The Sustainable Markets Initiative has announced that Carbon Clean has been awarded its 2023 Terra Carta Seal. The Seal recognises global companies which are actively leading the charge to create a climate and nature-positive future.
The Terra Carta Seal is awarded to companies which have demonstrated the success of a high-impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative’s ten Terra Carta Articles. The Articles underpin the Terra Carta, the Sustainable Markets Initiative’s guiding mandate which provides a roadmap and framework to accelerate the transition to an ambitious and sustainable future, placing Nature, People and Planet at the heart of global value creation.
Carbon Clean was founded to decarbonise hard-to-abate industries and support their transition to net zero emissions. The company is revolutionising industrial carbon capture with its breakthrough technology, CycloneCC, which solves the biggest barriers to widespread adoption of industrial carbon capture: cost and space. As a modular, standardised and cost-effective solution, CycloneCC will be key in scaling the deployment of CCUS to achieve net zero by 2050.
CycloneCC has been selected by ADNOC for a carbon capture project at Fertiglobe’s plant located in the Al Ruways Industrial Complex, Abu Dhabi. The project is the first deployment of a 10 tonnes per day CycloneCC industrial unit anywhere in the world. It brings Carbon Clean a step closer to achieving full commercialisation of this modular solution, which will play a vital role in decarbonising heavy industry.
Carbon Clean joins 16 other companies spanning multiple geographies and industries to be awarded the 2023 Terra Carta Seal. They include:
- Airbus
- Carbon Clean
- CDPQ
- DLA Piper
- EY
- Haier Smart Home
- Hitatchi
- LanzaTech
- Novartis
- Orange
- Ping An Bank
- Pollination
- ReNew
- Robertson
- Siemens Energy
- Soneva
- Sumitomo Mitsui Financial Group
Jennifer Jordan-Saifi, CEO, Sustainable Markets Initiative, said:
“The Sustainable Markets Initiative’s Terra Carta Seal recognises those companies which are taking great strides in delivering real-world outcomes. As we stand on the eve of COP28, public, private sector and philanthropic actors will come together at the inaugural Business and Philanthropy Climate Forum to bridge the gap between ambition and action. It is examples exemplified by the 2023 Terra Carta Seal winners that are helping to inspire and lead the way.”
Aniruddha Sharma, Chair and CEO, Carbon Clean, said:
“We are honoured to be recognised by the Sustainable Markets Initiative for our contribution to the global transition to net zero. Carbon Clean’s mission is simple: to deliver cost-effective, space-saving, modular carbon capture technology, enabling hard-to-abate industries to decarbonise at scale.”
The Terra Carta Seal was launched in 2021 at COP26 by His Majesty King Charles III when he was the Prince of Wales. Since its inception, the Sustainable Markets Initiative has awarded its coveted Seal to just 83 companies globally.
For the first time this year, the judging process involved independent, external partners Verdantix and the Expert Review Panel, who worked together to assess the eligibility and impact of each nominated project against recognised global sustainability criteria.
This year’s cohort of winners impressed the judges with the breadth and scope of their projects, which included pioneering use of hydrogen and engineering-based initiatives to support carbon emission reductions, such as Carbon Clean’s modular carbon capture technology, to the development of new frameworks to support the distribution of private capital, at scale, into transition-related infrastructure across the African continent.
David Metcalfe, CEO, Verdantix, said:
“We are privileged to work with the Sustainable Markets Initiative, contributing our expertise in independent evaluation to the judging process. We take great pride in being an integral part of this esteemed global initiative, alongside a distinguished and diverse panel of experts. Together, we are dedicated to acknowledging and applauding the companies who lead the way in demonstrating their commitment to creating a sustainable future.”
