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MARKET REPORTS
Research: Carbon credits are associated with businesses decarbonizing faster
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Businesses purchasing voluntary carbon are more likely to report lower gross emissions year-on-year, and invest more in emissions reductions, than companies not engaged in carbon markets
Research from Ecosystem Marketplace suggests that companies that participate in voluntary carbon markets are leading across a range of measures of robust climate action, accountability, and ambition—across the board, outperforming companies that do not buy carbon credits.
The study indicates that not only are carbon credits purchases funding rapid climate action, but are also associated with companies that are already addressing climate change in their direct operations and throughout their value chains.
Findings include:
- Companies engaging in the voluntary carbon market are:
- 1.8X more likely to be decarbonizing year-over-year.
- 3.4X more likely to have an approved science based climate target.
- 3X more likely to include Scope 3 Emissions in their climate target.