Chestnut Carbon and TD Bank Join Forces for Carbon Credit Solutions

Chestnut Carbon, a prominent company specializing in nature-based carbon removal solutions, has recently announced a significant collaboration with TD Bank. This agreement, lasting multiple years, involves the sale of Improved Forest Management (IFM) carbon removal credits to one of North America's largest financial institutions. The total carbon credits purchased will support TD Bank's operational emissions offset strategies and its broader climate initiatives.

The IFM credits provided by Chestnut represent authentic carbon removal sourced from privately-owned and at-risk forests throughout the United States. These credits are rigorously backed by a proficient team of foresters, carbon scientists, and land managers, all dedicated to conserving natural ecosystems and promoting the welfare of local communities. The implementations of Chestnut’s IFM projects are notable for enhancing air and water quality, protecting habitats for native wildlife, and bolstering climate resilience, particularly in rural areas that often face economic challenges.

Chestnut Carbon operates through its Forest Carbon Works membership program, which fosters collaboration with landowners across 37 states. This innovative program promotes multi-generational conservation efforts and offers a sustainable alternative to traditional timber harvesting. Instead of depleting forest resources, landowners engaging in this program can generate income through a novel revenue-sharing model within carbon markets. Such an approach not only preserves forests but also facilitates various community engagements—from hosting arts festivals to conducting peaceful nature walks.

Through this partnership, TD Bank commits to voluntarily compensating for greenhouse gas emissions incurred from its business operations, including travel. TD Securities intends to engage closely with Chestnut Carbon, leveraging its expertise to provide clients with access to these valuable carbon credits. This agreement aligns with TD Securities' wider Sustainable Finance Advisory platform, designed to assist clients as they transition toward a low-carbon economy through customized sustainability solutions.

Shannon Smith, Chief Commercial Officer at Chestnut Carbon, expressed pride in having TD Bank as a prominent buyer, noting that this partnership supports the advancement of TD’s decarbonization objectives. Smith stated, “By investing in our Improved Forest Management carbon project, TD is helping to fortify climate resilience and biodiversity. Our clients play a crucial role in aiding us to work with landowners, guaranteeing their forests are preserved for generations.”

Nicole Vadori, Vice President of Environment at TD Bank, also commented on the partnership, describing it as a reflection of the bank's commitment to investing in innovative, nature-based solutions that facilitate the transition to a low-carbon economy, not only for their operations but also for their clients. Vadori said, “We’re honored to partner with Chestnut Carbon, which exemplifies our support for carbon credit solutions that deliver benefits to both the environment and the communities hosting these projects.”

About Chestnut Carbon

Chestnut Carbon distinguishes itself as a leading developer of nature-based carbon removal credits, dedicated to expediting the journey towards net zero emissions across various industries. The company offers high-quality, U.S.-based forest carbon offsets that are both verifiable and additional, delivering impactful environmental solutions. Their tailored approach revolves around developing forest carbon offset initiatives on family-owned forests and marginal agricultural land. These long-term projects significantly reduce carbon emissions by fostering diverse forest ecosystems that enhance air and water quality while supporting local communities.

Chestnut's proficiency in this field comes from an experienced team whose backgrounds include fields such as forestry, carbon regulation, environmental science, finance, and land management. For further insights into Chestnut's innovative strategies and commitment to environmental stewardship, visit Chestnut Carbon’s official website.