The carbon credits are derived from the Kuamut Rainforest Conservation Project (“Kuamut Project”), which is located in Sabah, Malaysia. The project area is known to support high populations of orangutan, elephants, and endangered bird species. Furthermore, the Kuamut Project saw its maiden issuance of verified carbon units in March under the globally recognised Verra’s Verified Carbon Standard, leading to an approximate annual emission reduction of 800,000 tonnes of carbon dioxide equivalent.

As part of global climate action, carbon credits have been introduced as measurable and verifiable emission reductions from certified climate projects which reduce greenhouse gas emissions. In voluntary carbon markets, companies can choose to purchase carbon credits from entities that reduce greenhouse gas emissions to compensate for their own greenhouse gas emissions. They operate like permission slips for the emission of one ton of carbon dioxide or the equivalent of other greenhouse gasses in the atmosphere per credit. When a credit is used, the end-buyer may offset the credit against its carbon footprint, and such credit is no longer tradeable.