Climate solutions provider Watershed announced today the launch of a new request for proposals (RFP), aimed at adding 1 megatonne (1 million tonnes) of carbon removal credits to its decarbonization-focused platform for companies.

According to Watershed, the new RFP is being opened amidst growth in its customer base, with the company forecasting a need for 1 million tonnes of carbon removal credits to address customer demand over the next 18 months.

Founded in 2019, San Francisco-based Watershed provides and enterprise sustainability platform enabling companies to measure, report, and reduce their greenhouse gas emissions, to meet their climate goals and address regulatory sustainability reporting requirements. The company’s solutions include a climate database for granular emissions measurement, software tools for sustainability reporting and supply chain engagement, and a marketplace for companies to access carbon removal and clean power projects.

Watershed’s marketplace enables companies to build a portfolio of carbon removal and clean power projects, with Watershed vetting decarbonization projects for attributes including quality, environmental impact, and climate risk.

The new RFP aims to procure both nature-based and engineered removals, with Watershed noting that it is “seeking new carbon partners to diversify and increase the breadth of projects currently available to our customers to build high-impact, de-risked portfolios.”

The company added:

“Watershed’s diverse customer base requires a range of solutions, which is why we are launching the first RFP in the market to procure both nature-based and engineered removals together.”