09:12 AM EDT, 05/09/2024 (MT Newswires) -- The Science Based Targets initiative, a nonprofit backed by the UN that audits companies' emission-reduction plans, has found that carbon credits used by companies to offset greenhouse-gas emissions are largely ineffective, Reuters reported Thursday, citing a confidential preliminary draft it reviewed.

Voluntary carbon offsets are used by some of the biggest companies in the world, including Microsoft ( MSFT ) , Salesforce ( CRM ) and Amazon.com ( AMZN ) , Reuters reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 188.76, Change: +0.76, Percent Change: +0.40