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International Business Leaders Speak Out on Carbon Offsetting

International Business Leaders Speak Out on Carbon Offsetting

Published 12-02-15

Submitted by ClimateCare

Nine businesses, including Aviva, Sky, Fuji Xerox and DPD, have joined the UN’s Christiana Figueres to speak out about the benefits of offsetting carbon emissions, at this week’s climate negotiations in Paris.

In a video released today, the companies explain why offset strategies are good business sense, the challenges and opportunities their approach has created, and why they believe it has made a difference. Companies throughout the world, including Microsoft, Jaguar Land Rover and Marks and Spencer have adopted carbon-offset approaches to enable them to go beyond the reduction targets they could achieve through internal change.

“We believe that now, more than ever, offsetting has a crucial role to play both for business success and for global greenhouse gas reduction targets,” explains Sophy Greenhalgh, Programme Director of the International Carbon Reduction Offset Alliance (ICROA) which produced the video. “We hope that by hearing about the business benefits of offsetting, others will be inspired to follow their leadership.”

This year’s global climate change negotiations in Paris have been unusual in recognising the role that business must play in meeting greenhouse gas reduction targets. Businesses are making a range of pledges and using carbon finance to offset emissions delivers an immediate response and can bridge the gap between internal reductions and meeting meaningful commitments.

Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change calls for action now to ensure a secure, stable climate for the future. She also identifies offsetting as a vital part of the solution set to meet global emission reduction goals in the video.

“Offsetting is a valid way to reduce global carbon emissions quickly and cost effectively,” says Figueres.

Recent research from Carbon Disclosure Project Data shows that business who offset also take the lead in reducing their carbon emissions with the typical offset buyer cutting almost 17% of their scope 1 direct emissions compared to non offset buyers who reduced emissions by less than 5% in the same year.

By supporting carbon-offset projects, businesses are investing in the local environment and communities, delivering positive impacts beyond the carbon reduction. While these ‘co-benefits’ vary by project, a market representative average was recently calculated by Imperial College London University at $664 for every tonne of carbon offset.

Watch the video and in depth interviews with each company and join the conversation at #offset.

To calculate and offset your carbon emissions through world leading projects, contact the ClimateCare team on +44(0)1865 591000.


Notes to editors:

http://www.icroa.org/25/about-us/

http://www.icroa.org/38/our-members/

http://www.workbrands.co.uk/

http://www.climatecare.org

 

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    ClimateCare is a Profit with Purpose business which works with forward-thinking organisations to help turn their climate responsibilities into positive outcomes. Since 1997, ClimateCare and its partners have cut over 33 million tonnes of COâ‚‚ and improved quality of life for more than 34 million people around the world.

    We have more than 20 years’ experience as a leader in the global carbon markets and climate change sector. We work with major public and private sector clients to fund sustainable development projects that reduce carbon emissions at scale, measurably increase quality of life and deliver towards the UN Global Goals. ClimateCare also advises on a range of climate change mitigation and adaptation subjects, from large scale implementation to national climate change policies.

    ClimateCare is currently ranked the number one B Corp in the UK - B Corp is a global movement of more than 2,500 purpose-driven companies that are using business as a force for good.

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