San Francisco — September 20, 2022 — Salesforce (NYSE: CRM), the global leader in CRM, today introduced Net Zero Marketplace, a trusted platform that makes carbon credit purchases simple and transparent, allowing organizations to accelerate climate positive impact at scale.
The global voluntary carbon market is estimated to grow to $50B by 2030 as many organizations race to achieve their net zero commitments. Yet, organizations may not always know how to build a carbon credit portfolio — or even where to start. What's more, the path to purchasing carbon credits is complex, and buyers want to trust that the carbon credit projects have a positive impact.
Net Zero Marketplace, built on Salesforce's Commerce Cloud, connects buyers and ecopreneurs — environmentally-focused entrepreneurs who lead and drive climate action worldwide — offering a catalog of third-party rated carbon credits and a seamless ecommerce experience for purchasing them. Net Zero Marketplace also features a climate action hub where anyone — businesses or individuals — can learn about climate issues.
“The uptick in extreme weather events shows that no one is spared from climate change — we need smart climate solutions now," said Suzanne DiBianca, EVP and Chief Impact Officer, Salesforce. “Businesses aiming to achieve long-term emission reductions can complement their efforts with high-quality carbon credits. Net Zero Marketplace brings together Salesforce's values, technology, and commitment to ecopreneurs to accelerate climate action."
We are at an “all-of-the-above" moment in the climate crisis. Carbon credits are one important tool that – when made and used well – can play a critical role in an organization's comprehensive climate strategy.
“The first step of anyone's net zero journey is clearly reducing emissions. But we now know that reducing self-generated emissions is not going to be enough," said Christiana Figueres, former Executive Secretary, UN Convention on Climate Change and Co-Host, Outrage and Optimism.
We're at a moment in the climate emergency in which we need to put everything on the table. Carbon credits are a way to incentivize further emissions reductions by placing a price on carbon and making an impact now, while other climate efforts are also underway.
Christiana Figueres, Former Executive Secretary, Un Convention on Climate Change
Carbon credit projects go through a series of independent verifications against global standards. If they pass the verification process, the projects can issue carbon credits that can then be sold. Projects can include forest conservation, tree planting, wind farms, solar cookstoves, or better farming methods.
Finding and verifying a carbon credit's quality can be difficult and time-consuming. Net Zero Marketplace eliminates the uncertainty by aggregating and publishing third-party ratings for projects not locked behind paywalls or account registrations. This level of transparency helps empower organizations to determine which carbon credits are best for them.
New partners announced today include ecopreneurs who bring innovative, diverse projects to support decarbonization and trusted ratings companies with expertise in identifying projects that deliver real climate benefits.
“Sylvera and Salesforce share the same mission of bringing transparency and trust to carbon markets to drive real climate impact. Quality carbon projects are a powerful and necessary tool to fight climate change, but reliable data and investment is needed to unlock their full potential," said Sam Gill, co-founder and COO, Sylvera. “With Sylvera's ratings, Net Zero Marketplace users can discover projects that deliver real climate benefits."
Partnering with Salesforce to create this marketplace will turbocharge climate action and empower every company — large and small — to take responsibility for its emissions. We are proud to provide high quality offsets to clients who understand the value of compensating for their impact on the environment. There is no time to waste, let's take action today.
Renat Heuberger, CEO, South Pole.
At launch, Net Zero Marketplace will offer nearly 90 projects across 11 countries throughout Africa, Australia, Europe, Latin America, and the United States. Buyers will be able to see project descriptions, alignment with the UN Sustainable Development Goals, and, for many, official third-party ratings.
Any organization can access Net Zero Marketplace and buy carbon credits. For organizations currently using Net Zero Cloud, Salesforce's carbon accounting solution, the credits are also easily integrated into the platform and will be tracked against their current emissions. Buyers will also get updates on project progress, which will encourage reinvestment.
Net Zero Marketplace will be available for carbon credit purchases in the United States starting in October 2022, and will be expanding to additional markets in 2023.
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
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