Carbon Offsets – Thematic Intelligence

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$995
Buy Report View Sample

Published: December 05, 2023 Report Code: GDTMT-TR-S466-TH

Select Item

Reasons to buy the ‘Carbon Offsets’ thematic intelligence report:

  • Get an overview of carbon offsets, which is a major topic within the ESG theme.
  • Obtain a comprehensive introduction to carbon offsets and how they are used to offset greenhouse gas emissions.
  • Acts as a guide to corporate offset strategies and advice on how companies should approach carbon offsets.

How is our ‘Carbon Offsets’ report unique from other reports in the market?

  • Get a market overview, types of offsets, and who verifies and sells offsets.
  • Understand corporate carbon offset strategies and why companies buy offsets.
  • Understand why most companies should avoid carbon offsets.
  • Gain access to an appendix that provides an overview of the offset strategies of the top 100 listed companies by market capitalization

We recommend this valuable source of information to anyone involved in: 

  • ​​Cross Industry Manufacturing/Original Equipment Manufacturers
  • Technology Leaders and Startups
  • Business Development and Market Intelligence
  • Investment Analysts and Portfolio Managers
  • Professional Services – Investment Banks, PE/VC firms
  • M&A/Investment, Management Consultants, and Consulting Firms

To Get a Snapshot of the Carbon Offsets Thematic Report

Download a Free Report Sample

Carbon Offsets Thematic Report Overview

The carbon offsets market has grown rapidly since 2015 and is being driven by some of the major corporates incorporating them into their net-zero strategies. For instance, Microsoft is shifting away from nature-based offsets and is supporting new tech-based carbon removals.

Carbon offsets are typically used to claim if a company or product is carbon neutral or as part of a longer-term pathway to net zero. Emissions are offset by supporting projects that reduce emissions or remove greenhouse gases from the atmosphere. Companies can achieve net zero greenhouse gas (GHG) emissions by reducing emissions to close to zero and then offsetting any that remain. Projects are usually supported by purchasing offsets, with one offset representing one ton of CO2e removed or avoided. But critics say most offsets are low-quality and criticize firms for using them as a “license to pollute.”

A small and growing number of companies are investing in technology-based carbon dioxide removal (CDR) projects such as biochar and direct air capture. These are more reliable when measuring the amount of carbon removed and have long-term storage capabilities. However, they are much more expensive and have yet to scale.

This carbon offsets thematic report will help you understand more about carbon offsets and provide guidance on how to incorporate them into your net-zero strategy.

Key Company Categories ·        Market Pioneers

·        Market Pragmatists

·        DIY-ers

·        Outsourcers
Key Carbon Offset Types ·        Avoidance Offsets

·        Removal Offsets
Key Certification Registries ·        Gold Standard

·        Verra

·        Climate Action Reserve

·        American Carbon Registry
Leading Companies Adopting Carbon Offsets ·        Meta

·        Netflix

·        S&P Global

·        TotalEnergies

·        PetroChina
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Carbon Offsets – Company Categories

The companies with the best chance of offsetting success are classified into market pioneers, market pragmatists, DIY-ers, and outsourcers.

Market Pioneers: Market pioneers will secure long-term deals for tech-based carbon removal offsets. Direct air capture (DAC), biochar, and enhanced rock weathering are all examples of tech-based removal offsets. Market pioneers support start-ups developing these technologies, invest in them, and help them scale up their business.

DIY-ers: DIY-ers will prefer to manage their own nature-based offset removal projects with enhanced measurement, reporting, and verification. This will allow them to pay close attention to project performance and generate revenue from offset sales.

Buy the Full Report for Additional Insights on the Key Company Categories in the Carbon Offsets Theme, Download a Free Sample Report

Carbon Offsets – Key Types

The taxonomy of carbon offsets boils down to emissions avoided, often called avoidance offsets, and carbon removed, often called removal offsets. By far the most popular type of offset is an avoidance offset, which is where a project reduces emissions compared to a baseline scenario in which the project was not undertaken. Most avoidance projects aim to protect forests from deforestation. Such nature-based offsets typically cost less than $10 per ton of CO2e. On the other hand, removal offset projects remove GHGs from the atmosphere and store them. The most popular type of removal offset project is reforestation, which lacks permanence in the form of long-term storage. Tech-based removal offsets are more reliable and can store CO2 for hundreds of years.

