Policy approval for CORSIA under Gold Standard

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The process for submitting insurance policies for approval

 

In July 2025, Howden was appointed by Gold Standard, the certification standard for climate and sustainable development, to approve insurance policies that support the eligibility of carbon credits for CORSIA – the global decarbonisation scheme for international aviation. Read more. 

 

Insurers wishing to submit a policy for review should follow the instructions below:

  1. Review Gold Standard's CORSIA Criteria for approved insurance or related instruments ('the Criteria') and Deed of Undertaking

  2. Ensure that the policy wording and supporting documents meet the Criteria

  3. Email [email protected] with your intention to submit

  4. Agree to Howden's T&Cs and engage them for the service

  5. Complete submission form and send policy wording, templates and supporting documents to Howden

  6. Howden to review the information and evaluate compliance with the Criteria

  7. Third-party reviewer to verify and validate Howden's assessment

  8. If the criteria are not met, Howden to provide feedback to the insurer

  9. If the criteria are met, Gold Standard to add approved provider to their Guidelines for CORSIA-eligible units

  10. Approved policies to undergo re-assessment annually and following any material change to the Criteria.

* Insurers wishing to challenge the outcome of the evaluation, should follow this process.

Gold Standard process for insurance review

Information for insurers

For any questions on the process or requirements please contact [email protected]

There are three documents to download:

  1. CORSIA Criteria for approved insurance or related instruments
  2. Gold Standard Guidelines
  3. Gold Standard Deed of Undertaking.

Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)

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Information for project developers and investors

Project developers seek insurance for carbon credits issued in line with CORSIA because it offers a layer of financial and regulatory assurance that enhances the credibility and marketability of their projects.

Political risk insurance, combined with a host country authorisation, is one route for project developers to seek eligibility of carbon credits for CORSIA. It provides protection against the risk of double counting, a strict eligibility requirement for carbon credits.

Products used to support CORSIA eligibility will protect against the risk that a host country government may renege on or reverse a commitment not to claim carbon credits toward their own national target under the Paris Agreement. In such cases, insurers will provide either alternative carbon credits or monetary compensation to support the project developer to replace double-counted credits.  Insurers may also offer policies that mitigate other risks, for instance related to credit invalidation, reversal, or non-delivery.

Approved policies are listed in Gold Standard's Guidelines for CORSIA-eligible units.

About Gold Standard

Gold Standard is an independent NGO committed to ensuring climate action delivers real impact. Its standard, Gold Standard for the Global Goals, allows climate and development initiatives to quantify, certify and maximize their impacts towards climate security and sustainable development. Certification against the standard provides the confidence that these results are measured and verified, enabling credible impact reporting. Read more