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Climate finance: UK-based standard setter VCMI's introduction of flexibility to carbon credits market could unleash demand, much-needed investment

Companies might be allowed some flexibility when it comes to buying voluntary carbon credits to offset the carbon footprint of their supply chains under an upgraded guidance by UK-based international standard setter VCMI.
Hong Kong Kelvin Yuen Mark Kenber Li Jiatong Sustainable Fitch Greenpeace East Asia
Source: scmp.com

Firms such as Hong Kong's Swire that use credits to offset carbon footprint are more likely to see lower emissions, report says

Businesses engaging in voluntary carbon markets are already addressing climate change in their direct operations and throughout their value chains, and thus reducing emissions more quickly than peers, data compiler Ecosystem Marketplace says.
Swire Pacific Luca Fong Mark Kenber Maria Mendiluce Carbon Markets Integrity Initiative Climate Disclosure Project
Source: scmp.com

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