Founded in 2008 by market participants eager to strengthen best practices in the emerging voluntary carbon market, ICROA was built by the market for the market at a time when no other programme of its kind existed. ICROA was created by a group of pioneering carbon credit professionals from the UK, US and Australia that established a clear Code of Best Practice in order for market participants to transparently gauge and report their performance.

The ICROA Code of Best Practice has been well recognised by the market and achieved strong participation in its Approval and Endorsement programmes. Over the past five years however, new carbon market oversight initiatives including the Integrity Council for the Voluntary Carbon Market (ICVCM) and Voluntary Carbon Markets Integrity Initiative (VCMI) have emerged and the decision has been taken to wind down ICROA. These new initiatives are well placed to continue the work that ICROA began.

Andrea Abrahams, ICROA Managing Director, said: “We are incredibly proud of the work of the ICROA community over the last 15 years and grateful to its many supporters. We believe the ICROA community has helped pave the way to the new integrity frameworks the market relies on today.”