Latest news and publications
Credit where it is not due: No proven connection between the use of carbon credits and climate ambition
A review of existing studies finds that there is insufficient evidence to support the hypothesis that corporate investments in the voluntary carbon market increase a company’s climate ambition.
No corporation gets top marks for its climate strategy – report
Amid soaring emissions, not one of the corporations evaluated in the latest Corporate Climate Responsibility Monitor received a clean bill of health for its climate strategy, though some isolated improvements occurred. This highlights the vital importance of governments stepping up to better regulate the climate action of the private sector.
Fashionably late: Better-fitting climate strategies but fashion sector still needs to roll up its sleeves – report
With H&M Group at their helm, some of the world’s largest clothing companies are belatedly improving their ill-fitting climate strategies, but none have refashioned their business model along sustainable lines, according to the latest Corporate Climate Responsibility Monitor. Shein came bottom of the league due its failure to take any meaningful action.
Logic errors: Energy-hungry tech sector veers off sustainable climate path, despite its claims – report
Some of the world’s best-known tech giants are emitting more while presenting climate targets that cause a system error due to outdated accounting rules and the voracious appetite for energy of artificial intelligence (AI), according to the latest Corporate Climate Responsibility Monitor. Fixing this requires a major reboot of their climate strategies.
FIFA’s Club World Cup kicks climate and social concerns into the long grass
FIFA’s latest grand tournament, the month-long Club World Cup has kicked off in the USA. The expanded 32-team games flex the football industry’s money making power, while spotlighting its disregard for people and planet.
Cream of a disappointing crop: Danone makes greatest climate progress of slow-moving agrifood corporations – report
Despite some good initiatives, the climate strategies of top food and agriculture corporations are not cutting the mustard, according to a preview of the Corporate Climate Responsibility Monitor. Danone ranks highest among the assessed companies, while JBC and PepsiCo are bottom of the class.
Spillover: Shell and TotalEnergies’ expansive roles in the voluntary carbon market
Major oil and gas companies Shell and TotalEnergies are not simply participating in the voluntary carbon market, they have embedded themselves across its value chain, from developing and trading credits to buying them at enormous scale. While remaining among the world’s largest emitters, they are positioning carbon credits as a climate solution when in reality they serve as a smokescreen for inaction, enabling continued fossil fuel production alongside claims of progress towards climate targets.
Carbon Market Watch’s submission to the public consultation on the draft UNIDROIT principles on the legal nature of verified carbon credits
Carbon Market Watch’s submission to the public consultation on the draft UNIDROIT principles on the legal nature of verified carbon credits
Stop in the name of law: How litigation is challenging offsetting claims
Carbon credits have long allowed companies to claim that their products or services are “carbon neutral” by relying on mitigation projects elsewhere in the world.
