Is there a tectonic shift away from corporate offsetting and into corporate insetting?
In this episode of Reversing Climate Change, we sat down with Lia Nicholson, Head of Sustainability at Terrascope, to discuss the sexiest topic of all—carbon accounting.
Historically, corporations faced justified criticism for opting to buy low-quality carbon offsets instead of making tangible efforts to reduce their own emissions. Lia highlights a significant recent shift from traditional offsetting to insetting, where companies account for carbon-negative behavior within their value chain rather than outsourcing it to a service provider.
As corporations worldwide scramble to mitigate their carbon footprints, understanding how emissions are calculated and reduced becomes paramount. But how should accounting of emissions be structured?
Lia lays out how in a typical company, some 85% of emissions can come from the company’s value chain. Discover how reducing scope 3 emissions is about leverage and influence. As Lia puts it, “the point of corporate accounting is not to add up all the company’s emissions; it’s really to look at where that company has influence on those emissions.
Tune in to explore insights into the standards bodies that corporate accountants refer to, the implications of the new EU carbon border adjustment tax, and how the winds of opportunity, born from disasters, can be harnessed to drive real environmental change.
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