
Considerations for accessing high-quality carbon offsets as part of the Net Zero transition
As businesses become more focused on their transition to Net Zero, many have turned to voluntary carbon offsets as part of their decarbonisation strategy.
From finance to civil society, there is a level of scepticism about corporate reporting on climate change today. To draw attention to the specific challenges, we have launched a series of briefings that explore the most significant issues. Our intention is to support businesses, leaders and policy makers to understand the sources of the mistrust – and therefore what can be done about them.
This paper explains where the mistrust is coming from, the questions to ask of companies, and the steps that businesses and others can take to increase the robustness of the data.
Audits help provide investors with confidence in the accuracy of a company’s financial statements. With climate change, this can include ensuring that a business’ commitment to reach net zero is consistent with the assumptions and valuations in the accounts. Our Head of Audit Hemione Hudson sets out our belief that auditors have a critical role to play in protecting our planet.
Our Risk practice helps provide stakeholders with comfort in the accuracy of a company’s non-financial reporting, such as their disclosure about the level of greenhouse gas emissions – or their reporting through the framework of the Taskforce for Climate-Related Financial Disclosures. It’s something we believe will only increase in the coming months - here are 5 questions you should be asking now.
As businesses become more focused on their transition to Net Zero, many have turned to voluntary carbon offsets as part of their decarbonisation strategy.
The lack of common rules governing what information companies should disclose around climate change is creating confusion. This is why collaboration between regulators and standard setters is critical.
Emma Thorogood
Partner, Head of Purpose, Community and Corporate Affairs, PwC United Kingdom
Tel: +44 (0)7990 563100