Carbon offsets

VCMI to launch consultation on use of carbon credits for Scope 3

Standard-setters’ exploration of Scope 3 decarbonisation flexibility has rekindled the debate around the corporate use of carbon offsets.

Melodie Michel

23 July 2024

Climate litigation

Climate groups drop lawsuits seeking stricter climate disclosures to support SEC against anti-ESG challenges

Sierra Club and NRDC will focus their resources on “advocating for improvements to climate-related financial disclosures” outside of court.

Melodie Michel

05 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

Transition Planning

Vodafone plans to halve Scope 3 emission in just four years

The company’s value chain emissions have increased by 20%, or more than 1 million tonnes, since 2020.

Melodie Michel

28 May 2024

Climate Targets

Sage validates 2040 net zero target

A large part of Sage's decarbonisation strategy involves migrating customers to the cloud.

Melodie Michel

22 May 2024

Climate Targets

Levi Strauss strengthens Scope 3 target, hopes to drive apparel supply chain cooperation

The new 42% reduction target should lower the brand’s Scope 3 footprint by nearly 1 million tonnes.

Melodie Michel

20 May 2024

Sustainability Reports

AI-driven data centre expansion threatening Microsoft’s climate targets

Microsoft's capital goods emissions went up by almost 2 million tonnes last year.

Melodie Michel

16 May 2024

Climate Targets

Gap Inc. still seeking SBTi approval of net zero target after having ‘commitment removed’

The group has reduced Scope 1 and 2 emissions by 77% and Scope 3 emissions from purchased goods by 16% from a 2017 base year.

Melodie Michel

03 May 2024

Sustainability Reports

Mondelez reports emissions reductions across all scopes, unveils new SBTi targets

Almost three quarters (73%) of Mondelez’ carbon footprint comes from raw materials, with cocoa and dairy as the main culprits.

Melodie Michel

16 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