Numerous carbon offset companies have been investing in environmental projects with the aim of balancing carbon footprints. Additionally, future emissions can be reduced through investments within clean energy technologies.
Here are a few companies that have made the commitment to reducing their carbon footprint and implementing sustainable methodologies.
The Walt Disney Company has established itself as a key player in the voluntary carbon market, and they plan to extend their offset purchasing program to address indirect emissions from overall operations. Due to Disney's double-digit internal carbon prices, they've also had the ability to pay above-average for new offset projects, specifically within the forestry sector.
Delta Air Lines is a huge buyer of carbon offsets, but due to their difficulty in decarbonizing, the aviation industry is one of the most difficult to abate. Delta has committed to combating climate change and achieving net-zero greenhouse gases emission by 2050. Additionally, they're planning on switching over to sustainable aviation fuel by 2030 as well as replace 10% of their present jet fuel.
Alphabet has a decent-sized history of purchasing carbon offsets, especially considering they;re the parent company of Google. In 2020, they purchased high-quality carbon offsets to offset Google's complete carbon footprint, which included all operating emissions before the company became carbon neutral in 2007. Essentially what this means is that Google's net carbon impact is now zero.
There is an estimate of $5 billion in clean energy investments, on top of that, a reduction of emissions by an equal amount of 1 million cars and the creation of 8,000 new employment as a result of this initiative.