Steadfast, a broking network, has announced its Carbon Neutral Transition Plan, aiming to reduce emissions to net zero by 2030. The plan will focus on reducing emissions associated with their operations where commercially feasible, with the balance to be offset with carbon credits. Financial year 2020/21 is the baseline for the plan, and it includes 53 entities representing 65% of overall revenue. To reduce emissions, Steadfast intends to procure green power and transition to electric vehicles. They recognize that climate change is a global risk and a material issue for the insurance industry, and they plan to update their progress with annual public disclosures starting at the close of the FY23 reporting period. Steadfast is committed to long-term success, and they believe that reducing emissions is essential to achieving this goal.
The restructuring capability of blockchain and the concept of carbon credits.
Blockchain technology is being used to create a more transparent and efficient carbon credits market. The global carbon credit market...