background image

Drop carbon offsetting-based environmental claims, companies urged

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece here in The Guardian or enjoy below

🗞 Driving the news: A new quality standard by the Voluntary Carbon Markets Integrity Initiative (VCMI) advises companies to abandon offsetting-based environmental claims and embrace a “climate contribution” model instead
• Companies are urged to disclose their annual emissions, show they are meeting a science-based target in line with the Paris Agreement, and use carbon credits only to aid climate mitigation

🔭 The context: This shift comes amidst criticisms of greenwashing in the carbon offset industry, VCMI urges companies to source high-quality credits, validated by ICVCM, which is soon to detail what 'good' carbon credit entails

🌏 Why it matters for the planet: Claims of carbon neutrality using offsets have been contentious, leading to lawsuits and proposed regulation 
• This shift to a 'climate contribution' model aims to provide clarity, consistency, and prevent misleading climate claims that can harm both businesses and the environment

⏭️ What's next: Several organizations, including Nestlé's KitKat, fast-food chain Leon, and Albert (the UK film and TV industry's sustainability certification under Bafta), are distancing themselves from "carbon neutrality" claims based on offsets
• These companies are opting for more direct emissions reductions in their operations

💬 One quote: "We frame the use of carbon credits our companies might make as contributions above and beyond what they should be doing to decarbonise themselves," (Mark Kenber, executive director of the VCMI)

Click for more news covering the latest on Environmental Sustainability

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)