More Public Companies Are Using Carbon Offsets to Meet ESG Goals
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More Public Companies Are Using Carbon Offsets to Meet ESG Goals

23 August 2024 / Quick Take

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Trusted Insights for What’s Ahead®™

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:

  • Set clear objectives: Define goals for offset use, such as covering unavoidable emissions or achieving a specific percentage of overall emissions.
  • Ensure additionality: Use offsets that deliver verifiable emissions reductions that would not have occurred without the project, while meeting recognized standards.
  • Conduct rigorous due diligence: Thoroughly vet projects and regularly monitor them, including conducting site visits, to ensure effectiveness. Engage third-party auditors accredited by the chosen certification standard to verify that claimed reductions are real, measurable, and additional.

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Author

Andrew Jones, PhD

Andrew Jones, PhD Andrew Jones, PhD

Senior Researcher, ESG Center
The Conference Board

Read Bio

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