NET ZERO
“INVESTORS LIKE US ARE ANALYSING CORPORATE CLIMATE COMMITMENTS VERY CLOSELY , AND WE WANT TO SEE THAT CLAIMS OF EMISSIONS REDUCTIONS USING OFFSETS ARE ACTUALLY TRUE ”
ANDREA RANGER SHAREHOLDER ADVOCATE , GREEN CENTURY FUNDS
bought with good intentions . The people we ’ re working with definitely didn ’ t go out there thinking these are controversial . I think there was a lot of confidence in the fact that we ’ re doing the right thing because they come from credible organisations .”
Although carbon offsetting seems like a good idea at first glance , it ’ s vital that companies undertake in-depth research into the on-site realities of the projects their carbon credits are paying for . Unless it ’ s evident that these investments are having a positive impact on the environment and surrounding societies , then corporations large and small should consider whether they ’ re using the practice of carbon offsetting as a force for good , or as an excuse to wipe their carbon-producing conscience clean .
126 December 2023