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Carbon offsets pave the way to net zero by Kana Earth

The extent to which businesses are relying on carbon offsets to meet their net zero emission targets is highlighted in a new survey by Kane Earth, creator of an open, auditable and scalable ledger for UK carbon offset units.

Its survey of board directors of FTSE 350 listed companies reveals that almost all (96%) have increased expenditure on carbon offset projects and/or carbon credits over the past 24 months, with 59% having done so ‘dramatically’. Around half (47%) say they plan ‘dramatically’ to increase their expenditure on carbon offset projects/carbon credits over the next two years; 42% say they will increase expenditure slightly.

More than one third (35%) of FTSE 350 companies say they are already carbon-neutral, with 60% saying they are well advanced on their way to becoming carbon-neutral.

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