Carbon offsets

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.

Melodie Michel

18 June 2024

Policy & Standards

H&M Head of Sustainability ‘concerned’ about expanding carbon offset use within SBTi

“The decision weakens corporate climate pledges and makes real decarbonisation efforts within value chains less attractive.”

Melodie Michel

03 June 2024

Carbon market

Voluntary carbon market value down 61% as firms become wary of carbon offsets

This is the second consecutive year of contraction for the VCM, after a peak of nearly US$2 billion in 2021.

Melodie Michel

31 May 2024

CSO Futures Weekly

CSO Futures Weekly: ExxonMobil AGM deals a blow to activist investors

Sustainability proposals fail at Exxon, Vodafone's first transition plan and a big week for carbon removals...

Melodie Michel

30 May 2024

Policy & Standards

US government releases carbon offsetting principles, hopes to boost voluntary carbon market

The principles draw from other carbon market integrity guidelines from the ICVCM and VCMI.

Melodie Michel

28 May 2024

Carbon removals

Big Tech bets on carbon credits as AI climate impact grows

Nature-based projects to remove CO2 from the atmosphere are often criticised for exaggerating their positive impacts, but the Symbiosis Coalition hopes to raise quality standards.

Melodie Michel

27 May 2024

Carbon removals

Microsoft signs historic carbon capture deal to remove 3 million tonnes of CO2

Tech giant is betting heavily on carbon removals to achieve carbon negativity.

Melodie Michel

08 May 2024

Carbon offsets

Interface to repurpose millions of dollars of carbon offset investments towards CO2 reductions

As of April 30, the flooring firm will discontinue its carbon neutrality programme and go "all in" on carbon reductions.

Melodie Michel

24 April 2024

Policy & Standards

‘No change has been made’: SBTi clarifies carbon offset position amid backlash

Its own staff has called for those responsible for the “concern, confusion and damaged trust” to be held accountable.

Melodie Michel

15 April 2024

CSO Futures Weekly

CSO Futures Weekly: CDP CEO interview and a divisive SBTi statement

Sherry Madera on sustainability data for harmonisation, SBTi's new carbon credit position and more...

Melodie Michel

11 April 2024

Policy & Standards

EU Carbon Removal Certification Framework: Provisional deal leaves many gaps

The framework provides more clarity on how to generate credits from carbon farming but lacks greenwashing safeguards.

Melodie Michel

20 February 2024

Carbon market

2024 could be a make-or-break year for voluntary carbon market

“If buyers can’t trust the quality of the credits they’re buying and risk greenwashing accusations, then the market will never reach its potential."

Melodie Michel

13 February 2024