As the impacts of climate change become increasingly difficult for businesses to ignore, companies are under growing pressure to demonstrate that their climate action is measurable, credible and delivering real emissions reductions. One area undergoing significant change is the carbon market, with businesses increasingly exploring tokenised carbon credits that use blockchain technology and real-time data to improve transparency, traceability and verification.

However, beyond the technology, a broader climate question remains: do these systems actually contribute to meaningful emissions reductions, or do they simply make carbon offsetting easier to trade?

Mpho Sithole spoke to Bongiwe Mbunge, Lead Sustainability Partner for Forvis Mazars Africa, to examine how technology is changing carbon markets and whether these innovations can help businesses respond more effectively to climate change.