems change, and accelerate the transition to a circular economy. Register before March 8 with the 10% discount code C24VERRA for a combined savings of $1,000 off the Final Rate All-Access Pass: (external).

For a comprehensive list of all upcoming events, please check our Events page. If you’d like to invite a Verra team member to speak at your event, please contact