Tag: carbon offsetting

• New VCMI guidance risks justifying carbon offsetting and delaying real corporate climate action, NGOs say

  Press release | In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their Scope 3 emissions are off track to reach their commitments. NGOs including ECOS, NewClimate Institute, Carbon Market Watch and Milieudefensie have critiqued the guidance, saying that carbon credits must not replace direct emissions reductions.

• Joint statement – 80+ civil society organisations reject the use of carbon offsets

  More than 80 leading civil society organisations, including ECOS, have issued a joint statement rejecting the use of carbon offsets to meet corporate climate targets. We call on accounting bodies like the Science-Based Targets Initiative (SBTi) and the Greenhouse Gas Protocol to continue excluding offsets and stick to scientifically-sound methodologies for tracking corporate climate efforts.

• ISO Net Zero Guidelines vs. ISO carbon neutrality standard – a contradictory approach to net zero

  Companies that make no changes to their usual practices but claim their products or operations are climate neutral by buying carbon offsetting credits are greenwashing. The European Union recently took the same stance with new rules on green claims and empowering consumers. Our report reveals that a leading international standard rubberstamps practices that contradict these laws and are not aligned with the goals of the Paris Agreement.

• Climate neutrality standard could add to greenwashing toolkit despite EU ban on misleading claims, new report shows

  Press release | Companies that make no changes to their usual practices but claim their products or operations are climate neutral by buying carbon offsetting credits are greenwashing – plain and simple. The European Union recently took the same stance with new rules on green claims and empowering consumers. A report from environmental NGO ECOS [1] reveals that a new international standard rubberstamps practices that are in contradiction to these laws and are not aligned with the goals of the Paris Agreement [2].

• EU targets greenwashing with Empowering Consumers Directive that bans misleading climate claims based on offsetting

  The EU’s Empowering Consumers Directive [1] will prohibit climate claims that are based on carbon offsetting – successfully achieving its goal of empowering consumers to make environmentally sound decisions. Until now, companies have been able to potentially mislead consumers with claims based only on offsetting. This legislation will be a significant measure against greenwashing.