Boston Consulting Group (BCG) announced that it has purchased 50,250 tonnes of certified carbon dioxide removals (CDRs) through CDR portfolio manager ClimeFi, to be delivered over the next two years, and spanning a broad set of carbon removal technologies.

The agreement marks the second largest CDR purchase to date for BCG, following the company’s commitment to neutralize 100% of its emissions through high-quality carbon removal credits by 2030 and to remove more carbon from the atmosphere than it emits beyond 2030.

It also sets BCG within the top 10 global carbon removal buyers, according to CDR platform CDR.fyi, with nearly 200,000 tonnes purchased to date.

David Webb, BCG’s Chief Sustainability Officer, said:

“By continuing to expand the CDR technologies we support, we are not only securing high-quality durable removals to neutralize our emissions, but helping to unlock the potential of these technologies to contribute to global climate targets.”

Founded in 2022, France-based ClimeFi partners with companies to build a portfolio of certified CDR assets. The technologies included in the BCG purchase include enhanced rock weathering (ERW) by provider Lithos Carbon, microbial carbon mineralization on agricultural fields by Andes, concrete mineralization by O.C.O, and subsurface biomass storage by Graphyte. By using a diverse set of technologies, BCG said that the agreement will help scale multiple approaches to carbon removal.

Paolo Piffaretti, CEO of ClimeFi, said:

“We are delighted to be collaborating with BCG and helping them to expand their carbon removal portfolio via this new series of transactions. BCG continues to demonstrate leadership in driving the CDR market forward and their desire to explore diverse CDR solutions is critical to ensuring the sustainable growth of the market.”