CORCs can be utilized to neutralize carbon emissions and reported in a sustainability or annual report, or they can be resold. If you want to use them to neutralize emissions then the certificates need to be immobilized so their ownership cannot be changed anymore. In our rules, this is called “cancelling” and means the same as retiring or activating the CORC. These CORCs are no longer tradable and onward sale of the indicated certificate numbers is prohibited.
In order to activate your CORCs you need to tell us the beneficiary of the CORCs, purpose, and the emissions period and location. You will receive an official diploma stating you have neutralized your emissions with carbon removal and the following information:
- name of the beneficiary
- amount of tonnes that were neutralized
- name of the carbon removal supplier
- carbon removal method
- date of payment
- tracking numbers of the CORCs
- a public link to the registry cancellation statement
You can use the diploma in your sustainability reporting and corporate communications. You may activate CORCs in your account for different beneficiaries.