As businesses increasingly take steps to reduce their carbon footprint and consider their overall impact on the environment, leading new research shows that carbon offset programmes deliver substantially more benefits than expected – bringing value that might previously have been hidden.
For many years there has been anecdotal evidence that investing in a carbon offset programme delivers a wide range of positive social and economic benefits beyond just carbon reduction.
Now, new academic research shows that every tonne of CO2 offset not only funds GHG reductions, but can deliver up to a staggering $664 in additional economic, social and environmental benefits.
The benefits to communities around the globe include job creation, household savings, health benefits, environmental conservation, investment in local economies, technology transfer, local infrastructure and training, and positive impacts on water resources.
Furthermore, the research shows that there are a number of benefits for your business too. As well as helping meet your environmental targets, an offset programme can improve staff and community engagement, increase market differentiation, and stimulate new resource efficiency efforts (and savings).
Plus it’s increasingly important to winning new tenders/business. As organisations realise the value of material carbon management strategies, and consumers, customers and staff increasingly expect business to demonstrate their commitment to tackling climate change, reducing environmental impact and supporting communities, a strategy that includes offsetting is a cost-effective approach delivering several important benefits.
Choosing to offset through an accredited ICROA member will ensure that your investment delivers independently-verified carbon reductions that will unlock hidden value for your business, our environment and communities around the world.