Wise Invests £500,000 in Climate-Vulnerable Regions Through Carbon Removal Partnership
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📰 The quick summary: Tech company Wise invests £500,000 in carbon removal projects across Latin America and Asia-Pacific, targeting both environmental gains and substantial community benefits in climate-vulnerable regions.
📈 One key stat: Wise’s £500,000 (approximately $677,120) investment will support high-impact carbon removal initiatives in some of the world’s most climate-vulnerable regions, creating lasting environmental and social benefits.
💬 One key quote: “At Wise we believe that real climate impact comes from understanding local context and supporting solutions that work on the ground,” said Caroline Corbett-Thompson, Global Sustainability and Social Impact Manager at Wise.
1️⃣ The big picture: Global tech company Wise has formed a strategic partnership with carbon removal specialist Opna, investing £500,000 to support carbon removal projects in climate-vulnerable regions across Latin America and Asia-Pacific. The funding targets a mix of nature-based and hybrid solutions, including improved forest management and biochar production. Beyond simply removing carbon from the atmosphere, these projects aim to deliver substantial co-benefits like local employment, biodiversity conservation, and gender inclusion. This partnership represents a significant advancement in Wise’s environmental, social, and governance (ESG) strategy.
2️⃣ Why is this good news: This partnership brings much-needed climate action to regions most vulnerable to climate impacts while creating valuable co-benefits for local communities. The projects will generate employment opportunities, support biodiversity conservation, and promote gender inclusion alongside carbon removal. By focusing on both nature-based and hybrid carbon removal approaches, the investment helps develop diverse carbon removal methodologies needed for long-term climate stability. Opna’s approach goes beyond carbon metrics to evaluate projects based on community impact and sustainability, ensuring that environmental gains align with social benefits for lasting positive change.
3️⃣ What’s next: The funded projects will implement improved forest management and biochar production across target regions. Opna will continue evaluating initiatives beyond carbon metrics, ensuring they deliver on community impact and long-term sustainability. Wise’s ESG committee will monitor progress as part of the company’s broader environmental strategy, potentially expanding such investments in the future.
Read the full story here: Carbon Herald – Wise And Opna To Boost Carbon Removal In Latin America And Asia-Pacific
