Chestnut Carbon announced that it has issued the first U.S.-based improved forestry management (IFM) credits with Verra’s removals tag that differentiates reductions and removals in IFM projects (VT0015).
As shared in the announcement, the project has issued 95,909 new credits designated as carbon removal credits in the Verified Carbon Standard (VCS) Program.
Founded in 2022 by Kimmeridge, Chestnut Carbon develops and manages IFM projects that conserve and enhance biodiverse forest ecosystems through scientifically grounded, climate-smart forest management practices.
Since its initial issuance, Chestnut has exclusively sold carbon removal credits from its IFM projects. These credits are issued solely for incremental CO2 sequestration that occurs from annual forest growth, materially reducing over crediting and headline risk.
By successfully obtaining Verra’s new removals tag for its IFM project, Chestnut marks meaningful progress towards standardizing the identification of carbon removal credits. This helps streamline due diligence, providing additional transparency and credibility for corporate and institutional carbon removal buyers.
Chestnut Carbon’s IFM project is part of one of the largest and most inclusive IFM portfolios in the U.S. This network of IFM operations provides more than 250 private forest landowners across 37 states with access to carbon markets, enabling them to tap into multi-generational financial support.
For Chestnut, this milestone issuance comes after the company’s efforts were named the first U.S. IFM Project Verified for Biodiversity Conservation Impacts with the Forest Stewardship Council® earlier this year.
The company has also verified the biodiversity benefits associated with its IFM work, confirming positive developments in wildlife habitat recovery, improved air and water quality, and increased climate resilience for forest‑dependent ecosystems and surrounding communities.
Relevant: Chestnut Carbon Secures Carbon Credit Sale With TD Bank
Commenting on the newly issued IFM credits, Chestnut Carbon’s Chief Commercial and Operating Officer Brian DiMarino shared that the company is pleased to have collaborated with Verra to implement and issue credits with the removals tag.
He stated, “Clear, consistent classification of carbon removal is essential for market confidence. This issuance reflects our commitment to transparency, rigorous verification, and setting a high bar for integrity in nature‑based carbon removal.”
Read more: Chestnut Carbon Raises A Quarter Billion In Series B After An Additional Funding Round
