Program on the Environment

As the impacts of our changing climate become more severe, consumers are putting greater pressure on the corporate marketplace to hold companies responsible for their emissions and promote sustainable business. After decreasing their internal carbon emitting processes, companies can purchase carbon credits to further offset their remaining environmental footprint by supporting projects that aid reduction efforts worldwide. However, as the voluntary carbon market (VCM) is still relatively new, there is a lack of information available regarding program selection criteria and no standardized process for how to foster participation. During my internship at Puget Sound Beverage (PSB), a local coffee supplier, I sought to better understand the benefits and applicability of various carbon offset programs, to recommend the most suitable programs for PSB specifically. To accomplish this, I researched current business application of carbon offsets, created a comprehensive data base of 17 highly ranked programs, identified key program criteria and conducted in-depth interviews with PSB clients. This information, in addition to data collected and analyzed from scholarly literature, allowed me to develop a preliminary framework for how companies can best select an offset program, market participation to their clients and achieve carbon neutrality. Key components of this framework include a holistic understanding of the VCM, an analysis of applicable programs and early identification of company goals and client preference. Through greater participation, companies will be able to address rising global CO2 levels, while also increasing their corporate sustainability and demonstrating accountability of emissions within their communities.