Climate neutrality targets of European companies and the role of carbon offsetting

This study examines the climate change mitigation goals of 44 companies in Europe and the role carbon offsetting plays in achieving these goals. To this end, it examined which targets the companies define and how they interpret climate neutrality. In particular, the role of carbon offsetting in companies' climate protection and carbon neutrality strategies was analysed. Subsequently, the oil and gas as well as the automotive sector was examined in more detail, as these comprise the companies with the highest greenhouse gas emissions.