Carbon Credit Ratings and Market Integrity: A Conversation on the Calyx Global Case
Climate Rising9 Huhti 2025

Carbon Credit Ratings and Market Integrity: A Conversation on the Calyx Global Case

In this bonus episode of Climate Rising, we share an episode from Harvard Business School’s Cold Call podcast, featuring HBS professor Mike Toffel and Duncan van Bergen, Co-Founder of Calyx Global. The discussion focuses on Mike’s recent HBS case study, Calyx Global: Rating Carbon Credits, which explores how the company is helping improve transparency and credibility in the voluntary carbon market. Mike and Duncan join host Brian Kenny to unpack how Calyx Global evaluates carbon credit quality, how the company maintains independence in a space vulnerable to conflicts of interest, and how data and technology—from satellite sensing to AI—are transforming how carbon credits are verified and rated. The conversation also highlights key themes in the voluntary carbon market, including the tension between financial models and credibility, the challenges of measuring impact, and the broader implications for corporate climate action.

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Climate Risk Meets Finance: Modeling the Future of Real Estate with First Street

Climate Risk Meets Finance: Modeling the Future of Real Estate with First Street

As climate risks intensify, understanding their financial implications is becoming critical for businesses, investors, and homeowners alike. Ed Kearns, Chief Science Officer at First Street, joins Cli...

29 Huhti 43min

Patagonia Provisions: Regenerative Organic Agriculture and Reimagining the Food System

Patagonia Provisions: Regenerative Organic Agriculture and Reimagining the Food System

Patagonia Provisions General Manager Paul Lightfoot joins Climate Rising to discuss why Patagonia expanded beyond apparel into food, and how regenerative organic agriculture is central to its mission ...

15 Huhti 38min

VF Corporation: Scaling Regenerative Materials Across Global Apparel Supply Chains

VF Corporation: Scaling Regenerative Materials Across Global Apparel Supply Chains

Alyse Russel, Senior Manager of Global Sustainability Programs at VF Corporation, joins Climate Rising to discuss how one of the world’s largest apparel companies is embedding sustainability across a ...

1 Huhti 34min

Agreena: Regenerative Agriculture, Data, and Carbon Markets

Agreena: Regenerative Agriculture, Data, and Carbon Markets

Simon Haldrup, founder and CEO of Agreena, joins Climate Rising to discuss how regenerative agriculture can scale beyond early adopters by focusing on farmer economics, data-driven decision-making, an...

18 Maalis 45min

Scaling Regenerative Agriculture and Carbon Markets with Indigo Ag’s A.J. Kumar

Scaling Regenerative Agriculture and Carbon Markets with Indigo Ag’s A.J. Kumar

Indigo Ag is one of the most active companies at the intersection of agriculture, carbon markets, and regenerative agricultural practices. A.J. Kumar, Vice President of Sustainability Sciences at Indi...

4 Maalis 1h 2min

Regenerative Agriculture at Scale with Tom Brennan at McKinsey - Part 2

Regenerative Agriculture at Scale with Tom Brennan at McKinsey - Part 2

Tom Brennan, a partner at McKinsey & Company, joins Climate Rising to unpack what regenerative agriculture means in practice and why it is increasingly central to conversations about climate resilienc...

18 Helmi 26min

Regenerative Agriculture at Scale with Tom Brennan at McKinsey - Part 1

Regenerative Agriculture at Scale with Tom Brennan at McKinsey - Part 1

Tom Brennan, a partner at McKinsey & Company, joins Climate Rising to unpack what regenerative agriculture means in practice and why it is increasingly central to conversations about climate resilienc...

4 Helmi 30min

How Amazon Approaches Carbon Markets and Climate Neutralization

How Amazon Approaches Carbon Markets and Climate Neutralization

Jamey Mulligan, Head of Carbon Neutralization Science and Strategy at Amazon, joins Climate Rising to share how Amazon is tackling its net-zero climate goals, particularly through its engagement in th...

21 Tammi 49min

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