SGS suspension threatens carbon market integrity
Carbon traders have expressed concern over the UN’s suspension of SGS UK, the largest carbon project verifier in the world. It is the second designated operating entity (DOE) to receive such treatment. SGS UK has been accused of failing to audit projects sufficiently and employing staff that were not properly qualified to perform audits of carbon projects. UN inspectors found six irregularities in SGS’s work, exposed in a recent surprise inspection. The suspension will be lifted once the UN
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Achieving net zero with carbon offsets: best practices and what to avoid
A survey by Risk.net and ION Commodities found that firms are wary of using carbon offsets in their net-zero strategies. While this is understandable, given the reputational risk of many offset projects, it is likely to be extremely difficult and more…
Achieving net zero with carbon offsets: best practices and what to avoid
The race to net zero is on, with tens of thousands of firms now signed up to carbon reduction targets. The use of carbon offsets from voluntary and compliance markets will play a key role in helping firms reach their net-zero and decarbonisation goals…
