SMOG - Concerns surface over carbon offsets: Rubbish or really important?
Many companies are turning to carbon offsets to help meet their "net-zero" pledges, but tallying that data can be tricky. It gets even more complicated with regulatory reporting requirements of greenhouse-gas emissions, which are increasingly being seen in Europe and the U.S. Already, the SEC is working on a potential climate-disclosure regulation and some 90% of companies in the S&P 500 currently produce sustainability reports. ESG investing and the subjectivity surrounding it. Quote: "You have people saying some of these things [carbon offsets] are rubbish and other people say no, they're really important," said Thomas Lingard, Unilever's sustainability director. "It's super confusing to people and that can’t be the desired state for a world that is rapidly trying to deal with the climate crisis." The most widely-used international framework is the Greenhouse Gas Protocol, which divides greenhouse gas emissions into three categories. Those resulting from company operations are called Scope
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Concerns surface over carbon offsets: Rubbish or really important?