Carbon Credits: Permission to Pollute, or Pivotal for Progress?

Does investment in carbon credits hinder decarbonization among the world’s largest companies? Published by Sylvera in May 2023, this report responds to media criticism saying that buying carbon credits is an excuse to continue business as usual. It analysed the Scope 1 and 2 emission data and carbon credit purchases of 100 of the largest businesses across different industries. It found that those purchasing credits are cutting emissions by 6.2% each year while those who aren’t are cutting only 3.4%.