Commercial, GHG Emissions - May 26, 2022
Salesforce Invest $100 Million for Carbon Removal Technologies
Salesforce announced plans to purchase $100 million of durable carbon credits from technologies that remove carbon from the atmosphere at scale. The investment is a part of an initiative from the First Movers Coalition, a group announced by President Biden at COP26, which aims to harness the purchasing power of companies to decarbonize “hard to abate” industrial sectors.
With its commitment, Salesforce will help scale Carbon Dioxide Removal (CDR) solutions through 2030. As a Founding Member of the Coalition, in 2021, Salesforce also committed to replacing 5% of its conventional jet fuel usage with low- and no-carbon alternatives by 2030.
“We’re in a climate emergency and the world needs bold climate action now. We must bring disruptive clean technologies to market at scale to meet our climate goals,” said Suzanne DiBianca, Chief Impact Officer, Salesforce, in a statement.
Carbon dioxide removal technologies are an important piece of the global journey to net zero. Carbon Dioxide removal is the process of removing carbon dioxide from the air and locking it away.
Salesforce’s Climate Action Plan focuses on six sustainability priorities, including carbon removal and continues its work with 1t.org to grow the trillion trees global movement.
As part of its commitment to 1t.org, Salesforce announced a goal of 100 million trees by the end of 2030. Since then, Salesforce has supported over 20 projects throughout the world and, to date, has funded over 43 million trees.