Tag: climeworks

UBS collaborates with neustark and Climeworks for removing CO₂ from the atmosphere

Stuart Mitchell

UBS has concluded long-term collaborations with two companies pioneering new carbon removal. Over the next 13 years, 39,500 tonnes of CO₂ will be removed from the atmosphere. Thanks to these collaborations, UBS fosters and supports the scale up of innovative carbon removal technologies. As part of UBS’s commitment to achieving net-zero energy-emissions from its own operations by 2025, the firm is collaborating with the two Swiss companies Climeworks and neustark, which are both pioneering new carbon removal technologies. These long-term commitments provide planning security for this important industry, help to…

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Climeworks becomes first supplier of long-term, technology-based carbon removal to Microsoft, as the companies sign a 10-year offtake agreement

Stuart Mitchell

In 2020, Microsoft announced its pioneering commitment to be carbon negative by 2030 and remove all of its historic CO2 emissions by 2050. One year later, Climeworks’ carbon dioxide removal was the only DAC solution selected by Microsoft for its first carbon removal portfolio, after successfully passing an extensive review process. Climeworks is proud to take its collaboration with Microsoft one step further by becoming its first long-term carbon removal supplier. The two companies signed a 10-year carbon removal offtake agreement, where Climeworks will permanently remove 10’000 tons of CO₂…

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LGT and Climeworks close one of the largest-ever direct air capture agreements – the financial services industry at the forefront of carbon removal

Stuart Mitchell

Recent developments, such as new initiatives launched during COP26 or the release of the new SBTi Net Zero Standard, prove that high-quality carbon removal must be an essential component of net zero roadmaps in addition to emissions reduction efforts. LGT, the world’s largest family-owned private banking and asset management group, has just signed a ten-year carbon removal agreement with Climeworks to remove 9’000 tons of CO₂ from the air – the largest-ever direct air capture agreement signed by a bank. LGT’s purchase is the third ten-year agreement for Climeworks within…

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BCG signs direct air capture partnership with Climeworks, a key step on the firm’s journey to net-zero climate impact by 2030

Stuart Mitchell

Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has signed a 10-year agreement with Climeworks. As part of the firm’s commitment to reach net-zero climate impact by 2030, BCG purchases Climeworks’ carbon dioxide removal service to capture carbon dioxide directly from the atmosphere and permanently store it underground. This 10-year agreement, the second for Climeworks, sends a strong signal to the market and proves that there is high long-term demand for measurable and permanent carbon dioxide removal already today, which is set to grow significantly. BCG’s commitment…

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Square, Inc. partners with Climeworks to remove 2’000 tons of CO₂ from the air

Stuart Mitchell

U.S. financial services company Square, Inc. has now signed a nine-year carbon removal agreement with Climeworks to permanently remove 2’000 tons of CO₂ from the air. Square purchases 2’000 tons of CO₂ removals from Climeworks as part of its net zero carbon commitment Square, Inc. commits to long-term carbon removal on top of emissions reduction efforts In December 2020, Square, Inc. announced its commitment to become net zero for operations by 2030. To achieve this, the company is actively reducing its own carbon footprint and pairing this with a growing portfolio…

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