This white paper from The Compensation Foundation addresses the issue of several climate claims that can overwhelm and confuse companies or consumers. Commonly agreed definitions of claims are missing, and organisations make claims in ambiguous ways. The different claims overlap, and it is hard to understand what makes one claim different than the other.
This paper aims to clarify the claims that have gained a foothold in corporate climate action in recent years. We use non-offset claims as the general term for claims not considered conventional offsetting: contribution claims, beyond value chain mitigation (BVCM), climate finance, climate action, and insetting. It also explains what the most used non-offset claims mean and their benefits and shortcomings. It guides the reader to employ claims and to ensure high integrity and maximum impact of the mitigation actions. At the moment of writing this paper, several EU directives and market standards related to environmental and green claims are being prepared. This work provides a snapshot of non-offset claims as the Compensate Foundation sees them in June 2023.
Have you already been involved in this and what's your take on integrity and impact of these claimes? Do share here.
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Nadilsa Tavares
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