Key Carbon Offset Types

Key Carbon Offset Types

Buy the Full Report for More Insights on the Key Carbon Offset Types, Download a Free Sample Report

Carbon Offsets – Key Certification Registries

Companies can purchase offsets from retailers or project developers. Carbon market verifiers assess the quality of projects. Verra is by far the largest verifier of offsets, verifying 69% of all offsets in 2022.

Key Carbon Offset Certification Registries

Key Carbon Offset Certification Registries

Buy the Full Report for Additional Insights on the Key Carbon Offset Certification Registries, Download a Free Sample Report

Carbon Offsets – Competitive Landscape

The leading companies adopting carbon offsets are Meta, Netflix, S&P Global, TotalEnergies, and PetroChina among others. The world’s largest companies are using carbon offsets to support their net-zero targets. For instance, Saudi Aramco plans to offset 16 million tons of emissions to achieve its goal of a 52-million-ton reduction by 2035. Over half of the top 100 companies by market value are currently using carbon offsets. The finance and technology industry is already creating carbon-neutral operations with carbon offsets. Energy companies such as AstraZeneca are managing their offset project.

Leading Companies Adopting Carbon Offsets

Leading Companies Adopting Carbon Offsets

Buy the Full Report for Additional Company-Wise Insights in the Carbon Offsets Theme, Download a Free Sample Report

Key Highlights

  • The number of carbon offsets issued climbed 359% to 291 million between 2015 and 2022.

  • Many offsets are unlikely to comply with emissions trading systems and cannot be used to meet emissions targets verified by the Science-Based Targets Initiative (SBTi).

  • A small and growing number of companies are investing in technology-based carbon dioxide removal (CDR) projects such as biochar and direct air capture. These are more reliable when measuring the amount of carbon removed and have long-term storage capabilities.

  • Demand for carbon offsets has been driven by some of the world’s largest companies incorporating them into their net-zero strategies.

Abbott Laboratories
AbbVie
Accenture
Adobe
Agricultural Bank of China
Alibaba
Alphabet
Amazon
AMD
American Express
Apple
ASML
AstraZeneca
Bank of America
Bank of China
Berkshire Hathaway
BHP Group
Boeing
Bristol-Myers Squibb
Broadcom
Caterpillar
CATL
Chevron
China Construction Bank
China Mobile
Cisco
Coca-Cola
Comcast
ConocoPhilips
Costco
Danaher
Delta Air Lines
Dior
Disney
Eli Lily
ExxonMobil
Hermes
Home Depot
Honeywell
HSBC
ICBC
Intel
Intuit
Johnson & Johnson
JP Morgan
KLM
Kweichow Moutai
Leon
Linde
L'Oréal
Lowe’s Companies
LVMH
Mastercard
McDonald’s
Merck
Meta
Microsoft
Morgan Stanley
Nestlé
Netflix
Nextera
Nike
Novartis
Novo Nordisk
NVIDIA
Oracle
Pepsico
PetroChina
Pfizer
Procter & Gamble
Prosus
Qualcomm
Raytheon Technologies
Reliance Industries
Roche
Royal Bank of Canada
S&P Global
Salesforce
Samsung
Sanofi
SAP
Saudi Aramco
Shell
Siemens
South Pole
Tata Consultancy
Tencent
Tesla
Texas Instruments
Thermo Fisher Scientific
T-Mobile US
TotalEnergies
Toyota
TSMC
Unilever
Union Pacific Corporation
United Parcel service
UnitedHealth
Verizon
Verra
Visa
Walmart
Walt Disney
Wells Fargo

Table of Contents

Executive Summary

What Are Carbon Offsets?

Corporate Carbon Offset Strategies

When Carbon Offsets Go Wrong

Most Companies Should Avoid Carbon Offsets

Appendix: Carbon Offsetting Strategies of the Largest 100 Companies by Market Capitalization

Glossary

Thematic Research Methodology

Contact Us

Frequently asked questions

Carbon Offsets – Thematic Intelligence thematic reports
Currency USD
$995

Can be used by individual purchaser only

Most Popular
$1,495

Can be shared by unlimited users within one corporate location e.g. a regional office

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Carbon Offsets – Thematic Intelligence was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Technology reports
Technology
New
Client Computing Market Size, Trends, Drivers and Challenges, Vendor Landscape,…
$2,995 | April 2024
Technology
New
Mobility Market Size, Trends, Drivers and Challenges, Vendor Landscape, Opportunities…
$2,995 | April 2024
Technology
New
Cybersecurity - Thematic Intelligence
$995 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Carbon Offsets – Thematic Intelligence in real time.

  • Access a live Carbon Offsets – Thematic Intelligence dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more