It looks like you’re browsing from Netherlands. Click here to switch to the Dutch →
In a significant move towards sustainability, Meta, the tech giant formerly known as Facebook, has entered into a groundbreaking agreement with Aspiration Partners, a global climate finance firm. The deal—a staggering 6.75 million carbon credits—marks a pivotal moment in Meta's quest to achieve net-zero emissions by 2030.
Group of elephants in an African savanna.
As part of its commitment to environmental sustainability, Meta has been actively investing in carbon removal initiatives. This latest partnership with Aspiration adheres to the rigorous Science-Based Targets initiative (SBTi) standards, encompassing Meta's entire value chain.
Aspiration has been a trailblazer for over a decade in developing innovative carbon removal solutions, supplying top-tier companies with high-quality nature-based carbon credits. Through this collaboration, Meta has made a forward-looking decision to purchase nearly 7 million tonnes of carbon dioxide removal (CDR) credits from Aspiration, with delivery scheduled between 2027 and 2035.
The acquired credits will originate from an array of carbon projects managed by Aspiration, focusing on nature-based climate solutions. These projects encompass a diverse range of ecosystem restoration efforts, including native reforestation, agroforestry, and sustainable agricultural practices.
Tracy Johns, Meta's head of the carbon removal programme, emphasised the pivotal role of carbon credits in realising their net-zero ambitions. Johns stated, ‘Through our carefully selected partnerships and projects like this carbon credit purchase with Aspiration, we aim to manage and minimise our environmental impact while accelerating our path to net zero in a responsible and scalable manner.’
Aspiration was the ideal choice for this partnership due to its stringent evaluation process for natural carbon removal solutions. The California-based sustainability firm ensures that the projects it supports meet rigorous criteria for quality, legitimacy, and accountability, collaborating exclusively with esteemed project developers and independent verifiers.
Olivia Albrecht, CEO at Aspiration, underscored the significance of corporate commitments in driving transformative climate initiatives, stating, ‘Many of these projects wouldn’t be able to get off the ground without this type of corporate commitment, which illustrates how companies can amplify their efforts and make a more significant impact on global climate goals.’
In addition to supporting nature-based carbon removal projects, Meta, in collaboration with Stripe, Shopify, McKinsey, and Google, has collectively allocated approximately $1 billion to develop technology-based carbon removal solutions. Recognising the critical role of both natural and technological approaches, this multifaceted strategy is crucial in achieving the world's 2050 net-zero emissions target.
While the United Nations has expressed a preference for nature-based carbon removals, it is important to note that the final decision on this matter is pending. Nonetheless, Meta's partnership with Aspiration underscores the growing recognition of nature-based carbon credits as integral components of corporate climate and sustainability strategies.
With this bold and visionary agreement, Meta solidifies its commitment to a more sustainable future and showcases its determination to contribute to global net-zero targets. By investing in nature-based solutions, Meta not only contributes to their own net-zero goals but also provides crucial support to companies working on ecosystem restoration and sustainable practices. This collaboration sends a strong signal to the industry, encouraging further innovation and investment in nature-based carbon removal initiatives.
The significance of Meta's partnership with Aspiration extends beyond the immediate carbon credits deal. It sets a precedent for other companies to follow suit, recognising the value of nature-based solutions in addressing climate change. This collaboration amplifies the collective impact and fosters collaboration between technology giants and sustainability firms, forming a powerful alliance in the pursuit of a more sustainable future.
At DGB Group, we are driven by a shared mission to protect the environment and create a more sustainable future. We aim to help nature flourish and to set a precedent for transparency and accuracy in the carbon credit market. We develop and manage large-scale nature-based projects of the highest quality and aim to deliver AAA carbon credits that help companies reach their net-zero goals. Through these initiatives, we restore habitats, enhance ecosystem resilience, and create a harmonious coexistence between humans and nature. By harnessing the power of nature and applying sustainable practices, we can make a tangible difference in safeguarding the planet for future generations.
As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.
Dubai is set to introduce a groundbreaking carbon credit mechanism at the upcoming UN Climate Change..
In a momentous stride towards ecological revitalisation, $224.5 million has been committed to the Ma..
In a remarkable feat, South Korea's Ecoeye Co has turned into a significant player in the carbon mar..
Asian Development Bank's environmental envoy, Warren Evans, advocates for a rise in the average pric..