Membership & Sponsorship Policy Update

Dear Members,

An update on two important matters today:

  • Member and Sponsorship Policy update
  • Working Group update

1.Member and Sponsorship Policy Update

Following a comprehensive process outlined in the attached update, CMI is moving into the final phase of development of its Member and Sponsorship Policy, consistent with CMI’s 2025 Accelerating Climate Action Strategic Plan launched last November.

We are now seeking final feedback on the draft policy – which can be viewed here. It includes the full policy in the Appendix section, as well as relevant background information and details on the process.

While all members are encouraged to develop climate transition plans, this policy focuses on the development of such plans by large “full” members of CMI (individuals, partnerships or corporations with revenue over $5 million) by mid-2025.  CMI has already reached out to designated lead contacts at large full members to detail the key changes.

We request any feedback by 1 December 2023 to info@carbonmarketinstitute.org, and will also be hosting a member-only meeting at 4pm on 20 November to present the policy and discuss any questions you may have. Emma Herd, Co-Lead EY Net-Zero Centre and Partner Climate Change and Sustainability, who assisted in research for the draft policy, will join representatives of CMI Board Membership Committee for this session. Register here.

Please note that until the final policy comes into effect, the interim policy (as amended) will continue to apply for new membership applications and event sponsorship. While the interim sponsorship requirements will continue to apply through till mid-2025, it will not impact other CMI member benefits in this intervening period.

Timeline 

The Board will consider feedback and agree and announce the final policy in early 2024. CMI will also develop a guidance note to support member implementation of the policy, to be shared mid-2024 ahead of mid-2025 policy implementation.

Throughout this period, CMI’s activities (including Corporate Climate Leadership Working Group meetings) will include a focus on relevant guidance benchmarks to support the implementation of the policy.

2.New Member Working Groups for 2024 

Secondly, I am delighted to advise that, following discussions with members and consistent with the 2025 Strategic Plan, CMI will also now be convening regular Market/Investor and Carbon Law Working Groups.

More details on this to follow, as well as on potential time-bound Taskforces for 2024, and of course our 2024 CMI event schedule.

These new Working Groups will work alongside the existing Policy, Carbon Project Development, International and Corporate Climate Leadership Working Groups.

Thank you for your ongoing support and I look forward to working with you through 2024 and beyond.

Kind regards,

John Connor, CEO

Carbon Market Institute