ABSTRACT
Exemplifying the kind of corporate leadership that is so essential in the early phase of the battle against climate change is STMicroelectronics. Climate change and biodiversity loss are two of the greatest challenges currently facing humanity. Some of the most attractive opportunities for corporations investing in offsets can be found in the land-use change and forestry (LULUCF) area, particularly in the area of biodiversity protection. Furthermore, many LULUCF activity improvements represent some of the least-cost options among all carbon mitigation methods. Smart companies understand that by taking multiple and varied carbon mitigation approaches they can build a portfolio of investments that minimises overall risk. To protect against risk from environmental regulations and the company's own image with consumers, the sound approach is to avoid investments that, while meeting current provisions in the Protocol, actually lead to perverse climate change results. Problems with such projects can arise because of the Protocol's definitions of what constitutes forests, deforestation and degradation.
