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Introducing SmartScan: A fast, initial risk signal for unrated carbon projects

CORSIA ICVCM Article 6 Commentary News & events Ratings approach

Building Trust in the Market

Building Trust in the Market

TL;DR: One of the clearest manifestations of Calyx Global's independence has been our refusal to accept payment from the developers whose projects we rate. While this continues to be our stance today, we stated before that if market conditions changed, including through increased regulatory oversight, tighter industry norms, and improved credit quality, we would assess whether our stance should evolve. With the EU's ESG Ratings regulation set to introduce formal oversight of carbon credit rating agencies for the first time, and with progress on some other indicators, we believe the moment to consider a change in posture has arrived. We haven't reached a decision on changing Calyx's approach yet, but we have decided to pilot a few developer-paid ratings with trusted partners to see how it would work in practice. We'll share what we learn.

September 17, 2026

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