Decade of (in)action: Are corporate 2030 climate plans fit for purpose?

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.

Open letter on the use of carbon credits to meet scope 3 GHG targets

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 …

Decade of (in)action​: Are corporate 2030 climate plans fit for purpose?

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 …

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Checklist and template for effective beyond value chain mitigation action (condensed version)

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 …

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Checklist and template for effective beyond value chain mitigation action (full 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 …

Cause and effect

Correlation or causation: Is there a link between carbon offsetting and climate ambition?

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.

Carbon Market Watch welcomes EU ban on “carbon neutrality” greenwashing

Companies selling in the European Union will no longer be able to claim that their products are carbon or climate neutral, the EU has provisionally agreed. This victory against greenwashing corresponds to longstanding demands from climate campaigners to eliminate the use of offsets and send a signal to the voluntary carbon market.