The world’s largest carbon trader sold worthless carbon offsets for tens of millions of euros

Follow the Money - Platform for investigative journalism

Factuality

Ownership

The world’s largest carbon trader sold worthless carbon offsets for tens of millions of euros

For years, South Pole – the world’s most influential climate consultancy – sold essentially concocted emission rights to hundreds of companies, including Gucci, Volkswagen and energy supplier Greenchoice. As a result, part of the climate achievements of many prestigious companies exist only on paper. Said carbon credits generated tens of millions of euros for South Pole. The company is in crisis: employees want the error to be acknowledged, while