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South Pole Our commitment to integrity

Our commitment to Integrity

Our ambition is to lead the way in carbon project risk management, quality, and compliance protocols.

As one of the foundational players in carbon markets and climate consulting, South Pole is uniquely placed to help clients reach their targets and unlock positive climate impact at scale.

Since our founding in 2006, we have built extensive market and on-ground field experience and first-hand learnings to continuously improve our operations generally and management of carbon projects specifically.

We are dedicated to maintaining the highest standards of ethical practice and transparency in everything we do. Here's how we uphold this commitment:

Enhanced compliance, quality and risk management system for carbon projects

Enhanced compliance, quality and risk management system for carbon projects

South Pole has in-house, independent risk and compliance functions. We follow regulated industry best practices and have established an independent risk function in charge of implementing tighter quality management processes across all projects in our portfolio.

Independent third-party reviews and ratings of carbon projects

Independent third-party reviews and ratings of carbon projects

South Pole supports third-party ratings to enhance transparency in carbon credit quality and potential associated risks for buyers and stakeholders. These carbon project ratings help improve overall transparency in the market and provide buyers with important insights into the factors and context behind carbon credits and the projects that issue them.

Leadership with integrity

Leadership with integrity

South Pole has recently announced a number of senior leadership changes, made up of recognised leaders with decades of robust experience.

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For more information
Contact Us

For more information about our commitment to integrity, quality assurance and risk management, please contact us at info@southpole.com

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Enhanced compliance, quality and risk management system for carbon projects

South Pole has in-house, independent risk and compliance functions. We follow regulated industry best practices and have established an independent risk function in charge of implementing tighter quality management processes across all projects in our portfolio.

South Pole upholds rigorous standards in carbon project evaluation through its Risk and Quality Control review processes. These processes are applied on top of and in addition to the comprehensive requirements for carbon projects , mandated by carbon standards like Verra and Gold Standard.

We also empower our clients with the relevant insights to make informed decisions and holistically manage risk across their project portfolios.

Robust quality, risk and compliance management in carbon asset development and project portfolios

Our projects adhere to international carbon certification standards, ensuring strict compliance with quality and requirement specifications. Beyond these mandatory requirements by carbon standards, we have integrated an enhanced Quality Management System into our carbon asset development cycle and overall project portfolio management. We continuously update our approach in line with globally recognised standards, such as the United Global Compact (UNGC), Voluntary Carbon Standards (VCM), and the Core Carbon Principles (CCP) from the Integrity Council for the Voluntary Carbon Market (ICVCM).

Our Quality Management System includes:

  • Updated quality criteria: In line with latest market developments, South Pole's technology experts are continuously updating our rigorous quality criteria specific to each carbon avoidance or removal technology. Our quality criteria include:
    • Reputational risks
    • Carbon accounting
    • Additionality
    • Permanence risks
    • Social & environmental risks
  • Risk assessment and mitigation: Applying our new internal risk scoring system, our experts evaluate the likelihood and impact of potential risks associated with each quality criteria, resulting in an overall scoring for each project. The review encompasses various sources, including but not limited to: carbon registries, regional media criticism, and available third-party rating agency reports. Based on the results of the assessment, our experts develop mitigation action plans for selected projects, with the goal of reducing the overall level of risk within the project. This engagement with projects on risk mitigation helps build awareness and improved quality management across the broader market.
  • Comprehensive Know Your Counterparty (KYC) checks: Our comprehensive review features a Know Your Counterparty (KYC). We employ a risk-based KYC approach to align each partnership with our ethical and compliance standards. High-risk profiles undergo enhanced due diligence, requiring approval from a designated committee to reinforce rigorous oversight. Our industry-leading KYC software screens against sanctions, regulatory watchlists, politically exposed persons (PEP) lists, litigation and adverse media. In remote areas and with smaller communities and NGOs, we partner with top compliance service providers for market intelligence and on-the-ground support, ensuring high standards across all operations.
  • Policies and guidelines: Our policies outline the selection criteria for Project Partners and the expectations from them.
  • Mandatory Ethics and Code of Conduct, as well as compliance training for all South Pole staff, to ensure all employees adhere to legal standards and ethical practices while maintaining a strong, principled work environment.
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Integration of our enhanced Quality Management System into our overall carbon project portfolio management.

Transparent communication

We are committed to helping our clients understand the complexities of carbon projects and the nuances that make up credit quality. We enable transparent communication with clients and partners by:

  • Disclosing assessment results: Following our project quality and risk assessments, we provide comprehensive integrity summaries of all risks we identify with a project.
  • Expert briefings: Our commercial and risk teams are available for open and transparent discussions about our project assessments and findings.
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Available now for a selection of projects. Delivery on request is also possible for projects in which review has been completed.

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Independent third-party reviews and ratings of carbon projects

South Pole supports third-party ratings to enhance transparency in carbon credit quality and potential associated risks for buyers and stakeholders. These carbon project ratings help improve overall transparency in the market and provide buyers with important insights into the factors and context behind carbon credits and the projects that issue them.

This is why South Pole engages third-party ratings agencies to perform independent reviews of selected projects, to further enhance risk management across its global project portfolio. The analyses and ratings of third-party carbon ratings agencies represent one important input to complement our internal assessments.

South Pole's key criteria for selecting ratings agency providers include:

  • Rigorous methodology: Providers must have a robust, data-driven methodology to evaluate carbon credits. Their ratings need to be based on detailed assessments of project quality, risk factors, and additionality.
  • Transparency: Providers must be transparent about their rating process, providing clear and accessible information on how different carbon credits are assessed and scored.
  • Independent analysis: Providers must offer independent, third-party evaluations of carbon projects, to ensure unbiased and objective ratings.
  • Context & insights: Providers should also provide additional insights about rated carbon credits, to provide added context for buyers and to ensure informed decisions.
  • Investment in innovation: Providers should be actively seeking to integrate advanced technologies and methodologies into their operations to enhance the accuracy and reliability of their ratings.

Leadership with integrity

Our leadership team is made up of recognised leaders with decades of robust experience.

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Chief Risk Officer - Antoine Prédour

South Pole has a dedicated Chief Risk Officer. This role is essential in reinforcing our risk management framework, ensuring comprehensive oversight, and upholding our commitment to integrity at the highest levels of our organisation. Our independent risk management function helps foster a culture of risk awareness and accountability throughout our organisation, as it operates separately from operational functions.

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Group General Counsel and Chief Compliance Officer

Our investment in a Group General Counsel & Chief Compliance Officer role underscores our commitment to legal and ethical standards. This role ensures rigorous oversight of legal compliance and regulatory matters.

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Chair of the Board

We are honored to have Dame Inga Beale as the Chair of our Board of Directors since May 2024. Her leadership reflects our commitment to ethical governance and strategic oversight, and brings deep experience from regulated markets and businesses. Learn more about Dame Inga Beale's appointment.

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