Latest news with #RubiconCarbon
Business Wire
27-06-2025
- Business
- Business Wire
ByteDance Purchases more than 100,000 Units of Rubicon Carbon's Flagship Product, The Rubicon Carbon Tonne ®
MARINA DEL REY, Calif.--(BUSINESS WIRE)-- Rubicon Carbon, a leading carbon credit management firm, announced today that ByteDance, the global technology company behind content platforms including TikTok, has purchased the right to retire more than 100,000 tonnes of carbon credits. The credits were purchased through Rubicon Carbon's flagship carbon credit offering, the Rubicon Carbon Tonne ® (RCT), and represent a milestone on ByteDance's path toward achieving its carbon neutrality target by 2030 while also underscoring the company's commitment to high-integrity climate action. Rubicon Carbon Tonnes (RCTs) are actively managed portfolios of high-quality carbon credits from global projects, including nature-based, super pollutant, and carbon removal initiatives. Rubicon's science team ensures ongoing monitoring and integrity. Buyers secure access to premium credits at today's prices, reducing exposure to future cost spikes and supply issues. With expert management, RCTs offer confidence that retired credits will meet the highest standards and deliver measurable climate impact. The RCTs acquired by ByteDance include a carefully curated mix of nature-based avoidance credits and carbon removal credits designed to deliver both immediate climate impact and long-term carbon dioxide removal. 'We are thrilled to welcome ByteDance as a buyer of Rubicon Carbon Tonnes,' said Tom Montag, CEO of Rubicon Carbon. 'ByteDance's decision to invest in RCTs signals a serious, long-term commitment to climate leadership and a recognition that the path to net zero must be built on high-quality, durable carbon solutions. We're proud to play a role in helping them meet that goal.' To achieve its carbon neutrality goals by 2030, ByteDance aims to reduce at least 90% of its operational emissions, with the remaining 10% offset by carbon credits. Rubicon Carbon's team provided ByteDance with robust educational resources and advisory support, helping the company evaluate its purchases in the voluntary carbon market with confidence. 'We greatly appreciate the time and expertise that the Rubicon Carbon team invested to help us make high-value and impactful decisions within the carbon credit landscape,' said Ian Gill, Global Head of Sustainability at ByteDance. 'As we advance toward our 2030 carbon neutrality goal, it's critical that we build long-term relationships with trusted partners. This purchase marks an important step in that journey, and we look forward to continuing our collaboration with Rubicon Carbon.' The announcement builds on Rubicon Carbon's continued momentum as a trusted partner to global organizations seeking scalable, science-based climate solutions. The company's unique approach to carbon credit sourcing — combining rigorous project selection with a portfolio-based structure — ensures that every Rubicon Carbon Tonne meets the highest standards of environmental integrity. For more information about Rubicon Carbon and the Rubicon Carbon Tonne, visit About Rubicon Carbon: Rubicon Carbon is a carbon credit management firm that empowers the world's largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit About ByteDance: Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, Helo, and Resso, as well as platforms specific to the Chinese market, including Toutiao, Douyin, and Xigua, ByteDance has made it easier and more fun for people to connect with, consume, and create content. ByteDance's investors include Coatue, General Atlantic, KKR, Sequoia Capital, SIG, and Softbank.
Yahoo
18-06-2025
- Business
- Yahoo
Rubicon Carbon Unveils the Rubicon Rated Tonne, the First-Ever Carbon Credit Portfolio Rated by BeZero Carbon, Receiving an AAport Rating
The first Rubicon Rated Tonne has received an AAport rating under BeZero's new portfolio-specific methodology. This curated portfolio is designed for companies where procurement offices require third-party assessments of carbon credits. MARINA DEL REY, Calif., June 18, 2025--(BUSINESS WIRE)--Rubicon Carbon, a carbon credit management firm, today launched the Rubicon Rated Tonne (RRT), a new set of curated carbon credit portfolios for customers seeking credits with third-party verification. The first of these portfolios has received an AAport rating by BeZero Carbon, a leading independent carbon ratings agency, through its new Portfolio Rating framework, indicating that each portfolio credit has a very high likelihood of achieving one tonne of CO2e avoidance or removal. Rubicon Carbon develops portfolios of carbon credits to minimize the risks associated with carbon credit purchases, build buyer confidence, and catalyze investment in climate resilience projects. A complement to Rubicon Carbon's existing offering, the first RRT includes carbon removal, nature-based, and super-pollutant elimination projects. All of these projects have passed the company's stringent due diligence process and, in addition, have received an AAport rating based on the quality of their underlying credits. "We believe that growing the voluntary carbon market will require cooperation among industry leaders to build buyer confidence among companies seeking to make progress towards their sustainability goals," said Tom Montag, CEO of Rubicon Carbon. This partnership underscores Rubicon Carbon's and BeZero's shared commitment to transparency and environmental integrity. With risk-adjustment already built into the Rubicon Carbon Tonne, we're excited to bring third-party validation and rigor to this innovative approach. To qualify for a BeZero portfolio rating, all individual credits must be rated B or higher and have an additionality risk rating of 'b' or above. Additionally, at least 25% of the credits must match the portfolio's