# ICR Context

### **Background**

The International Carbon Registry is a subsidiary of [Gaia Group ehf](https://www.skatturinn.is/fyrirtaekjaskra/leit/kennitala/4103240160).&#x20;

<figure><img src="/files/zoTjgHB7uKG4WcrIMf56" alt=""><figcaption><p>Organizational structure</p></figcaption></figure>

The scope of operation of [International carbon registry ehf.](https://www.skatturinn.is/fyrirtaekjaskra/leit/kennitala/5007200340) encompasses the operation and management of the ICR program. Further [Mojoflower ehf.](https://www.skatturinn.is/fyrirtaekjaskra/leit/kennitala/5705210710) is a software development house that develops different software solutions for the carbon market. The leadership team works for both the ICR and the Carbon registry.&#x20;

### **Context**

At the International Carbon Registry (ICR), we recognize the importance of comprehensively understanding our organization and its operating environment. This understanding forms the cornerstone of our commitment to delivering high-quality carbon credit issuance and verification services. In accordance with ISO 9001:2015 requirements, this section outlines how we systematically identify and evaluate internal and external factors that impact our organization's ability to achieve its intended outcomes.

The International Carbon Registry (ICR) operates in a complex and rapidly evolving environment, where understanding both internal and external contexts is critical for the successful implementation and continual improvement of ICR's Quality Management System (QMS) and GHG program. This understanding forms the foundation for the ICR to effectively manage registration of climate projects and contribute to global efforts in reducing and removing greenhouse gas (GHG) emissions.

ICR embraces a holistic approach to understanding its context. We consider the nature, scale, and complexity of our activities and their interactions. This approach enables us to identify relevant internal and external issues that affect our ability to meet the needs and expectations of our clients, stakeholders, and interested parties.


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