This major new report analyses the emissions performance of over 4,000 global companies and the link with the use of carbon credits. Based on Trove’s extensive corporate emissions data and carbon credit use, companies that use material quantities of carbon credits are decarbonising at twice the rate of companies that do not use carbon credits. The results are statistically significant at the global level and at some national and sectoral levels. Companies that use higher quality and more expensive credits have better emissions performance.