A corporate carbon footprint refers to the carbon dioxide and other greenhouse gas (GHG) emissions caused by business operations. It is one of the primary indicators used to understand a business's environmental impact. Calculating a corporation's carbon footprint helps it understand where emissions come from in order to reduce and eliminate them.
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Carbon offsetting is the process of compensating for carbon emissions that are created by industrial and human activity by participating in or funding projects designed to make equivalent reductions in carbon emissions in the atmosphere.
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The SBTi is an initiative launched in collaboration with the UNGC, CDP, the WRI, and the WWF. It aims to help companies set targets that are in line with what the latest science has deemed necessary to achieve the standard of 1.5C warming set in the Paris Agreement.
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The first week of COP created a very positive trajectory for the conference and climate action in general. Thus far, the conference has made bold and unprecedented pledges regarding crucial environmental issues.
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On Sunday, the 26th Conference of Parties (COP26) commenced in Glasgow, United Kingdom. COP26 is perhaps the most important Conference of Parties in recent years as the first revision of the Paris Agreement since its signing in 2015.
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Our sustainability team will be observing and analysing the outcomes, opportunities, and obligations from the COP26 negotiations at every stage of the journey. Make sure to look out for regular updates over the next two weeks to get all the key insight from COP26 action.
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