THE SOUTH AFRICAN TREASURER: NEXT GENERATION TREASURY

TMI | THE SOUTHAFRICANTREASURER 21 NEXT GENERATIONTREASURY Corporate treasurers and finance executives need to be acutely aware of these developments, as they can have a significant financial risk impact on a company. It is not an issue to cast solely at the feet of ESG (environmental, social and governance) or Corporate Social Investments (CSI) teams. A diagrammatic summary of the participants in this voluntary carbonmarket is as follows: Purchasers of carbon credits – the buyers Corporations that are net carbon polluters have set ambitious goals towards achieving carbon neutrality within certain The voluntary carbonmarket (VCM) is developing around the world with its impact starting to be felt in South Africa.The voluntary carbonmarket is a decentralisedmarket where the private sector voluntarily buy and sell carbon credits that represent certified removals or reductions of greenhouse gases (GHGs) from the atmosphere. Everymarket has four participants in common, namely buyers, sellers, intermediaries (market-makers and financiers) and regulators. Carbon emissions and credits aremeasured in USD/tonne of carbon dioxide equivalent (CO2e) introduced or extracted from the atmosphere. By CraigWilliamson, Founder and Director, Bastion Advisory (Pty) Ltd ANewMarket for aNewDawn

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