Telstra moves away from carbon offsets to redirect investment in reduction
The decision was driven by increased scrutiny and changing consumer expectations, says CSO Justine Rowe.
Carbon neutral since 2020 through the purchase of carbon offsets, Australian telecom operator Telstra has decided to redirect its offsetting budget towards carbon reduction projects.
As of July 1, 2024, the company will no longer be offsetting emissions from its operations, investing instead in accelerating its carbon reduction efforts. Alongside this announcement, Telstra also unveiled a newly increased 2030 target of cutting Scope 1 and 2 emissions by 70% (instead of 50%). Its 50% reduction goal for Scope 3 emissions remains unchanged.
