In 2015, the Paris Agreement was signed by nations all over the world. The new climate agreementwill replace previous Kyoto Protocol post-2020 and will likely change the conditions for using carbonoffsetting. It is probable that even more stringent controls will be required to ensure a credible carbon marketwhich avoids double counting and secures environmental integrity. Voluntary use of offsetting has to becompatible with the new rules set under the Paris Agreement to manage these risks. More countries will countemission reductions to their new nationally determined contributions, and therefore increases the risk ofdouble counting. Hence, the purpose of this master thesis was to reveal how the Swedish companies’ currentuse of voluntary carbon offsetting is compatible with the likely carbon market post-2020. The companiesreasons as why they use voluntary carbon offsetting, together with their underlying ethical view, based ontheir practices around carbon offsetting, were investigated. Eight qualitative semi-structured interviews withSwedish companies using voluntary carbon offsetting were conducted during February - March in 2020. Theresult was analysed through the ethical theories consequentialist and duty-based theory to understand theirunderlying ethical view in relation to their carbon offsetting. The result showed that there are two primaryreasons as why companies use voluntary carbon offsetting. The first reason is that voluntary carbon offsettingis a part of their strategy to reduce their climate impact, and the second reason is to gain the trust of customersand marketing themselves through voluntary carbon offsetting. The thesis concludes that for the companies’to best guarantee the expected outcome of their offsetting, and be compatible with the post-2020 carbonoffsetting, they should have a combination of consequentialist and duty-based underlying ethical view withstrong follow up. Furthermore, regardless of reason for using voluntary carbon offsetting, or their ethicalview towards the action, the companies may choose to move to the alternative of financially supportingthe host countries in their work to reduce their GHG emissions instead of offsetting post-2020.