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April 8, 2024

VCMI ‘flexibility claim’ would ‘nullify’ most companies’ Scope 3 emissions commitments

Employees make final checks on Volkswagen car
The report analyses the potential impact of the VCMI’s Scope 3 flexibility claim on 14 of the world’s largest companies, including carmakers Volkswagen and Toyota (Photo: Krisztian Bocsi/Bloomberg)

Companies’ progress on their climate targets could be undermined by a carbon credits loophole

A standard designed to encourage companies to use carbon credits would undermine the Scope 3 emissions targets of some of the world’s largest companies, claims a report by non-profits Carbon Market Watch and NewClimate Institute.

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