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
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
