The new report from Forest Trends' Ecosystem Marketplace dismisses the myth that companies purchase carbon offsets simply to avoid taking responsibility for their contributions to climate change. According to The Bottom Line: Taking Stock of the Role of Offsets in Corporate Carbon Strategies, companies that include offset purchases as part of their carbon management strategies are more environmentally proactive than their non-offsetting counterparts. The new report supported by south pole group analyses the public submissions of over 1,880 corporates to the CDP (formerly known as the Carbon Disclosure Project) on their climate-related activities in 2012 and 2013.
The report compares companies that purchased carbon credits for offsetting and those that did not. Key takeaways from the report include the following:
Corporate efforts to mitigate the impact of carbon emissions from their direct operations and supply chains have started to gain increasing prominence in the lead-up to the international climate talks that begin on November 30th in Paris, France. Carbon offsetting can support corporate mitigation goals in several ways: for some companies, offsets are a way to neutralise the carbon footprint of a product after exhausting all other means of cutting emissions.