Major UK firms make scant use of CO2 offsets

A survey of carbon offsetting by the UK’s 100 largest quoted companies finds room for improvement.

HSBCMany more of Britain’s leading public companies should purchase voluntary carbon offsets to reduce their contribution to climate change, argues a report.1

Carbon Retirement, a UK-based carbon offsetting company, estimates just 0.1% of the 2.8 billion tonnes of total greenhouse gas emissions (as CO2 equivalent) reported by FTSE100 companies last year was covered by carbon offsets, where companies pay for emissions reductions elsewhere.

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