Offsetting

{
  "id": "MLC-T-LOG-000176",
  "term": "Offsetting",
  "field": "Logistics and supply chain",
  "definition": "The practice of compensating for the environmental impact of one activity by undertaking another activity that reduces greenhouse gas emissions or other negative effects. In logistics, this often involves purchasing carbon credits to balance emissions from transportation or warehousing. It is a mechanism used to achieve carbon neutrality or reduce a carbon footprint.",
  "url": "https://mlchart.com/terminology/logistics/offsetting/"
}