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Corporate Social Responsibility
News
12.19.2006 - 08:37pm ET
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BSR and Ecosystem Marketplace Publish "Offsetting Emissions: A Business Brief on the Voluntary Carbon Market"
(CSRwire) SAN FRANCISCO, CA – December 19, 2006 – Business for Social
Responsibility (BSR) has teamed up with The Ecosystem Marketplace to issue
a new report for companies considering the purchase of voluntary offsets
for their greenhouse gas emissions. Offsetting
Emissions: A Business Brief on the Voluntary Carbon Market offers clear
steps that guide early assessments and enable corporate decision makers to
become educated consumers in voluntary carbon markets.
According to the report, global carbon markets have doubled in size over
the past year. Current estimates place regulated markets at US$21.5
billion and voluntary markets at about US$100 million for the first three
quarters of 2006, and the prospects for continued growth in carbon markets
are strong. The reason is simple: companies are increasingly entering the
voluntary carbon market. American Electric Power, Ford Motor Company,
HSBC, Google and DuPont are all engaging in voluntary markets to offset
their emissions.
Offsetting Emissions outlines procedures and resources for exploring the
range of market opportunities, assessing risks, evaluating costs and
sellers, communicating your company’s actions, and more. To download a
copy, visit www.bsr.org.
For more information on the voluntary carbon market, read Voluntary
Carbon Markets: An International Business Guide to What They Are and How
They Work by Ricardo Bayon, Amanda Hawn and Katherine Hamilton
(London, UK: Earthscan, 2006), which is available for purchase at shop.earthscan.co.uk
. For details about designing corporate climate strategies, refer to
BSR’s A
Three-Pronged Approach to Corporate Climate Strategy, which can
also be downloaded at www.bsr.org.
About BSR
Since 1992, Business for Social Responsibility (BSR) has been providing
socially responsible business solutions to many of the world’s leading
corporations. Headquartered in San Francisco, with offices in Europe and
China, BSR is a nonprofit business association that serves its 250 member
companies and other Global 1000 enterprises. Through advisory services,
convenings and research, BSR works with corporations and concerned
stakeholders of all types to create a more just and sustainable global
economy. For more information, visit www.bsr.org.
About the Ecosystem Marketplace
The Ecosystem Marketplace (EM) is the world’s leading source of
information on markets and payment schemes for ecosystem services, such as
water quality, carbon sequestration and biodiversity. The EM believes that
by providing solid and trustworthy information on prices, regulation,
science and other market-relevant issues, markets for ecosystem services
will one day become a fundamental part of our economic and environmental
system, helping give value to environmental services that have, for too
long, been taken for granted. For more information, visit www.ecosystemmarketplace.com.
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