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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. The shutdown is a sign that buyers and traders have cooled on carbon offsets.

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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.

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Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future

GreenBiz

Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future. billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. . billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. .

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Qualcomm's Commitment to Net-Zero Global Operational Emissions by 2040

3BL Media

In November 2021, we were proud to publicly announce our goal to achieve net-zero global emissions across our value chain by 2040, joining more than 2,000 businesses around the world committed to the Science Based Targets initiative (SBTi). What does it mean to achieve net-zero? Why 2040 vs 2050? Why set interim goals?

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Breakthrough International Agreement Reached at COP29 to Advance Global Carbon Market

ESG Today

Delegates at the ongoing UN Climate Change Conference (COP29) achieved an important breakthrough on the first day of the event in Baku, Azerbaijan, reaching consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement, key for advancing the establishment and growth of a global carbon market.

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3 big trends headlining a tumultuous year in food

GreenBiz

How about June, when Unilever committed to zeroing-out emissions from all its products by 2039 ? billion over the next five years as it moves toward a 2050 net-zero target? dairy brand that committed to going carbon-negative by 2025 ? If so, should we be building an offsets market around soil credits?

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Tima Bansal on How Nature-Based Solutions Are Taking Businesses Beyond Net Zero

3BL Media

Companies looking to incorporate sustainability into their businesses are finding the conventional models of environmental investing, such as ESG and carbon offset programs, no longer meet their needs. Beyond net zero. But as more companies move toward net zero, many are hitting a limit on available offsets to purchase.

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