Energía
Posted on:27 April 2023

Compensation carbone : définition et défis pour l’industrie

In an increasingly global context concerned about environmental issues, companies, especially industrial ones, are faced with the imperative to reduce their carbon footprint. Indeed, greenhouse gas emissions from industrial activities are one of the main sources of climate change.

It is in this context that carbon offsetting appears as a promising solution.

But what exactly is carbon offsetting?

I. What is carbon offsetting?

Carbon offsetting involves reducing or offsetting a company’s greenhouse gas emissions by financing projects or actions that capture or reduce equivalent amounts of CO2 or other greenhouse gases.

This approach aims to achieve a balance between the emissions produced by the company and emission reductions made elsewhere. It provides industrialists with a way to reduce their environmental impact while maintaining their economic activities.

Carbon offsetting is based on the principle that all greenhouse gas emissions contribute to climate change, regardless of where they are emitted. Therefore, by supporting projects that reduce or capture these emissions elsewhere, companies can offset the environmental damage associated with their own activities.

It is important that offset projects are carefully selected to ensure they are credible, measurable, and have a real impact on reducing greenhouse gas emissions.

II. Carbon offset challenges for your company

Carbon offsetting presents several important challenges for your company. Here are some of them:

– **Reducing greenhouse gas emissions and associated costs**: By financing offset projects, you can reduce your carbon footprint and the costs associated with reducing greenhouse gas emissions. For example, if you have significant emissions from your transportation activities, you can offset your emissions by financing reforestation projects, rather than investing in cleaner vehicles or alternative fuels.

– **Improving your image and attractiveness to customers and investors**: Consumers and investors are increasingly aware of the environmental impact of companies and seek to associate with companies that are taking steps to reduce their carbon footprint. By offsetting your greenhouse gas emissions, you can show that you take the issue seriously and are committed to combating climate change.

– **Contribution to the fight against climate change and compliance with environmental regulations**: Finally, carbon offsetting can contribute to the fight against climate change by financing projects that reduce or capture greenhouse gas emissions. It is increasingly observed that some environmental regulations may require companies to offset a portion of their greenhouse gas emissions to comply with environmental standards. For example, the European Union has established a system for trading carbon emission allowances (EU ETS) to limit companies’ greenhouse gas emissions. Companies that emit more than their quota must purchase carbon credits to offset their excess emissions.

**Note: It is important to emphasize that carbon offsetting should not be used to justify activities that have a negative environmental impact!**

III. How to implement a carbon offset program?

Step 1
Assessment of the company’s carbon footprint
The first step is to assess your carbon footprint, which is the amount of greenhouse gases you emit as part of your activities. This assessment will help identify the most significant sources of emissions and define the necessary actions to reduce them at the source. Several tools and methodologies exist to carry out this assessment, including the Carbon Assessment and the ISO 14064 standard.
Step 2

Selection of carbon offset projects

Once your carbon footprint has been assessed, it is time to choose carbon offset projects to fund. The projects must be credible, measurable, and have a real impact on reducing greenhouse gas emissions. There is a wide variety of carbon offset projects, such as reforestation, wetland restoration, the use of renewable energies, carbon capture and storage, etc. You can choose projects that are directly related to your activity or that take place in the regions where you operate.

Step 3
Monitoring and communication of results
Once the carbon offset projects have been selected, it is important to monitor their implementation and results. You can ensure that the projects are carried out in accordance with international quality standards and that they achieve your set objectives in terms of reducing greenhouse gas emissions. The results must be communicated transparently to your company’s stakeholders, such as your clients, investors, and employees, in order to strengthen your commitment to combating climate change.