Indirect greenhouse gas emissions that occur as a result of an organization's activities but are not directly owned or controlled by it, including emissions from its supply chain, transportation, and use of products.

A financial derivative that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a specific time frame.

A characteristic of a Voluntary Carbon Markets Credit. The underlying projects could not exist without the funding from the carbon credit. In other words, the projects wouldn’t be viable in their own right, all other things equal (regulations, government funding, other policies…). If credits are awarded to activities that would have happened anyways, the process becomes meaningless.