In partnering with Aspiration, Meta has pre-ordered 6.75 million metric tons of carbon removal credits with an expected delivery from 2027 through 2035. When businesses collaborate, they can combine their expertise, scale their efforts and create more significant impacts on sustainable development. The United Nations Sustainable Development Goals highlight the value that these partnerships bring to fighting the climate crisis, with the ability to drive innovation, mobilize resources, improve livelihoods and facilitate knowledge sharing, which are essential for tackling complex global challenges. Corporate partnerships can lead to significant benefits for both ecosystem restoration and local communities. Meta recently partnered with Aspiration Partners, a global climate finance firm, to engage in carefully selected nature-based projects.
Recent IPCC research highlights carbon removal as an effective mitigation tool to limit the planet's warming to 1.5 degrees Celsius.īut companies - even those as large as Meta - can’t do it alone. Reducing emissions is the most important priority, but to address residual emissions from hard-to-abate sectors, high-quality carbon removal projects are critical. To do so, Meta’s sustainability strategy is aligning with the Science-Based Targets initiative (SBTi), an organization that encourages businesses to set science-based emissions reduction targets. Meta has set a goal to reach net zero emissions across its value chain in 2030.
Yet with the IPCC warning that there’s little time left to act, companies must find a way to accelerate climate mitigation strategies.
Many companies have embarked on a net zero journey to address the climate crisis.
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