Offsetting

Offsetting describes a way to reduce emissions and to pursue carbon neutrality by balancing emissions released in one sector with stronger reduction efforts in other sectors, e. g. investing in renewable energies, which are usually outside of organisational and city boundaries.

Reference

https://www.europarl.europa.eu/news/en/headlines/society/20190926STO62270/what-is-carbon-neutrality-and-how-can-it-be-achieved-by-2050