OxCarbon is a not-for-profit company, limited by guarantee, established in 2021 and spun-out by Oxford University Innovation. It seeks to promote innovation in climate impact projects that align with the Oxford Offsetting Principles.

OxCarbon seeks to create confidence in climate impact projects through a principle-driven approach supported by transparency and scrutiny from the academic peer review community. All surplus revenues generated by OxCarbon are used to support climate research, primarily at The Smith School of Enterprise and the Environment, University of Oxford.