Compensating Business Emissions
A Carbon Offset certificate is a way to compensate for emissions by funding an equivalent carbon dioxide saving project.
Europe, North America, and China have implemented “cap-and-trade” systems to reduce such carbon emissions. The companies participating in these compliance systems have an obligation to reduce their carbon emissions. In addition to these compliance markets, companies set voluntary reduction targets.
Calculating and reducing emissions is vital in a sustainability-driven world, and Corporate Social Responsibility (CSR) reporting is a key driver for companies to reduce their carbon footprint. Through voluntary emissions offsets, such as Verified Emission Reductions (VERs), and reporting of Corporate Social Responsibility targets, this market is becoming ever more accurate and transparent.
STX has a deep understanding of the most recent market mechanisms and instruments available to help you reduce your GHG Scope 1, 2, and 3 Emissions.