How Carbon Offsetting Works

July 18, 2022
Maximus

People/businesses can use a tool to calculate the emissions released on that flight and then buys a carbon credit from a broker to offset that amount of emissions.

In theory, carbon offsets help balance your carbon footprint by funding environmental projects that reduce greenhouse gases in the atmosphere.

The broker subtracts its fee and uses the rest of the money to invest in an emissions project, such as a reforestation effort.

In his 2021 book “How to Avoid a Climate Disaster,” Gates writes that he counteracts his non-aviation emissions by “buying offsets through a company that runs a facility that removes carbon dioxide from the air.”

Corporations or governments might buy offsets to justify manufacturing products in a factory. Individuals often use them to offset the carbon burned from driving cars or getting on flights.

You can buy credits from companies and programs that plant trees or fund renewable energy projects, or even from farmers who reduce or capture methane emissions from livestock.

 

Our solutions:

Sustainability and ESG/ESHG (ESG + wellbeing) are core pillars of holistic CSR programs and viewed now as essential elements of culture. MaximusLife’s sustainability tools educate employees about their carbon footprint while providing specific actions, volunteering and giving opportunities to offset their carbon emissions.

MaximusLife is the leading workplace tool for employee-based Scope 3 carbon emissions data. Now teams of all sizes can report data quickly, accurately, and in real-time with tools designed by our in-house LCA (life-cycle assessment) team of experts.

It’s time to take your CSR, ESG & Sustainability engagement to a new level with all employee data connected directly to smart phones, fitness devices, home automations and more.

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