Develop a Carbon Credit Strategy
Carbon credits have the potential to achieve multiple outcomes, but their purchase should have a clear rationale and objective in your company’s climate strategy. Defining this, establishing a policy for making credible credit claims, and building internal support are key to developing a successful carbon credit strategy.
There are a number of objectives your company may be seeking to achieve through the purchasing of carbon credits, such as compensating for operational emissions that cannot yet be reduced directly, or meeting broader sustainability goals.
Defining your carbon credit program’s objectives, and then establishing a policy for how credits will be used to make claims about your company’s climate performance, will help with building internal support for your program.
The following action steps provide more insight on best practice approaches to developing a carbon credit strategy—from defining the program’s objectives through to securing necessary buy-in across your company.