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23 August 2024 / Quick Take
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Copy LinkThe percentage of Russell 3000 public companies disclosing carbon offset use increased from 10% in 2021 to 26% in 2023. Among S&P 500 companies, nearly 60% reported using offsets in 2023, up from 37% in 2021. Carbon offsets, or carbon credits, are financial instruments that allow companies to balance their emissions by investing in projects, such as renewable energy or forest conservation, that reduce or remove emissions elsewhere.
As companies work toward reducing their emissions and meeting ambitious climate targets, carbon offsets will be vital for many industries. To maximize their impact, companies should:
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