Telstra ditches carbon credits to push harder on direct emissions

Telstra is dumping its carbon credit offset scheme as well as claims its plans are “carbon neutral” or “carbon offset”, with the telco giant instead moving to a direct-investment model and setting a more ambitious target for emissions cuts by 2030.

Carbon offsets are also controversial because they are intended to mop up hard-to-abate emissions, but groups such as the Climate Council claim they are providing a fig leaf for a business-as-usual approach in many industries. Scope one emissions are greenhouse gases released directly from things a company controls, while scope two are those released indirectly from by-products or requirements like heating or cooling. For Telstra, 95 per cent of both scope one and two emissions came from electricity usage.

“For a business like us, we have a lot of levers we can pull; we’re largely an energy-using business, and we can do a huge amount to reduce our energy consumption ourselves and keep investing in renewable energy.”Penny said Telstra had invested in solar and wind projects on the eastern seaboard and will also explore technology-related options, including AI, to improve efficiency.

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