Chestnut Carbon, a leading developer of nature-based carbon removal solutions, has announced the successful issuance and sale of more than 64,000 Improved Forest Management (IFM) carbon credits through its conservation membership programme, Forest Carbon Works.
The credits, equivalent to over 64,000 tonnes of carbon removal, were purchased by multiple corporate buyers, including JPMorgan Chase, generating $2.2 million in transactions.
Forest Carbon Works, Chestnut’s US-based IFM membership programme, enables private forest owners to participate in income-generating carbon markets while preserving their land’s ecological integrity. As of February 2025, the programme has enrolled more than 150,000 acres across 36 states.
The credits are certified through Verra on the voluntary carbon market (VCM) and undergo rigorous third-party audits to ensure credibility. Chestnut’s conservative methodology ensures high additionality and durability, setting its credits apart from many other IFM projects currently available.
“We’re extremely proud to bring this issuance of IFM carbon removal credits to market,” said Ben Dell, CEO of Chestnut Carbon and Managing Partner of Kimmeridge. “The high quality and integrity of our product offering is reflected in the premium pricing we’re receiving for our credits.”
This milestone highlights the growing demand for high-integrity carbon removal solutions as corporations seek credible pathways to sustainability and net-zero commitments.
