Business leadership on climate action: drivers and benefits of offsetting

In a survey of the private-sector, public-sector and not-for-profits, 94% of respondents felt organizations should reduce their greenhouse gas emissions even when not required to do so by law, and 79% reported they believe climate change poses a risk to their organization. The Imperial College London survey, conducted in consultation with the International Carbon Reduction and Offset Alliance (ICROA) and the United Nations Framework Convention on Climate Change (UNFCCC), was conducted to assess business demand and preferences for voluntary carbon credits to offset emissions. About half (48%) of respondents to the survey were offset users, and a third of these listed sense of responsibility as the main reason they offset emissions. The effects of climate change, such as extreme weather events and supply chain failure, pose real threats to business. Voluntarily offsetting their emissions allows businesses to play a role in this global challenge and take steps to mitigate their climate impact.