According to a recent LinkedIn post from Chloris Geospatial, the company’s geospatial data has been used by MSCI Carbon Markets to analyze above-ground biomass, or AGB, trends in mangrove carbon projects. The post highlights that mangroves store substantial belowground carbon, which is difficult to measure directly, positioning AGB as a practical proxy for assessing project performance.
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The post notes that MSCI’s analysis found nearly one-third of assessed projects may underestimate AGB relative to credit issuances, implying potentially conservative credit accounting. It also indicates that over 20% of projects show declining aboveground carbon stocks since inception, raising questions about the durability of climate benefits in parts of the mangrove credit universe.
For investors, the collaboration with MSCI suggests growing third-party validation and use of Chloris Geospatial’s datasets in carbon market due diligence and risk assessment. If adoption of AGB-based benchmarks expands, Chloris could strengthen its role in environmental data infrastructure for blue carbon and nature-based solutions, potentially supporting demand for its analytics among asset managers and project developers.
The emphasis on observable AGB trajectories as a benchmark may also align Chloris Geospatial with emerging regulatory and voluntary standards seeking higher integrity in carbon credits. This positioning could enhance the company’s competitive standing in climate data services, though revenue implications will depend on the scale and commercialization of such analytical partnerships over time.

