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
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
