Today, businesses grapple with the challenge of balancing  economic objectives alongside environmental stewardship and community service.
Effective climate action commences with establishing science-based reduction targets and enhancing in-house GHG reductions. Nevertheless, despite these
endeavors, certain emissions persist due to technological and economic constraints.

Scope 3 emissions, comprising 70% of corporate emissions, present a significant challenge due to limited control over suppliers and customers. To tackle this issue, many companies adopt voluntary carbon reduction and removal projects, known as ‘Beyond Value Chain Mitigation’.

Research by Forest Trends suggests that companies utilizing verified emissions reductions or removals are more likely to set ambitious targets and reduce emissions faster than their counterparts. Achieving Net Zero emissions necessitates durable removal of greenhouse gases, requiring substantial financing through mechanisms like the Voluntary Carbon Market (VCM).

Carbon credits, originating from activities that reduce or remove greenhouse gas emissions, are essential in these efforts. Tradable in carbon markets, these credits empower companies to both offset emissions and invest in projects elsewhere, a process known as carbon inset. Over the past decade, the carbon market has experienced substantial growth, becoming a cornerstone for companies striving to achieve their sustainability goals.

At MCE, we are committed to fostering sustainability through our engagement in diverse projects, with a specific focus on Vietnam. Supported by local governments and an extensive partner network, we strive to advance sustainable initiatives. Through innovative financing and strategic partnerships, we contribute to the liquidity and maturity of the market.