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Your company is looking to reduce its carbon footprint. How can you find the best carbon offset products?

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Reducing your company's carbon footprint is not only good for the environment, but also for your reputation, customer loyalty, and cost efficiency. However, sometimes you may not be able to avoid or eliminate all your greenhouse gas emissions, especially if your business involves travel, manufacturing, or energy use. That's where carbon offset products come in. These are products that help you compensate for your emissions by funding projects that reduce, avoid, or remove carbon dioxide or other greenhouse gases from the atmosphere. But how can you find the best carbon offset products for your company? Here are some tips to help you make an informed and ethical choice.

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Harshal Kalambe

I am Integrating Sustainability (ESG) Into Reality | Sustainable Supply Chain | Circular Economy
Jahanzaib Qureshi

Facility Business Partner| Unilever, Frieslandcampina Engro, Tapal |

1 Understand the basics

Before you start looking for carbon offset products, you need to understand what they are, how they work, and what benefits they offer. Carbon offset products are usually sold in units of metric tons of carbon dioxide equivalent (CO2e), which measure the impact of different greenhouse gases on global warming. When you buy a carbon offset product, you are paying for a project that either prevents the emission of one ton of CO2e, or removes one ton of CO2e from the atmosphere. The project could be anything from planting trees, to installing solar panels, to capturing methane from landfills. The benefits of carbon offset products are twofold: they help you reduce your net carbon footprint, and they support environmental and social causes that align with your values and goals.

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Harshal Kalambe

I am Integrating Sustainability (ESG) Into Reality | Sustainable Supply Chain | Circular Economy
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To get started there are only 2 most basic steps: Step 1: Calculate your footprint: Measure your direct emissions (energy use, travel) and indirect ones (electricity, waste). Step 2: Find high-quality offsets: Consider your impact on the environment, social aspects, and governance (like responsible sourcing).

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Clément Hostache

Réveillons l'utilité qui dort dans vos ressources ! (né en 346ppm de CO2)
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A souligner : il y a une différence très notable dans le fait d’éviter des émissions et de capturer réellement du CO2 ou un autre gaz à effet de serre. De la même manière il y a une différence forte entre des actions qui se seraient faites quoi qu’il arrive (un propriétaire forestier qui comptait reboiser, mais qui en profite pour récupérer des crédits) et des actions réellement permises par votre financement.

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Marek R. Helinski (M.Sc., MBA) ?? ? ??

Find your new business opportunities with experienced international business development senior executive - B2B export, innovations, inventions, new technologies, AI, CSR/ESG - business partners search, product sourcing
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Consider: Certifications: Choose products certified by reputable standards. Project Type: Align with values, opting for projects like reforestation, renewable energy, or methane capture. Additionality: Ensure projects are additional, dependent on carbon credit funding. Permanence: Assess measures ensuring the lasting impact. Verification Process: Confirm third-party verification. Price Transparency: Look for transparent pricing to understand contribution and impact. Co-benefits: Opt for projects with social and environmental co-benefits for sustainable development. Supplier Reputation: Choose providers with positive reputations, verified reviews, and industry records. Innovative Solutions: Explore companies offering innovative technologies.

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Owen Podger

Still lobbying for better governance
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What a tragedy that in 2024 we are tackling this. There may be other readers who championed back in the 1980s that carbon accounting should be introduced in school curriculum starting in primary school. This is important but far more important is the international agreement to tackle the enormous challenges of climate change.

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2 Calculate your emissions

The next step is to calculate how much carbon your company emits, and how much you want to offset. There are various tools and calculators online that can help you estimate your emissions based on your activities, such as travel, energy use, waste, and supply chain. You can also use industry standards or benchmarks to compare your performance with your peers or competitors. Once you have an estimate, you can decide how much you want to offset. You can choose to offset all or part of your emissions, depending on your budget, objectives, and commitments. For example, you may want to offset your entire carbon footprint, or just the emissions from a specific event, product, or service.

