Where climate ambition becomes measurable impact
VCM is shaping the future of climate finance from Saudi Arabia to the world.
We connect capital with high-integrity climate solutions, building a credible, transparent voluntary carbon market that transforms climate ambition into measurable global impact.
Our vision
To drive climate action and improve livelihoods through a high-integrity voluntary carbon market in the Global South.
Our mission
The voluntary carbon market will be a catalyst for positive climate action and improving livelihoods. VCM will channel funds to invest in essential climate projects from MENA and beyond, while enabling decarbonisation in hard-to-abate sectors. VCM stands for real climate solutions, with integrity at its core.
From Commitment to Action
Established in October 2022 by the Public Investment Fund (80%) and Saudi Tadawul Group (20%), VCM is building a credible, high-integrity voluntary carbon market at speed and scale. Its ecosystem combines a carbon credits exchange with advisory services that support organisations' decarbonisation efforts. Key milestones include landmark auctions in Riyadh and Nairobi, the world's first Global South Carbon Market Conference, and the launch of the region's largest carbon credits exchange alongside COP29 in 2024.
Why We Lead from the Global South
Climate change is no longer a distant threat; it is a present reality. Across the MENA region, temperatures could rise by up to 6°C by 2100, intensifying water scarcity, threatening livelihoods, and placing growing pressure on economies.
Board of directors
Governance Shaping a Trusted Market
Rania NasharChairperson
Omar Al-MadhiVice Chairman
Eng. Khalid Al-HussanCEO of Saudi Tadawul Group and Board Member
Ibrahim Al-BuainainBoard Member
Doris HonoldBoard Member
Sultan Abdulmalik Al-SheikhBoard Member
“Our mission is to spearhead the transition to a sustainable, green economy in the region”
We are dedicated to pioneering innovative carbon solutions with the highest standards of integrity and transparency. By fostering a collaborative ecosystem, we aim to create shared value that benefits both the environment and the economy, ensuring a resilient and prosperous future for all stakeholders.”
our leadership
The Leadership Powering Market Progress
Fadi SaadehCEO
Erik RingvoldChief Business Development Officer, VCM
Saif Al-MansourChief of Staff
Rohan Bin ShamsHead of Marketing and Communications
Areej AlMeshariHuman Resources Director, VCM
Anas AlGhannamFinance and Accounting Director, VCM
Bernard KioreGovernance & Risk Director, VCM
Abdulrahman Al-MazroaDirector of Procurement, VCM