The carbon contribution allows an organization to finance reduction or sequestration projects outside its value chain:
GHG emission reduction or avoidance projects aim to reduce emissions relative to a baseline scenario.
GHG emission sequestration projects aim to directly capture emissions in the atmosphere through the development and maintenance of "carbon sinks" which can be natural (oceans, forests) or industrial (direct CO2 capture).
In chapter 3 of the report "Mitigation of Climate Change" the IPCC states that the deployment of carbon storage methods to offset residual emissions will be necessary to limit temperature increases to scenarios of 1.5 or 2°C.
The company can thus provide annual funding to a contribution project or projects to complement the company's emissions reduction strategy. This is taken into account in your Greenly climate strategy rating. The Science Based Target initiative estimates that about 10% of a company's total emissions are irreducible. This is thus the amount we recommend companies to contribute each year, while at the same time reducing their emissions.
This can be done by contributing to one of the projects offered by Greenly or by independently contributing to a project certified by Patch, American Carbon Registry, Verra, labelBasCarbone, Riverse or Wildsense.
For more information, please see the guide below: