Chestnut Carbon announced that it has issued the first U.S.-based improved forestry management (IFM) credits with Verra’s removals tag that differentiates reductions and removals in IFM projects (VT0015). As shared in the announcement, the project has issued 95,909 new credits designated as carbon removal credits in the Verified Carbon Standard (VCS) Program. Founded in 2022 by Kimmeridge, Chestnut Carbon develops and manages IFM projects that conserve and enhance biodiverse forest ecosystems through scientifically grounded, climate-smart forest management practices. Since its initial issuance, Chestnut has exclusively sold carbon removal credits from its IFM projects. These credits are issued solely for incremental CO2 sequestration that occurs from annual forest growth, materially reducing over crediting and headline risk. By successfully obtaining Verra’s new removals tag for its IFM project, Chestnut marks meaningful progress towards standardizing the identification of carbon removal credits.