Often the debate around credible climate action and corporate standards boils down to two sides: “for or against” carbon credits. The reality is—it’s not binary.
Our CEO Carter Roberts sat down with Simon Mundy from the Financial Times to talk about the role of business in the global energy transition. And it really comes down to three things: market transformation, market integrity, and simpler processes.
Corporates can make their greatest contribution to solving the climate crisis by investing in and reducing emissions in their value chains. This helps build resilience and continuity for their businesses while providing a durable transformation of the global economy.
Simultaneously, we need to build and grow a more credible voluntary carbon market with high integrity accounting. That includes:
📝Evidence of impact
🌳Projects that benefit climate, nature and local communities
🪙A fair carbon price that reflects the full costs of a high-quality intervention
While there is a lot of focus on carbon markets, most companies are just looking for simpler processes, easier target-setting methods, and practical, cost-effective measures. Together, these mechanisms allow companies to focus on the highest impact and most material emissions categories and invest in solutions – improvements that the Science Based Targets initiative (SBTi) and the Greenhouse Gas Protocol (GHGP) should support.
Thanks to FT Live for hosting a great conversation alongside David Blood, Mandi McReynolds, and Karen Pflug.