Allowing coal-fired power plants to generate carbon credits as a way of financing their early retirement sounds better in theory than it would work in practice if the proposed methodology from Verra were to be implemented. Verra must go back to the drawing board
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.
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
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
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the world’s best-known tech giants are emitting more while presenting climate targets that cause a system error due to outdated accounting rules and the voracious appetite for energy of artificial intelligence (AI), according to the latest Corporate Climate Responsibility Monitor.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
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.
An event presented to EU policymakers as presenting stakeholders perspectives on carbon farming credits was instead an industry sales pitch for offsetting. CMW’s Marlène Ramón Hernández gives us the inside scoop The professional service multinational Deloitte recently organised a workshop for the European Commission,
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.
In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct
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