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Glossary

Insights

Glossary

Clear definitions of the sustainability, climate, and ESG terms that matter most — from CBAM and CSRD to SBTi and PCAF. Written by Semtrio's advisory team.

Are there any terms you don't recognise?

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V

Verra Verified Carbon Standard (VCS)

The Verified Carbon Standard, administered by the non-profit Verra, is the world's most widely used voluntary carbon crediting programme, under which projects are validated, verified and issued tradable Verified Carbon Units.

Carbon Markets

Voluntary Carbon Market (VCM)

The Voluntary Carbon Market (VCM) is a marketplace in which organizations and individuals purchase carbon credits representing verified emissions reductions or removals from climate projects — outside of any regulatory compliance obligation — primarily to address residual emissions as part of net zero commitments or to contribute to climate action beyond direct reduction targets.

Carbon Markets
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Have a question we haven't defined yet?

If you're working through a regulatory framework or sustainability challenge and need clarity on a specific term or concept — our team is here to help directly.