Raw: [
Energy and electrification advisory, services, and software solutions provider Schneider Electric announced today a new […]]
Schneider Electric Signs Long-Term Carbon Removal Agreement with Climeworks – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Resources
Events
About About us
Our Team
Advertise With Us
Companies/ Environment
Schneider Electric Signs Long-Term Carbon Removal Agreement with Climeworks
Mark Segal
September 19, 2025
Energy and electrification advisory, services, and software solutions provider Schneider Electric announced today a new agreement with carbon removal solutions provider Climeworks to remove 31,000 tons of CO2 through a range of solutions by 2039, as well as a new collaboration on solutions aimed at bringing down the cost of Direct Air Capture (DAC) CO2 removal.
The deal marks Schneider Electric’s first purchase of high-durability carbon removal, complementing its existing investments in nature-based carbon removal. Schneider Electric has committed to becoming net zero across its entire value chain by 2050, and to achieve a 90% reduction of CO2 emissions for Scope 1 and 2, by 2030. The company said that the carbon credits will neutralize a portion of the estimated residual emissions once it achieves its target.
Esther Finidori, Chief Sustainability Officer at Schneider Electric, said:
“This agreement represents an important step in diversifying our carbon removal portfolio with high-durability solutions and adds to our carbon removal capabilities as we prepare for the journey to 2050.”
Founded in 2009, Zurich-based Climeworks provides carbon removal solutions for companies, including its own DAC technology, with the company operating the world’s first two DAC plants. In 2024, Climeworks announced the launch of Climeworks Solutions, a new service providing companies with tailored,high-quality carbon removal portfolios, spanning a broad range of carbon removal technologies and solutions, such as afforestation and reforestation, biochar, bioenergy with carbon capture and storage, and enhanced rock weathering, as well as DAC.
The new offtake agreement encompasses three high-durability solutions, which can each store CO2 for thousands of years, including Direct Air Capture and Storage, Bioenergy with Carbon Capture and Storage, and Enhanced Rock Weathering.
Alongside the offtake agreement, Schneider Electric and Climeworks also announced a new collaboration, targeting technology solutions aimed at enhancing energy efficiency and supporting the cost-reduction trajectory of Direct Air Capture.
Christoph Gebald, co-CEO and co-founder of Climeworks said:
“Demand for solutions that can store CO2 permanently will only grow, making early access essential for forward-looking companies. Our collaboration will not only help to further accelerate the cost-reduction trajectory of Direct Air Capture, but also demonstrates that climate action and economic foresight go hand in hand—and carbon removal is where they meet.”
Finidori added:
“Here’s an emerging industry, where early engagement catalyzes the scale-up of a wide range of technologies and supports the path for Schneider Electric and others in the future. In Climeworks, we have found a partner with unparalleled history and know-how in the carbon removal industry, showing time and again what’s possible.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
Related Posts
Companies /
Mercedes-Benz to Build One of the Most Powerful Wind Farms in Germany
Environment /
Australia Sets Goal to Reduce GHG Emissions by 62% – 70% by 2035
Companies /
Microsoft Signs $6 Billion Deal for 100% Renewable Energy-Powered AI Computing Capacity
‹ Volo Earth Raises $135 Million for Early-Stage Climate Tech Venture Fund
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Galvanize Launches $1.3 Billion Strategy to Finance Energy Transition Value Chain
Green Data Center Developer Soluna Secures $100 Million Financing from Generate Capital
European Court Rules Nuclear, Fossil Gas Can be Included in EU Taxonomy
Eni, CDP JV GreenIT Raises €370 Million to Develop New Renewable Energy Projects in Italy
Government
Australia Sets Goal to Reduce GHG Emissions by 62% – 70% by 2035
Singapore Signs Deals for More than 2 Million Tonnes of Nature Based Carbon Credits
Texas Launches Investigation into Glass Lewis, ISS for Supporting ESG, DEI
European Court Rules Nuclear, Fossil Gas Can be Included in EU Taxonomy
Categories
Select Category
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2025
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!