Our Approach

A 7-step due diligence process

We offer only diversified portfolios of high-integrity carbon credits. CNaught's due diligence process finds that only ~15% of projects in the market meet our quality standard.

Verified trust and transparency

We've built a rigorous, multi-layer diligence process that combines a thorough internal assessment with independent third-party evaluations from leading ratings agencies. Every project is highly rated by one of the four major rating agencies, ensuring we remain at the forefront of quality in the voluntary carbon market.

BeZeroCalyx GlobalRenosterSylvera

Our approach is aligned with current best practices from sources like the Stockholm Environment Institute and the GHG Management Institute's Offset Guide.

~15%

of projects in the market meet CNaught's strict quality standard

Every credit in a CNaught portfolio clears the full process below — passing project screening, four independent ratings agencies, and our own four-pillar evaluation.

Phase I — Project Screening

First, we screen for transparency, ratings, and risk

Every project starts with three screening steps. A project must pass all three before it can advance to our quality evaluation.

1 Step One

Project Transparency Review

We begin by verifying that all project documentation is complete, accurate, and publicly available. We ensure all essential information is transparent and accessible, requesting any missing elements directly from project developers when necessary.

What we verify
Project Design Document (PDD), Monitoring Report (MR), and Verification Report (VR) for each issuance
For CCB or SD VISta projects, all corresponding documents must be available
For nature-based projects, we verify boundary files align with the project documentation
2 Step Two

Third-Party Ratings Assessment

We're one of the only providers who work with all four major independent ratings agencies. These agencies apply rigorous, science-based methodologies across additionality, over-crediting risk, permanence, and co-benefits, conducted by teams of subject-matter experts. We also check supporting sources like AlliedOffsets, CarbonPlan, and MSCI.

CNaught only purchases issued credits from projects highly rated by at least one of these four agencies. When agencies provide differing assessments, we analyze their methodologies to determine which is most appropriate for that specific project.

Our Buy Box

Calyx GlobalBBB or above
RenosterGood or above
BeZeroBBB or above
SylveraBBB or above

Every project undergoes a thorough individual review. A high third-party rating does not guarantee that a we will include a project because we conduct our own diligence.

3 Step Three

ESG & Reputational Risk Assessment

Once we've reviewed a project's third-party assessments, we evaluate broader environmental, social, governance, and reputational risks. If there's any potential area of risk, we investigate and evaluate whether the project or developer has addressed it credibly.

Any unresolved or material reputational risk may result in exclusion from our portfolios.

Risk categories we evaluate
Operational risks
Environmental risks
Social risks
Governance risks
Reputational risk
Phase II — Four-Pillar Quality Evaluation

Then, each project is graded against four quality pillars

Projects that pass screening are assessed across our four quality pillars, combining third-party data with our own internal review. Each project must be rated low risk across all four to be eligible — high risk in any one pillar means exclusion from our portfolios.

4 Step Four

Additionality

Financial additionality Regulatory additionality Common practice
5 Step Five

Over-Crediting

Baseline emissions Project emissions Leakage Buffer contributions
6 Step Six

Durability

Potential reversal risks Mitigation strategies Community engagement
7 Step Seven

Double Counting

Single registry listing Project area overlaps Potential conflicts

By combining the best available third-party assessments with our own internal expertise, every credit in our portfolios represents meaningful climate action — going beyond industry standards to deliver carbon credits you can trust to stand up to the highest levels of scrutiny.

See it in action

Diligence, applied to real projects

Two nature-based reduction projects run through the same 7-step review. One clears every bar. The other doesn't, and never reaches your portfolio.

Tropical peatland forest and waterwayNature-based Reduction

Indonesia Peatland Project

  • Project Transparency Review
  • Third-Party Rating Assessment
  • ESG & Reputational Risk
  • Additionality: Low Risk
  • Over-Crediting: Low Risk
  • Durability: Low Risk
  • Double Counting: Low Risk
Meets CNaught's Quality Bar
Autumn ridgeline at sunriseNature-based Reduction

U.S. IFM Project

  • Project Transparency Review
  • Third-Party Rating Assessment
  • ESG & Reputational Risk
  • Additionality: High Risk
  • Over-Crediting: Low Risk
  • Durability: High Risk
  • Double Counting: Low Risk
Doesn't Meet CNaught's Quality Bar
FAQ

Frequently asked questions

What percentage of projects does CNaught accept?

About 15% of projects in the market meet CNaught’s quality standard.

Which third-party standards do CNaught projects use?

CNaught evaluates projects that are issued under major standards and methodologies used in the voluntary carbon market, including projects reviewed through ratings and documentation tied to standards such as Verra, Gold Standard, Puro.earth, American Carbon Registry, Climate Action Reserve, and other widely used registries and certification programs.

Why is it important to use multiple rating agencies instead of one?

One rating can miss differences in rating systems methodologies. Using BeZero, Calyx Global, Renoster, and Sylvera gives CNaught a broader view of project quality and helps it handle methodology disagreements more carefully.

What is additionality?

Additionality means the carbon credit project would not likely happen without carbon credit revenue. CNaught checks financial, regulatory, and common-practice additionality.

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