Climate change is a pressing global concern for individuals and enterprises alike. One major challenge in carrying out actions towards climate has been investment. Financial commitment is an urgent issue that underscores the ongoing need for sustained climate action. Today, let's have a look at the recent investment made by Salesforce to advance climate action and promote sustainability in their operations and broader impacts.
In terms of commitment to climate action, Salesforce has reaffirmed its leadership in corporate sustainability with a series of impactful commitments aimed at combating climate change. The company announced a $25 million investment in carbon removal technologies through the Frontier coalition, dedicated to advancing scalable solutions that store carbon for over 1,000 years without competing for arable land. This initiative is part of Salesforce's broader goal to contract $100 million in carbon dioxide removal solutions by 2030, supporting its commitment as a founding member of the First Movers Coalition.
In addition to its carbon removal efforts, Salesforce has signed its first European Virtual Power Purchase Agreement (VPPA) with Qualitas Energy, supporting a 27-megawatt solar portfolio in Italy. This agreement is expected to reduce over 21,500 metric tons of CO2 emissions annually and includes community-focused investments to address local environmental needs.
As a a statement of assurance, Suzanne DiBianca, EVP and Chief Impact Officer at Salesforce, emphasized the company's comprehensive approach to climate action, which includes philanthropic grants totaling $3.95 million to support clean energy transitions and equity-focused initiatives.
For more information on this initiatives read the full details here.
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