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Climeworks Joins the World Business Council for Sustainable Development

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13 Sep, 2024

This post was originally published on WBCSD

Geneva, 12 September, 2024 – The World Business Council for Sustainable Development (WBCSD) announces that Climeworks, a global leader in carbon removal, has joined as its newest member. 

Climeworks develops, builds, and operates direct air capture plants to permanently remove CO2 from the air. In addition, the company offers individually curated portfolios of high-quality carbon removal solutions to its customers that comprise best-in-class engineered and nature-based approaches.

By partnering with WBCSD, Climeworks aims to collaborate with industry leaders to scale up carbon removal solutions, a critical component of the net-zero journey outlined by the Intergovernmental Panel on Climate Change (IPCC). This collaboration provides Climeworks with an opportunity to contribute its expertise in direct air capture and carbon removal to a broader, collective effort essential for meeting global climate targets.

We are delighted to join WBCSD and strengthen the global push towards achieving net-zero emissions together. While reducing emissions is essential, the IPCC clearly states that we must also actively remove existing and hard-to-abate CO₂ emissions from the atmosphere to reach true net zero. We look forward to bringing high-quality carbon removal into the bigger conversation about what corporate sustainability looks like today, an effort where WBCSD is paving the way.

- Matthias Henzgen, Director of Strategic Alliances at Climeworks

Through this partnership, Climeworks hopes to enhance the effectiveness of climate action by educating stakeholders on the importance of carbon removal in corporate climate strategies, advocating for supportive policies, and integrating these solutions into broader sustainability frameworks. The collaboration will empower both Climeworks and WBCSD members to accelerate the global transition to a sustainable future.

We welcome Climeworks to our community with great excitement. They have been a leading force in putting high-quality carbon removal on the map of climate solutions. Together, we will work to realize the potential of carbon removal in achieving a world where 9+ billion people live well within planetary boundaries.

- Peter Bakker, President and CEO of WBCSD, expressed his enthusiasm for Climeworks’ membership

Climeworks’ sustainability mission goes beyond goals; it forms the company’s purpose. With its service to permanently remove CO2 from the air for companies, organizations, and individuals, Climeworks is committed to mitigating global warming and ensuring that future generations inherit a healthier planet.

By joining WBCSD, Climeworks reinforces its commitment to lead, innovate, and drive transformative climate solutions that balance the needs of people and the planet. Together with WBCSD and its members, Climeworks is poised to make a meaningful impact on the global sustainability agenda.

The post Climeworks Joins the World Business Council for Sustainable Development first appeared on WBCSD.

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The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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