Under the CSRD, offsetting is a sub-topic that can be reported in various places in the sustainability report. Below you will find our CO2 offsetting approaches with an assessment of the current situation.
1. CO2 offsetting through the cancellation of EU emission rights: So far, this offsetting approach can only be included in the appendix of the CSRD-compliant sustainability report. Our aim is to enable companies to include this approach in the main body of the report. We are currently working on this and there could be some progress at the EU level in the near future.
2. CO2 offsetting through the afforestation of mixed forests in Germany: This approach can be reported in the main section. It is important to note that third-party certification is required here, e.g. by the Plan Vivo Foundation. This certification incurs additional costs. However, it is worthwhile if a company wants to report CO2 offsetting with ForTomorrow in its sustainability report and have it credited. Whether investing in certification through us makes sense, depends on the size of the project. The costs are usually flat-rate and therefore not as significant for large areas as they are for smaller afforestation projects.
3. CO2 offsetting with biochar: We also offer CO2 offsetting with biochar through ForTomorrow. Since biochar is EBC certified, it is possible to include this CO2 offsetting approach in sustainability reports and claim credit for it. Biochar has the advantage of storing CO2 for centuries.