Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Car finance compensation: Your ultimate guide to how payouts will work
  • Should You Forget Ethereum and Buy This Cryptocurrency Instead?
  • The Beginner’s Guide to Buying Your First Cryptocurrency
  • Ellinas Finance board to meet in late April for 2025 financial results
  • Falmouth Art Gallery new programme of exhibitions 2026/27
  • Falmouth Art Gallery unveils ambitious 2026/27 exhibition programme
  • X Introduces Automatic Account Locks to Combat Cryptocurrency Phishing Schemes
  • Lloyds Banking Group sets aside £2bn for car finance compensation payouts
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Investments»Interface to ‘repurpose’ former carbon offset investments from 2025
Investments

Interface to ‘repurpose’ former carbon offset investments from 2025

April 22, 20244 Mins Read


Flooring firm Interface has announced plans to “double down” on its carbon reduction and storage strategy, having pledged to transition away from the use of carbon offsets as it looks to deliver on its net zero goals.

Interface, which is widely regarded as a trailblazer for sustainable and circular business models, this week revealed it plans to repurpose former offset investments from 2025 onwards to accelerate innovation projects that can result in direct carbon reductions and carbon storage both internally and throughout its supply chain.

The firm hopes the move will boost its progress towards an overarching target of becoming carbon negative, without the use of offsets, by 2040, as well as its interim targets to halve absolute Scope 1 and 2 emissions by 2030.

The announcement comes after Atlanta-based Interface featured in Time100’s Most Influential Companies list for 2023, with the US magazine highlighting the company’s high profile project to rollout of carbon negative flooring fashioned from carbon-rich biomaterials and recycled components.

“We’re ‘all in’ on solving the climate crisis,” said Laurel Hurd, CEO of Interface. “We’ve made incredible progress in our 30-year sustainability journey, and we’re committed to achieving our ambitious environmental sustainability goals without carbon offsets.

“Carbon negative carpet tile changed everything for Interface. We now know it’s possible to store more carbon than we emit – and we believe we can accomplish this across our product portfolio, from carpet tile to resilient flooring.”

She added that the company hoped the move would “challenge ourselves and others to become carbon negative, enterprise wide, without offsets”.

“We hope to continue to inspire the industry to join us to make an even bigger impact through our collective action focused on absolute carbon reduction,” she said.

The global carpet tile producer has also committed to reducing the carbon footprint of resilient products via manufacturing and raw material innovations, increasing recycled content, and identifying and driving commercial adoption of circular models across all product categories.

“Our carbon plan is simple: Avoid. Reduce. Store. Inspire,” said Liz Minné, Interface’s head of global sustainability strategy. “We’re doubling down to store more carbon than we emit across our entire enterprise.

“We’re avoiding and reducing emissions throughout our product manufacturing, our business operations, and our supply chain, and working to store more carbon in our products. We’ve been charting this course for 30 years, and we won’t stop until we achieve carbon negativity, without offsets, by 2040. And we hope we inspire others to do the same.”

Interface also announced that as of April 30 it will discontinue its Carbon Neutral Floors and Carbon Neutral Enterprise programs in order to increase project budget, as the company continues to identify alternative opportunities for decarbonisation. However, it confirmed it would continue to offer verified carbon credits for all customer purchases through the end of 2024.

The move comes in the midst of a major debate over the role of carbon offsets in counting towards corporate net zero goals, after the board of the Science Based Targets Initiative (SBTi) controversially announced it was planning to consult on changes to its Net Zero Standard that would allow for the wider use of carbon credits to meet supply chain decarbonisation goals. 

Advocates of the reforms, including leading business groups, argue they could help drive much needed investment into carbon removal projects that are likely to prove essential to meeting economy-wide net zero goals and help companies tackle emissions from their sprawling value chains.

But environmental campaign groups and some businesses have argued the moves could undermine the credibility of corporate targets approved by the SBTi and have called for more firms to emulate Interface and focus on tackling emissions at source.

Keep up to date with all the latest green business news by signing up to the free Daily and Weekly BusinessGreen Newsletters.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Private Investments in 401(k)s: We Still Have Questions

April 1, 2026 Investments

Institutional Investments in Indian Real Estate Reach $1.4 Billion in Q1 2026, ETRealty

April 1, 2026 Investments

Future Wealth Investments Launches $60Mn Debut Fund for India-UAE-Singapore Corridor – Outlook Business

March 31, 2026 Investments

Dubai Investments names new Chief Financial Officer

March 27, 2026 Investments

Octopus Investments cuts one fifth of workforce amid AI-driven overhaul

March 27, 2026 Investments

I Asked ChatGPT Which Investments Won’t Survive the Next Recession: Here’s What It Said

March 26, 2026 Investments
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Car finance compensation: Your ultimate guide to how payouts will work

April 3, 2026 Finance 10 Mins Read

Consumer rights expert Martyn James has pulled together your go-to guide on the car finance…

Should You Forget Ethereum and Buy This Cryptocurrency Instead?

April 3, 2026

The Beginner’s Guide to Buying Your First Cryptocurrency

April 3, 2026

Ellinas Finance board to meet in late April for 2025 financial results

April 3, 2026
Our Picks

Car finance compensation: Your ultimate guide to how payouts will work

April 3, 2026

Should You Forget Ethereum and Buy This Cryptocurrency Instead?

April 3, 2026

The Beginner’s Guide to Buying Your First Cryptocurrency

April 3, 2026

Ellinas Finance board to meet in late April for 2025 financial results

April 3, 2026
Our Picks

Protection from scams: Layton City bans cryptocurrency ATMs due to fraud | News, Sports, Jobs

April 2, 2026

The AI Cryptocurrency That Could Benefit From the Artificial Intelligence Boom

April 2, 2026

AUC Chairperson During this morning's opening session of the ministerial segment of the Fifty-eighth session of the Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development in Tangier, Morocco – African Union

April 2, 2026
Latest updates

Car finance compensation: Your ultimate guide to how payouts will work

April 3, 2026

Should You Forget Ethereum and Buy This Cryptocurrency Instead?

April 3, 2026

The Beginner’s Guide to Buying Your First Cryptocurrency

April 3, 2026
Weekly Updates

Financial Street Forum charts the course of financial cooperation under BRI

October 20, 2024

Huge UK investments; Difficult budget decisions; Latest models from Paris Motor show – Car Dealer Magazine

October 15, 2024

Trump courts cryptocurrency advocates with reported talks to speak at Bitcoin convention

June 24, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2026 Finance Pro

Type above and press Enter to search. Press Esc to cancel.