In this joint statement, 80 civil society organisations, including Carbon Market Watch, express their opposition to the use of carbon credits for offsetting purposes and the recent move towards relaxing rules surrounding indirect scope 3 emissions, such as the recent controversy at the Science-based Targets initiative (SBTi). Climate targets must focus primarily on the reduction …
Read more “Why carbon offsetting undermines climate targets – Joint NGO statement”
As Euro 2024 kicks off, the tournament has been caught offside with some of its climate claims. UEFA must do better to tackle its carbon footprint.
As this year’s edition of the CCRM reveals, the median absolute emissions reduction commitments by 2030 for the 51 companies assessed was as little as 30% (and 33% at the most optimistic), whereas the world needs a 43% reduction in greenhouse gas emissions and 48% in carbon emissions below 2019 levels to limit the global temperature increase to 1.5°C.
This joint letter urges the Voluntary Carbon Markets Integrity Initiative (VCMI), the Science Based Targets initiative (SBTi) and the Greenhouse Gas Protocol to refrain from granting companies the “flexibility” to offset a portion of their scope 3 (indirect value chain) emissions. “This approach is counterproductive, and largely backed by actors with direct financial interests in …
Read more “Open letter on the use of carbon credits to meet scope 3 GHG targets”
9 April 2024 | 15:00 – 16:00 CET | ONLINE REGISTER HERE Major corporations around the world lay claim to being climate champions with their “net zero” pledges and “carbon neutral” products and services. But how seriously are these multinational companies tackling the climate emergency? Which are taking genuine green action, and which are engaged in …
Read more “Decade of (in)action: Are corporate 2030 climate plans fit for purpose?”
The European Parliament’s vote on a bill aimed at combating greenwashing upheld a ban on describing products as “carbon neutral” but failed to apply the same principle to companies.
This condensed template provides guidance on best-practice reporting for use by companies to communicate clearly how they contribute to climate action beyond their own value chains, the so-called “beyond value chain mitigation” (BVCM). This template is meant to be used as a complement to existing climate disclosure forms, which focus on companies’ within value-chain impacts …
Read more “Checklist and template for effective beyond value chain mitigation action (condensed version)”
The full version of this template provides guidance on best-practice reporting for use by companies to communicate clearly how they contribute to climate action beyond their own value chains, the so-called “beyond value chain mitigation” (BVCM). The template has the dual objective of complementing standard setters and voluntary frameworks as they integrate BVCM disclosure into …
Read more “Checklist and template for effective beyond value chain mitigation action (full version)”
Progress on corporate climate claims and new guidance from the Science-Based Targets Initiative (SBTi) could help ensure that carbon credits are used more for green action than greenwashing inaction.
A spate of recent studies are being used to claim a causal link for companies that offset their emissions between their use of carbon credits and their rate of internal decarbonisation. However, the available evidence tells a different story about whether or not companies exploit carbon markets as a licence to pollute.
