Deloitte Canada reaches agreement for carbon credits with CarbonCure

As part of Deloitte Canada’s commitment to sustainability and climate action, the firm has announced a multi-year agreement with CarbonCure Technologies for the purchase of high-quality carbon credits. Through this agreement, Deloitte said it will directly support the deployment of CarbonCure’s carbon removal technologies around the globe.

Recognized as the North American Cleantech Company of the Year in 2020, and grand prize winner of the Carbon XPRIZE in 2021, the Halifax-based firm has developed technologies that, according to a release, “inject captured and liquefied CO2 from industries and Direct Air Capture (DAC) into concrete. This not only permanently stores CO2, but increases the concrete’s strength, resulting in economic and climate benefits.”

The multi-year agreement, it said, helps evolve Deloitte’s carbon management strategy to support development and scale of meaningful market solutions.

“Corporate buyers play a critical role as early investors in climate solutions that enable decarbonization of high-emitting industries and permanent carbon removal,” said Sheri Penner, managing partner of purpose and sustainability at Deloitte Canada. “Supporting the development and verification of high-quality carbon removal credits is crucial to scale the gigaton market that is needed to meet net-zero.”

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