Milkywire, a Sweden-based climate and nature solutions provider, has finalized $5 million in carbon removal pre-purchase agreements for Salesforce, a prominent CRM solutions provider. These agreements involve 19 suppliers implementing various carbon removal technologies to bolster emerging methods with significant long-term potential. As a strategic move towards sustainability, Salesforce is intent on advancing its ecological objectives.
In the past, Salesforce’s climate action aligned primarily with participation in global environmental initiatives and setting ambitious sustainability goals. The most recent agreements mark a shift towards actively investing in novel carbon removal projects, indicating its proactive role in the decarbonization landscape. These efforts reflect Salesforce’s broader commitment to climate goals, as seen through its historical involvement in the First Movers Coalition (FMC).
What Technologies Are Supported?
The pre-purchase agreements cover a range of carbon removal methods such as biochar, BioCCS, next-gen direct air capture (DAC), enhanced rock weathering, biomass storage, and mineralization. Such diversity in removal approaches showcases a commitment to fostering frameworks with high long-term promise. By augmenting these emerging technologies, Salesforce and Milkywire are paving the way for future advancements in the carbon removal sector.
How Do Projects Benefit Beyond Carbon Removal?
In addition to reducing carbon emissions, many projects involved in the deals offer additional benefits, including enhanced soil health, improved waste management, reduced air pollution, and local economic growth. This multidimensional impact highlights a broader vision beyond purely environmental gains, touching on socioeconomic factors that contribute to sustainable development.
Suppliers in this portfolio include companies like Kairos Carbon, developing a BioCCS pathway using wet organic waste, and Flux, which employs a natural mineral feedstock for enhanced rock weathering. These suppliers are integral components of the diverse efforts to not only trap carbon but also provide auxiliary advantages in agriculture and local industries.
“Scaling carbon removal goes beyond purchasing existing technology; it involves supporting the technologies necessary for future ecosystems,” stated Robert Höglund, Head of Climate Strategy and CDR at Milkywire. This outlook is shared by Salesforce, emphasizing investments in projects that, while novel and untested, promise substantial future contributions to emissions reduction.
Salesforce’s approach reflects an understanding that combating climate change requires immediate, innovative strategies. “Companies need to invest in solutions ahead of them being proven at scale,” said Jamila Yamani, Director of Climate and Energy at Salesforce. Their collaboration with Milkywire underscores a commitment not only to invest financially but to actively participate in the evolution of efficient carbon removal methodologies.
These initiatives indicate expanding interest in not just reactive carbon offsetting but strategies fostering potential technologies poised to offer scalable environmental remediation. Building a resilient supply of carbon removal solutions demands supporting early-stage technologies and encouraging innovation through dedicated financial backing and strategic alliances.
