Companies are increasingly investing in carbon removals to offset emissions
Corporations commit more than $1bn towards carbon removals
JP Morgan, Autodesk, Workday and H&M commit to purchasing combined $100mn of carbon removals via the Frontier initiative by 2030
Carbon removals initiative Frontier has topped $1bn in corporate purchase commitments, as four new members—financial services firm JP Morgan, US software companies Autodesk and Workday, and clothing firm H&M—commit to purchasing a combined $100mn in removals by 2030. Frontier was founded by major tech firms Alphabet, Meta, Shopify and Stripe alongside management consultancy McKinsey, which pledged a combined $925mn towards permanent carbon removals over the next eight years. The initiative has also partnered with enterprise climate platform Watershed, bringing in further purchasing power from companies such as graphic design platform Canva, software provider Zendesk, health consultancy A
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