Patch is the platform accelerating climate solutions with integrity. Patch technology enables organizations to buy, manage, and sell carbon credits with efficiency, transparency, and rigor — strengthening trust in carbon markets and climate solutions. With that trust, companies can achieve their climate goals, project developers can scale their solutions, and the planet can be put on a path back to balance.

Patch takes a technology-led approach to scaling climate solutions. For carbon credit suppliers, Patch CarbonOS is the leading software platform modernizing the way they manage, sell, and deliver their credits, so they can build trust with buyers and scale with integrity. For buyers, Patch aggregates projects from across the voluntary carbon market (VCM) into one platform, with rich data and industry-leading vetting, to streamline sourcing high-integrity credits. Patch’s platform also helps climate ecosystem partners — from carbon accounting platforms to sustainability consultants — to scale demand for high-integrity credits in their client bases. That’s how Patch unifies the VCM to scale funding for climate solutions.

Patch unifies sellers and buyers in the VCM, enabling them to operate with more integrity. Their digital carbon marketplace provides access to a range of vetted carbon credits across multiple technology types, price points and regions, accessible through: direct purchases, multi-year off-take agreements, or by digital transaction using the Patch API.

Patch has built-in solutions for both buyers and sellers of carbon credits:

SELLERS

• CarbonOS is an operating system for suppliers to manage their operations. The platform allows sellers to log in data for the lifecycle of their carbon credit projects and increase confidence from the buyers side, by providing transparent data.
  • CarbonOS can also be branded according to the sellers marketing to improve user experience.
  • The platform also provides an easy-access dashboard to share with stakeholders and internally to show sell and delivery progress.
  • Sellers also get recommendations from Patch to improve their sales.
  • The platform gives sellers a credit overview of estimated credits that can be generated from a project, their eligibility to sell and which of those credits have been reserved, sold and delivered.
  • Lastly, CarbonOS, allows sellers to consolidate project(s) data to de-risk selling while also allowing sellers to centralize invoicing if desired.
  • Radius: Radius supports to build a curated climate action platform for small and medium companies that extends access to carbon credits throughout their network of suppliers, clients, partners, or subsidiaries. The objective is to scale sales without scaling resources.

BUYERS

• Carbon access platform: enables corporate buyers to access and make direct purchases through a diversified portfolio of carbon credits (over 75 developers across 23 tech types), with built-in assurances to enhance confidence.
  • * Patch offtake: intended to be multi-year, the offtake product enables buyers to secure carbon credit access in a supply-constrained market and supports project developers to scale their technology. These agreements usually have a minimum duration of 3 years and up to 10 years, and allow the generation of diversified portfolios.
• Advisory service: Patch will offer their users who are buying credits, a strategy to develop a portfolio and executed with the project developers that best fits their needs or only a channel for execution in the case the buyers have their own strategy in place.

Patch generates revenue through:

• Payment processing fees paid by supplier using their payment products.
• Marketplace Order management fee (% of order) charged to the buyer.
• Subscription fee (if a supplier is using CarbonOS).
• Consulting services and advisory fee priced depending on the project

Patch is focused on climate projects that are vetted by their dedicated team through what they call their Project Acceptance Criteria. They also consider ratings and reviews from third-parties like BeZero and Sylvera. The methodology that Patch uses is proprietary and aligned with leaders in the Voluntary Carbon Market like ICVCM and VCMI standards. In addition to rigorous project vetting in accordance with industry best practices from ICVCM, VCMI, and SBTi, Patch provides transparent data and expert guidance to help clients build diversified portfolios, and protection against delivery risk. Their team of climate and policy experts regularly convenes and engages with standards bodies, certifiers, policymakers, ratings organizations, and other industry players, together shaping the future of the VCM.

Patch supports the scale up of projects through large purchasing agreements, and multi-year offtake agreements while enabling the Voluntary Carbon market to be more transparent and prices trends.

Carbon credit projects portfolio

• Among Patch portfolio for selling, 70% accounts for Nature based solutions (NbS) and the rest correspond to engineered developers.
• Nature based solutions and biochar are the most demand types of projects from buyers.

Project transparency and certainty

Patch takes a multi-layered approach to minimize risk to buyers and maximize funding toward as many climate solutions as possible. Their Project Acceptance Criteria is aligned to international best practices from organizations like ICVCM. This provides a solid, scientific baseline for integrity.

There are three acceptance criteria:

• Verification and validation requirements: all projects require a general verification and validation process accounting for a scientific methodology, a project design document for issuing carbon credits, project's outcomes, are all three of above been verified by a qualified third-party reviewer and project's credit issuances and retirements are or will be publicly tracked on a single registry.
• Additional eligibility requirements: additional eligibility requirements aim to be responsive to changes in the market. Some of the criteria used here are: project must attest that it complies with local laws and regulations, it must be in compliance with the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) Sanctions and Embargo Programs and other applicable international sanctions and credits are of a vintage at most 5 years before the current calendar year.
• Supplier requirements: to hold carbon credit suppliers accountable - from small start-ups to international aggregators. Suppliers are required to disclose which activity they actually develop (project developer, project management, project financing, among others). Besides, projects must adhere to the ICVCM Core Carbon Principles (validated as part of a supplier's project design requirements).

On top of that, Patch also offers:

• Transparent Project Data that includes the project overview, certification (e.g.: Verra) / methodology followed, and the rating obtained by the project from Sylverra or BeZero. The full reports are not available on Patch platform and need to be purchased separately to the rating bodies.
• Protection against non-delivery. In the case of credit non-delivery (where a project is unable to deliver the credit purchased), Patch works with to secure replacement credits at no additional cost to the customer.

Partnerships

• Patch works with the World Economic Forum's Global Innovators Community. Through this partnership, Patch provides input into the Forum’s Centre for Nature and Climate agenda, shares their market insights, and engages with public and private sector leaders to scale high-integrity climate solutions.

• Patch has partnered with Puro.earth to integrate the Puro Registry into Patch’s marketplace and credit management software using the Puro Connect API. Puro.earth project developers now have streamlined access to Patch’s buyer network, meaning more buyers can now access Puro.earth’s CO2 Removal Certificates (CORCs).

Patch solutions are intended for both sellers and buyers:

• Buyers. This encompasses companies seeking to purchase carbon credits and hence account for the carbon emissions resulting from their operations. Examples include private equity funds, banks, technology companies, aviation, and energy.
• Sellers. Sellers include both small and large project developers, carbon credit aggregators and any other organizations selling carbon credits.

The carbon credits offered through Patch for buyers to purchase include both Nature-based (reforestation, afforestation, enhanced rock weathering, etc.) credits as well as engineered ones (DAC, ocean CDR, Biochar, Concrete injection, etc).