Boston Consulting Group Purchases Over 50,000 Tonnes of Carbon Removal through ClimeFi
We’re proud to share that Boston Consulting Group (BCG) has taken another significant step toward achieving its climate goals with the purchase of 50,250 tonnes of carbon dioxide removals (CDRs) through ClimeFi.
This transaction, the second largest to date for BCG, brings the firm’s total durable CDR purchases to nearly 200,000 tonnes. As noted by CDR.fyi, an independent reporting platform, this secures BCG’s position BCG among the top 10 global buyers of durable CDR.
By collaborating with ClimeFi, BCG accessed a portfolio of high-quality durable carbon removal solutions and ongoing tracking of project performance over time. The portfolio’s diverse range of methodologies reflect BCG’s dedication to supporting an array of technological innovations in the carbon removal space.
In addition to increasing the share of biochar in its portfolio through new projects by Exomad Green and Euthenia Energy, BCG continues to diversify into new CDR technologies. The portfolio includes: Lithos, a company which uses enhanced rock weathering to capture CO2 in minerals; Andes, who employ microbial mineralization to accelerate natural carbon removal processes; O.C.O Technology Ltd, which focuses on concrete mineralisation to lock CO2 into building materials; and Graphyte, which specialises in biomass burial to store carbon in permanent subsurface storage sites.
Through this diverse set of technologies, BCG is helping to scale solutions across multiple approaches to carbon removal. This helps to ensure a balanced and robust portfolio of technologies that complement one another and provide a diversification of project risks.
To learn more about this exciting milestone, read the full press release here.
Learn More About Buying Carbon Removal and Upcoming Purchases
If you’re interested in becoming a buyer through ClimeFi or would like to participate in our upcoming purchase cycles, get in touch with us at procure@climefi.com.
Carbon removal suppliers in the pre-commercial or deployment stages are also welcome to connect with us at cdr@climefi.com.