iCR Mandates MSCI Ratings and Kita Risk Assessments for Carbon Projects

For years, carbon credit buyers have struggled with fragmented due diligence, often leading to market confusion and inconsistent quality standards. The new integrity stack at iCR mandates that every registered project undergoes independent evaluation alongside traditional third-party verification. This shift moves quality and risk assessment from optional add-ons to core components of the registry’s workflow.

Project developers gain a clearer path to capital markets by providing investors with legible, standardized data on additionality, permanence, and delivery performance. For buyers, the move offers a consistent benchmark for portfolio construction and procurement. By separating registry governance from market evaluation, iCR utilizes MSCI to provide quality ratings and Kita to assess financial-grade risk—with the latter offering optional insurance eligibility for those seeking added security.

Founding members of the registry, including COO Oli Torfason and founder Gudmundur Sigbergsson, emphasize that this infrastructure is designed to build a continuous, auditable chain of trust. By aligning registry operations with the requirements of insurers and structured finance, iCR intends to restore confidence in carbon markets, ensuring that every credit issued reflects a verified, high-integrity climate outcome.