🔄ICR Board Procedures v2.0 Final
Summary
ICR serves as a framework for climate projects of any size where environmental integrity is promoted with credibility, consistency, and transparency of quantification, monitoring, reporting, validation, and verification
ICR board procedures
Version no.
2.0
Date of Version
14. October 2022
Introduction
International Carbon Registry is a voluntary climate action initiative promoting effectiveness in climate financing while safeguarding environmental integrity. ICR sets out requirements for climate action projects and delivers a platform for the registration and issuance of tradable carbon credits, allowing organizations to offset or directly list carbon credits for sale on an exchange in a transparent and publicly accessible manner.
The purpose of this document is to specify the responsibilities of the ICR board and structure how the ICR board decisions shall be made, taking technical input and recommendations from the ICR Program Advisory Panel (PAP) into account.
ICR Board
The ICR board shall meet as necessary but no less than four times a year for discussion of the operations of the ICR program. All documentation for the ICR board meetings shall be made available to members in due time.
The ICR board controls the ICR under guidance and recommendations from the PAP and ICR general management. In this context, the ICR board shall:
Set out the strategic direction of the ICR and actively seek expansion opportunities.
Follow carbon market developments.
Make decisions on further documentation for the ICR program, as appropriate.
Make decisions on any revisions, amendments, or additions to requirements and procedures.
Approve new methodologies and revisions.
Set out requirements for approval of VVBs, following accreditation standards, further:
Decisions on approval, suspension, and withdrawal of approval.
Operationalization of procedures and standards for approval.
Identify barriers to implementing activities and mitigations of barriers to support funding of project activities, as necessary.
Review the operation of ICR general management with input from a third-party audit.
Approve and make requirements, processes, methodologies, and standards publicly available.
Develop and maintain the ICR registry for project activities containing information on registered project documentation and information on all ICCs issued.
Address issues relating to ICR operational documents.
Carry out any other issues regarding the operation of the ICR program.
ICR Program Advisory Panel
The PAP is a group of carefully selected and highly competent technical experts in climate solutions and carbon markets providing consultation to ICR to maintain an effective and efficient GHG program for all users and stakeholders. The procedure for the PAP is disclosed in the ICR Program Advisory Panel procedure.
The PAP functions are to provide the ICR with guidance and recommendation through consultation on the strategic direction and development of the ICR program. The roles of the PAP are:
Provide advice on enhancements and strategic direction of the ICR program and its procedures.
Review processes related to the registration of climate projects and issuance of carbon credits.
Review and provide advice to draft documentation regarding establishing, revising, or withdrawing requirements, operational guidelines, and clarifications for climate projects to register and issue carbon credits.
Provide advice and recommendations to ICR regarding need and priority areas for revisions and amendments to requirements, operational guidelines, procedures, etc., for the operation of the ICR program.
Provide insight into the needs of stakeholders.
The ICR board shall strive to follow the recommendations from the PAP.
Procedures of the ICR Board
Decisions by the ICR board shall be taken by consensus whenever possible. If all efforts at reaching a consensus have been exhausted and no agreement has been reached, decisions shall be taken by a majority of the members present and voting at the meeting.
All decisions of the ICR board concerning the ICR program operations that are not confidential should be made publicly available. The working language of the ICR board is English, and decisions shall be made available in English.
The ICR board selects the members of the PAP to support the performance of the ICR board based on recommendations from the ICR general management. The ICR board shall draw on the expertise necessary to perform functions and take into account the consideration of regional and gender balance.
The general management assesses issues for review by the ICR board and ensures that members are provided with documentation promptly for consideration.
General management is responsible for organizing and facilitating meetings, preparing and disseminating agendas and minutes, developing any draft updates to ICR program requirements, processes, and operational guidelines, recommendations from the PAP, and managing for approval by the ICR board.
The chair shall organize and host each meeting of the ICR board. Meeting agenda shall, at a minimum, include the following:
Revisions to the ICR program
Methodologies, modules, tools, and revisions for review and approval
Strategic direction
Updates on markets
Other issues
Before providing any review concerning revisions of documentation or proposal for new methodologies (revisions), members shall confirm the absence of conflict of interest with respect to the review.
Methodology Approval
After completing a review, the general management shall prepare all relevant documentation about the revised or proposed new methodology for the ICR board. The documentation provided to the ICR board shall have incorporated stakeholder input and be following ICRs new methodology proposal form. The ICR board shall take due account to disclosed documentation and decide to either:
Approve the proposed new methodology (revision).
Reject the proposed new methodology (revision).
Request further information and provide guidance on issues to be addressed.
If the ICR board approves the proposed new methodology (revision), the methodology developer is informed, and the approved new methodology (revision) is published on the ICR website within seven days of the approval, and the list of ICR approved methodologies is updated accordingly.
Revisions to ICR Program
The general management shall prepare all relevant documentation on the proposed revisions of the ICR program operational documentation for which ICR drafted amendments to the ICR board, along with comments received from the PAP.
The ICR board shall take due account of the recommendation from the PAP when approving revisions.
Appendix – Document History
Version
Date
Comment
1.0
20.2.2022
First version.
2.0
14.10.2022
Alignment with revised ICR requirement document and ICR methodology requirements.
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