The Oxford Offsetting Principles are a framework for a best practice approach to buying carbon credits, as part of a strategy for achieving net zero.
Academics at Oxford University created the OOPs as a response to the climate modelling work of the United Nations’ Intergovernmental Panel on Climate Change (IPCC). However, many other institutions and coalitions have produced alternative guidelines – e.g. the Science-Based Targets initiative (SBTi) – and there’s considerable debate about definitions and the most effective approach to take.
How to cut emissions and meet sustainability standards – carbon credits
Amidst this complexity, a growing number of organisations are referencing the OOPs (and the SBTi and similar frameworks) to guide their sustainability journeys. That’s because these businesses recognise the commercial, moral and environmental imperative of doing something – and doing it now.
To support the shift towards widely accepted guidance such as the OOPs, this article aims to summarise them. In doing so, we outline what they mean for us as a company and hope to clarify how they can help your organisation decarbonise and meet its targets. Find out more here.
