Company Directory - Climeworks
Company Details - Climeworks
Climeworks
WebsiteClimeworks is a pioneering company that specializes in carbon removal technology, aiming to combat climate change through innovative solutions.
CCI Score
CCI Score: Climeworks
38.17
-0.03%
Latest Event
TikTok Partners with Climeworks for Carbon Removal Deal
Climeworks has entered into a partnership with TikTok to provide carbon removal credits through its direct air capture technology. The deal is part of TikTok’s sustainable advertising campaign aimed at reducing the environmental footprint of its operations, aligning with broader efforts by tech companies to invest in innovative climate solutions.
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DISSENTER
Climeworks is currently rated as a Dissenter.
Latest Events
- FEB212025
Climeworks has entered into a partnership with TikTok to provide carbon removal credits through its direct air capture technology. The deal is part of TikTok’s sustainable advertising campaign aimed at reducing the environmental footprint of its operations, aligning with broader efforts by tech companies to invest in innovative climate solutions.
+50
Business Practices and Ethical Responsibility
April 11
This partnership underscores Climeworks' commitment to ethical business practices by leveraging its innovative carbon removal technology to support a major platform’s sustainability goals. By aiding TikTok in reducing its carbon footprint through environmentally responsible practices, the deal promotes corporate responsibility and progressive climate action.
- JAN222025
Climeworks became the first carbon removal company to secure third-party certification under the Puro Standard for its Direct Air Capture with storage at the Orca plant in Iceland. The certification, verified by DNV, reinforces its commitment to high-integrity practices and robust MRV (monitoring, reporting, and verification) in the voluntary carbon market.
+70
Business Practices and Ethical Responsibility
April 11
Climeworks’ achievement of third-party certification under the Puro Standard, validated by an independent body (DNV), demonstrates a strong commitment to transparency, ethical business practices, and industry integrity. Such efforts help ensure accountability in the voluntary carbon market and align with high standards that protect environmental and public interests.
- FEB202024
On February 20, 2024, Climeworks welcomed the provisional political agreement reached by the European Council and European Parliament on the Carbon Removal Certification Framework (EU CRC-F). The framework aims to certify permanent and temporary carbon removal methods with an emphasis on transparency, third‑party verification, and sustainability, thereby enhancing the integrity of voluntary carbon markets and supporting future compliance market integration.
+40
Public and Political Behavior
April 11
Climeworks’ public endorsement of the provisional EU CRC-F agreement reflects a proactive stance in supporting stringent regulatory measures and transparency in the deployment of carbon removal technologies. By welcoming this framework, the company aligns with progressive policy measures that enhance accountability and integrity in the climate mitigation space, countering any tendencies towards corporate environments that might otherwise bypass regulatory oversight.
Climeworks welcomes provisional agreement on EU CRC-F framework
- DEC312023
According to OpenSecrets, Climeworks AG spent $240,000 on lobbying efforts in 2023, focusing on energy and nuclear power issues. This data indicates the company's active engagement in shaping policy, a move that can undermine democratic accountability.
-40
Political Contributions and Lobbying Efforts
April 11
Climeworks AG's $240,000 lobbying expenditure in 2023, as documented by OpenSecrets, points to an active effort to influence policy in the energy and nuclear power sectors. Such corporate lobbying, if unchecked, can prioritize corporate interests over public accountability, potentially contributing to authoritarian influences in policymaking.
- OCT012023
Climeworks announced the development of Community Benefits Plans (CBP) for its three proposed DAC hubs selected by the U.S. Department of Energy. The CBPs emphasize robust community engagement, the creation of quality jobs, support for apprenticeships, and the advancement of Diversity, Equity, Inclusion, and Accessibility, aiming to ensure lasting benefits for local and traditionally underserved communities.
+80
Labor Relations and Human Rights Practices
April 11
Climeworks' initiative to implement a Community Benefits Plan that emphasizes two-way communication, quality job creation, and DEI measures demonstrates a strong commitment to labor rights and social responsibility, contributing positively to community welfare.
+70
Economic and Structural Influence
April 11
The strategy to develop local supply chains and involve community stakeholders in planning highlights Climeworks' efforts to generate positive economic and structural influence at the regional level, benefiting local economies and enhancing community resilience.
- JAN012023
Climeworks achieved the first third‐party certification for its direct air carbon capture technology in early 2023, validating its innovative approach to permanently storing CO2 underground. The certification not only marks a technological milestone in the fight against climate change but also supports progressive public policy efforts with ongoing engagement in government-supported initiatives like the U.S. Department of Energy programs and the Inflation Reduction Act.
+40
Public and Political Behavior
April 11
Climeworks’ active role in aligning its operations with progressive public policy—evidenced by its engagement with government initiatives supporting renewable and sustainable energy—demonstrates a commitment to public and political behavior that counters authoritarian and regressive practices. This involvement benefits broader communities vulnerable to climate change.
Masters of Scale: Turning point for a climate-crisis solution, with Christoph Gebald
+80
Technology and Services Impact
April 11
Achieving third-party certification for carbon removal technology marks a significant technological breakthrough. This milestone validates Climeworks’ innovative approach to direct air capture, promoting sustainable solutions and contributing to the mitigation of climate change—an outcome that protects marginalized communities affected by environmental degradation.
Masters of Scale: Turning point for a climate-crisis solution, with Christoph Gebald
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