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3 Research the options

Now that you know how much you want to offset, you can start researching the different carbon offset products available in the market. There are many factors to consider when making a choice, such as the type, location, and quality of the project, the price and transparency of the product, and the certification and verification of the outcomes. When comparing options, ask yourself questions such as: what kind of project does this product support? Does it align with your company's vision and values? Is there a local, regional, or global impact? How is the product priced and justified? How transparent is it? And how is it certified and verified? All these questions should be taken into account when making an informed decision about which carbon offset product to purchase.

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4 Choose the best fit

After you have done your research, you can narrow down your options and choose the best carbon offset product for your company. You may want to consult with your team, your customers, your suppliers, or your stakeholders to get their feedback and input. You may also want to test or pilot the product before you commit to a long-term purchase. The best carbon offset product for your company is the one that meets your needs, expectations, and budget, while delivering real and lasting benefits for the climate and the society.

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5 Offset with care

Finally, remember that buying carbon offset products is not a substitute for reducing your emissions. Carbon offset products are a complementary and supplementary measure that can help you achieve your carbon reduction goals, but they are not a license to pollute or ignore your environmental impact. You should always strive to minimize your emissions as much as possible, and use carbon offset products as a way to balance out the unavoidable or residual emissions. Offset with care, and make sure that your carbon offset products are part of a holistic and comprehensive corporate social responsibility strategy that reflects your company's values and vision.

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Clément Hostache

Réveillons l'utilité qui dort dans vos ressources ! (né en 346ppm de CO2)
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Pour enfoncer le clou (surtout le point numéro 5) : 1. La compensation peut créer une illusion de résolution sans réduction réelle des émissions. 2. Se reposer sur la compensation peut freiner l’innovation et la réduction directe des émissions. 3. La compensation peut donner un faux sentiment de sécurité, retardant les actions cruciales. 4. Il n’existe pas assez de projets de compensation de qualité pour neutraliser toutes les émissions mondiales. 5. Et surtout : beaucoup de projets de compensation carbone ont échoué à produire les réductions d’émissions promises (Source : Commission Européenne, “étude sur l’efficacité des projets de compensation carbone”, 2020).

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Stéphane Néreau

Co-construire une stratégie de durabilité à visée régénérative pour TPE & PME | RSE | CSRD | Sécurité numérique responsable ??????
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?? La compensation carbone est une mesure importante, mais elle doit être considérée comme le dernier recours. La priorité doit toujours être de minimiser les émissions de carbone dès le départ. Par exemple, en optimisant l’efficacité énergétique de vos opérations ou en passant à des sources d’énergie renouvelable. Si malgré ces efforts, des émissions de carbone sont inévitables, c’est là que les produits de compensation carbone entrent en jeu. Ils doivent être choisis avec soin pour s’assurer qu’ils sont certifiés et qu’ils correspondent aux valeurs de votre entreprise. Ainsi, même si la compensation est la dernière étape, elle est une partie essentielle d’une stratégie de responsabilité sociale d’entreprise complète. ??

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Jahanzaib Qureshi

Facility Business Partner| Unilever, Frieslandcampina Engro, Tapal |
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It is good to buy carbon offset products but it is always best to reduce your emission. Reducing your own emission not only reduce your carbon foot print but save lot of your cost. Start auditing your facilities where you can reduce: here are some topic. 1. Reduce fuel consumption in your transport by optimizing routs. 2. Install renewable energy, solar panels 3. Invest in building automation system in your buildings major carbon comes from there. 4. Invest in energy efficient appliances.

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Your company is looking to reduce its carbon footprint. How can you find the best carbon offset products?

1

2

3

4

5

6

1 Understand the basics

2 Calculate your emissions

3 Research the options

4 Choose the best fit

5 Offset with care

6 Here’s what else to consider

Corporate Social Responsibility

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Your company is looking to reduce its carbon footprint. How can you find the best carbon offset products?

1

2

3

4

5

6

1 Understand the basics

2 Calculate your emissions

3 Research the options

4 Choose the best fit

5 Offset with care

6 Here’s what else to consider

Corporate Social Responsibility

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