Powering high-integrity carbon markets from Saudi Arabia to global markets
Who we are
Advancing high-integrity carbon markets from the Global South
VCM is a market enabler and regional-to-global platform for high-integrity voluntary carbon credits. Through our integrated exchange and advisory services, we connect capital with credible climate solutions, strengthen price transparency, and help organisations move from climate ambition to structured decarbonisation action.
what we do
One connected ecosystem for high-integrity climate action. VCM combines trusted exchange infrastructure with specialist advisory and project development support, connecting capital, credible carbon credits, and climate solutions at speed and scale.
Exchange Platform
A trusted digital marketplace enabling transparent price discovery, efficient execution, settlement, and delivery of voluntary carbon credits.
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Advisory Services
Expert support helping organisations build credible decarbonisation strategies and responsibly source high-integrity carbon credits.
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Investments in Decarbonisation Projects
Supporting high-quality climate projects from opportunity assessment and methodology selection to market access and scale.
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who we serve
Connecting every side of the carbon market. VCM brings together sustainable corporates, traders, and project developers through a trusted ecosystem designed to strengthen market access, liquidity, and credible climate action.
Traders
Access diversified demand through transparent and flexible trading routes.
Sustainable Corporates
Source high-integrity credits and integrate them into credible climate strategies.
Project Developers
Bring high-quality projects to market and connect with a broader buyer base.
Advisors
Provide specialist expertise in decarbonisation, carbon accounting, project development, and climate analytics.
Strategic Partners
Collaborate on market products, platform connectivity, and innovative climate solutions.
Governments and Public Stakeholders
Mobilise private capital and strengthen market infrastructure aligned with national climate priorities.
Join VCM ecosystem and advance credible climate action.
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Market Performance. Measurable Impact
VCM's growing track record demonstrates its ability to aggregate high-quality supply, convene demand, and build liquidity in the voluntary carbon market.
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~13M
Carbon credits delivered to date
6.9M
Carbon credits delivered in 2025
3rd
Largest carbon exchange globally by traded volume
+350M SAR
Total traded value
40
Market participants active on the VCM Exchange Platform
Knowledge Hub
Understand the market. Anticipate what's next.
Explore expert perspectives, market developments, and conversations advancing credible climate action.
FAQ
Discover everything you need to know about carbon credits, auctions, market standards, voluntary carbon markets, market participation, and VCM's services.
Contact us- What is a voluntary carbon market (VCM)?A voluntary carbon market enables organisations to buy and sell carbon credits voluntarily. It channels finance towards projects that reduce or remove greenhouse gas emissions, allowing organisations to address residual emissions while pursuing broader decarbonisation strategies.
- How does the voluntary carbon market work?Climate projects are developed under recognised methodologies, independently validated, registered, monitored, and verified. Verified emissions reductions or removals are then issued as uniquely identified carbon credits that can be traded, delivered to buyers, and ultimately retired when used for a climate claim.
- What are carbon credits?A carbon credit typically represents one tonne of carbon dioxide equivalent (CO₂) reduced or removed through a verified climate project. Each credit is issued through a recognised registry with a unique serial number, making it traceable and preventing reuse once retired.
- Who participates in voluntary carbon markets?Voluntary carbon markets bring together sustainable corporates, traders, project developers, advisors, and strategic partners. Corporates purchase credits to address residual emissions, traders and developers bring eligible supply to market, and advisors provide the expertise needed to support credible climate strategies and projects.
- Who are VCM's shareholders?VCM was established in October 2022 by the Public Investment Fund and Saudi Tadawul Group Holding Company. PIF holds an 80% stake, while Saudi Tadawul Group holds the remaining 20%.
- What types of projects are eligible for carbon credits on VCM?Eligible credits may originate from three principal project categories:
Emission reductions — Projects that avoid or reduce greenhouse gas emissions against a defined baseline, including renewable energy and clean-cooking solutions.
Nature-based removals — Projects that use natural systems to remove and store carbon, including reforestation, soil carbon, and ecosystem restoration.
Durable removals — Technology-enabled solutions that remove carbon from the atmosphere and store it in long-lived reservoirs, including direct air capture, biochar, and enhanced weathering.
All credits must be issued under a recognised standard supported by VCM, such as Verra's Verified Carbon Standard, Gold Standard, or Puro.earth, and must meet VCM's eligibility and integrity criteria.