Shopify received its first carbon removal deliveries from Running Tide and Climeworks
Stacey Kauk · The challenges of building a carbon removal portfolio · Feb 29, 2024 · at 7:05
Stacey Kauk, Head of Sustainability at Shopify, details the multi-year timeline required between signing 2020 off-take contracts and receiving physical carbon credits.
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“Things have started to change in the back half of 2023 where we got our first ocean deliveries from Running Tide, and then our first DAC credit delivery from Climeworks, which is the first batch of credits we've received from them from the contract that we signed in 2020.”
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“So when we started, we began, it was, we didn't trust a credit that came out against an established protocol on a existing registry.
We reviewed everything and went through it and set ourselves a new internal standard for what we would buy.
so no, we do that …”