Figma's Carbon Removal Deal Shows New Way to Fight Climate Change
Figma, a collaborative design tool company, is joining the ranks of tech heavyweights like Google and Microsoft in the effort to curb carbon emissions.
The San Francisco-based company said Friday it will pay Charm Industrial $250,000 to store 400 tons of carbon by 2025, part of the company's plan to become carbon neutral by 2040. The carbon stored will counter emissions Figma's activities put into the atmosphere, according to Praveer Melwani, Figma's head of business operations and finance.
Charm, called bio-oil sequestration, converts plant matter into a carbon-rich liquid and then stores it underground in places that once held natural gas or oil.
"We're helping them start to scale their own business and technology, which we think is going to be really essential for tackling climate change," Melwani said in an exclusive interview.
Figma's deal, unveiled on Earth Day, won't tip the scales in the fight on climate change. Still, it's part of a growing trend of corporate actions that indicate companies around the world are incorporating carbon neutral pledges into their corporate missions for practical and ethical reasons.
Full story: https://www.cnet.com/news/figmas-carbon-capture-deal-shows-new-way-to-fight-climate-change/
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Earl Wentz
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93 w
As far as I know, the Earth Day pact announced by Figma won't make a significant difference in the fight against global warming. However, it is a part of a developing pattern of corporate behavior that shows organizations all over the world are adopting carbon neutral promises into their business missions for both pragmatic and moral considerations. https://rocketbotroyale.com
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93 w
As far as I know, the Earth Day pact announced by Figma won't make a significant difference in the fight against global warming. However, it is a part of a developing pattern of corporate behavior that shows organizations all over the world are adopting carbon neutral promises into their business missions for both pragmatic and moral considerations. https://rocketbotroyale.com
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150 w
this is great