overall rating, none may be more than two notches below it, and lower-rated projects require additional credit retirements based on BeZero's discount schedule to ensure carbon integrity. By purchasing carbon credit portfolios that incorporate risk adjustment, buyers gain greater confidence in determining how many credits they need to effectively address their emissions, verified by BeZero's independent portfolio rating. The portfolio rating is time-stamped and updated regularly to ensure it reflects the latest portfolio composition. Tommy Ricketts, BeZero Carbon's CEO and co-founder, said, "We are thrilled to be partnering with Rubicon Carbon's team to bring a first-of-its-kind innovation for carbon markets, combining their portfolio of credits with BeZero's Portfolio Rating methodology." Ricketts added, "The BeZero Carbon Rating is an independent, live, public assessment of the risks individual projects face in achieving a tonne of CO2e. The portfolio uses our ratings and applies strict rules to give buyers greater confidence to make credible, risk-adjusted claims. It is a piece of market innovation that acknowledges the reality that not all carbon credits are created equal, while also recognizing the importance of investing in high-quality carbon projects to drive meaningful climate action." This launch is the latest in Rubicon Carbon's continued efforts to bring institutional-quality carbon solutions to market, helping global organizations invest in credible, scalable, and science-based climate action. For more information on Rubicon Carbon, visit the website or follow on LinkedIn. About Rubicon Carbon: Rubicon Carbon is a carbon credit management firm that empowers the world's largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit About BeZero: BeZero is the carbon ratings agency. Its ratings and risk products equip world-leading organisations with the knowledge, tools and confidence to make better climate decisions. Its aim is to scale investment in environmental markets that deliver a sustainable future. Visit and follow BeZero on LinkedIn and X to learn more. View source version on Contacts For more information, please contact:Rubicon Carbon Media Relationsrubiconcarbon@ +1 (714) 300-8748 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
Rubicon Carbon Enters into Agreement with Microsoft for Nature-based Carbon Removal Credits
MARINA DEL REY, Calif.--(BUSINESS WIRE)-- Rubicon Carbon, a leading carbon credit management firm, today entered into a framework agreement with Microsoft to facilitate the purchase of 18 million tonnes of high-quality carbon removal credits – one of the largest single-buyer commitments of its kind in the world. Each carbon removal transaction under this deal will be structured as 15- to 20-year offtakes, supporting a pipeline of individual Afforestation, Reforestation, and Revegetation (ARR) projects worldwide. A defining feature of this framework agreement is the scale of Microsoft's work in this space. By anchoring long-term offtake agreements, this deal demonstrates the growing role of corporate buyers in unlocking private investment for high-integrity carbon projects that might otherwise lack funding. 'Addressing climate change requires more than good intentions—it requires capital deployment at scale,' said Tom Montag, CEO of Rubicon Carbon. 'This collaboration serves as a blueprint for how the financial sector can meet the urgency of the moment while also generating strong financial returns. We aim to crowd in more capital by leveraging market-based mechanisms to scale societal impact at a planetary scale.' 'This agreement demonstrates how science, finance, and business model innovation can work in concert to scale affordable and high-quality climate solutions,' said Brian Marrs, Senior Director, Energy & Carbon Removal at Microsoft. 'We believe that project finance needs to be central to the voluntary carbon market, and this deal signals the long-term demand for carbon removal necessary to mobilize infrastructure-grade investment and world-class execution.' Through this collaboration, Rubicon Carbon has developed an evaluation framework with Microsoft that reflects Microsoft's science and quality criteria while building upon Rubicon Carbon's rigorous standards for carbon removal credit integrity. Rubicon Carbon will source, assess, and conduct advanced due diligence on ARR projects worldwide, prioritizing those with strong potential for scale but limited access to capital. Rubicon Carbon's in-house science team will provide continuous quality assurance and monitoring, leveraging the latest remote-sensing technologies. 'We launched Rubicon Carbon three years ago to catalyze high-quality carbon projects at scale. This agreement with Microsoft represents an important milestone on our journey to deliver innovative, market-based solutions,' said Jim Coulter, Founding Partner of TPG and a Managing Partner of TPG Rise Climate. For more information on Rubicon Carbon, visit the website, follow on LinkedIn, or contact Rubicon Carbon's Supply sourcing team. About Rubicon Carbon: Rubicon Carbon is a carbon credit management firm that empowers the world's largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit
Bloomberg
15-05-2025
- Business
- Bloomberg
Microsoft Signs Major Carbon-Removal Deal With Montag's Rubicon
Microsoft Corp. has agreed to finance the extraction of 18 million tons of carbon dioxide from the atmosphere, in what's set to be one of the largest-ever purchases of carbon removal credits. The cloud computing and AI behemoth has entered into an agreement with Rubicon Carbon, a company run by former Bank of America Corp. executive, Tom Montag, and backed by TPG Inc.'s Rise Climate fund. The deal entails delivery of carbon credits generated from projects that sequester CO2 by planting trees or restoring degraded land, according to a statement on Thursday.
