What is an offset?

An offset is an action intended to compensate for the emission of carbon dioxide into the atmosphere as a result of industrial or other human activity, especially when quantified and traded as part of a commercial scheme. In the context of aviation, the Carbon Offsetting and Reduction Scheme for International Aviation is one of the most important such commercial schemes in the world. Airlines offset their carbon emissions by purchasing credits from projects that reduce or avoid emissions elsewhere, thereby compensating for their carbon footprint. Although airlines are the main buyers of carbon offsets in the aviation industry, airports can also be buyers and can see offsetting as an adequate and effective solution.

Our solution to impact

The same issues that affect project quality also affect its impact. Auditors are sometimes incentivized to overlook or dismiss impact problems, considering them to be of secondary importance or showing leniency in response to a project developer’s perceived efforts or good will. In order to guarantee superior impact in all our projects, we require that they be aligned with at least 5 SDGs and we verify their compliance through partnerships with reputed NGOs that specialize in SDGs. In the additional verification conducted by NGOs, they make sure that each SDG is being achieved or that there is a precise plan for its achievement with a defined timeline and milestones. Additionally, our partners verify that the human rights situation on the project site is adequate, by asking for specific information to ensure that those impacted by the project, particularly women and children, have the right work and living conditions in place and that there are effective grievance mechanisms to quickly redress any problem. If a problem is perceived or any questions remain unanswered after this additional verification, our partners conduct a site visit and interviews to get to the bottom of any issue.

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