The phrase "a means of offsetting" is correct and usable in written English.
It can be used when discussing methods or strategies to counterbalance or compensate for something, such as costs or negative effects.
Example: "The company implemented a means of offsetting its carbon emissions through various sustainability initiatives."
Alternatives: "a way to counterbalance" or "a method of compensating".
Inflationary tendencies have directed attention to stocks as a means of offsetting rising prices.
Mr. FitzGerald was an ardent supporter of the European Union as a means of offsetting Britain's overwhelming economic influence in his country.
As a means of offsetting the effects of inflation, some Latin American countries introduced an adjustment into the measurement of income from business and capital.
Labor costs have increased markedly since Congress raised the minimum wage and eliminated tip credits as a means of offsetting wage expense.
See also id., at 27 ("As noted earlier, the District has a reservoir system allowing carryover from wet years to supply water during periods of shortage. Therefore, the user most affected does have a means of offsetting the possible shortage").
Indexation, in fiscal policy, a means of offsetting the effect of inflation or deflation on social security payments and taxes by measuring the "real value" of money from a fixed point of reference, usually a price index.
Rajan is more resigned, accepting game development's role in his life as a hobby, a means of creation used to offset the work of being productive for other people.
As such, our results indicate that musical training may serve as a means to offset the effects of age-related communication disorders by improving hearing in noise – an everyday listening skill – through the enhancement of auditory-related perceptual and cognitive functions.
Many diary producers made the decision to construct these systems as a means to offset the growing costs of electrical energy as well as to gain the other benefits of anaerobically digesting manure.
One means of offsetting or slowing down age-related declines may be through engaging in mentally stimulating activities [93], such as musical practice [94].
The referenced article reported that the Irvine Unified School District will be seeking voter approval for a maintenance assessment district as a means of raising money to offset a portion of that district's devastating revenue shortfall from the state.
