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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

Among the limited accomplishments of COP29 last week was the approval of a long-awaited and controversial global framework for carbon offsets. Others warned that the agreement doesn't fix big mistakes that carbon trading has made in the past. At least one major international bank, HSBC, is voting with its feet.

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How to fix the broken carbon-offset system

Corporate Knights

In March, Jim Hourdequin, the CEO of Lyme Timber – one of the world’s largest suppliers of carbon offsets to companies like Chevron – admitted that lax standards have allowed his forestry company to earn US$53 million over the past two years without making significant changes to business as usual.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating. Tue, 10/13/2020 - 00:46.

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Fifth Third Bank Makes BLINK Festival Carbon Neutral in Cincinnati

3BL Media

DESCRIPTION: Joining with Cincinnati Mayor Aftab Pureval and representatives from Duke Energy, the Cincinnati USA Regional Chamber and BLINK, Fifth Third Bank announced on Sept. 29 that is measuring the carbon impact and providing verified carbon offsets for the lighting installations at BLINK, Illuminated by ArtsWave, in Cincinnati.

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AB: Are Carbon Offsets the Next ESG Investing Frontier?

3BL Media

Carbon offsets occupy a relatively small space on the spectrum of environmental, social and governance (ESG) issues. But as more countries and companies commit to net-zero carbon emissions goals, they’re steadily gaining attention from investors as a tool to accelerate carbon reductions. Quality Control Still Has Gaps.

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The Wild West of plastic credits and offsets

GreenBiz

Thanks to the rise in plastics pledges, an emerging and undefined market for plastic offsets is just beginning to take shape. And, much like the market for carbon offsets, it’s messy. . The new term "plastic neutrality" is being used to convey that a company has offset its "plastic footprint.". Given that U.S.

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Land Betterment Corporation Hires Senior Executive, Jessica Medeiros Garrison, as President of the Land Betterment Exchange

3BL Media

Jessica is a seasoned business executive and attorney focused on the high value strategic direction of the innovative Land Betterment Exchange Carbon Offset Blockchain platform. These priorities created the pivotal moment in the creation of the Land Betterment Exchange Carbon Offset program. DESCRIPTION: FISHERS, Ind.,