Commercial, Energy Efficiency, GHG Emissions  -  September 6, 2022

PwC Switzerland Signs Carbon Removal Contract  

PwC Switzerland announced its net zero by 2030 roadmap to achieve its validated science-based targets and selected Climeworks as one of the solutions contributing to removing its remaining emissions.

Climeworks and PwC Switzerland closed a 10-year carbon removal contract, which will help the auditing and consulting firm to remove part of its unavoidable emissions, according to a statement.

PwC Switzerland reduces its emissions through different initiatives, such as the switch to 100% renewable electricity or the preference for public transport. On top of these reduction efforts, PwC Switzerland commits to remove all residual emissions with science-based solutions – Climeworks’ direct air capture and storage is a technological removal solution.

PwC is committed to reducing its emissions and its emissions reduction targets have been validated by the Science Based Targets Initiative and include commitments to reduce its Scope 1 and 2 emissions and the firm’s business travel emissions by 50% by 2030. 

Powered solely by renewable energy, Climeworks’ direct air capture plants capture CO2 from the air. In Iceland, Climeworks’ storage partner Carbfix mixes the CO2 with water and pumps it deep underground where it reacts with the basaltic rock formations and mineralizes: the CO2 literally turns into stone and is permanently removed. 

Climeworks’ technology is scalable and does not compete with arable land, and every ton of CO2 that is removed can be verified as the removal is fully measurable. In September 2021, Climeworks launched its large-scale direct air capture and storage plant “Orca” in Iceland, followed by the groundbreaking of “Mammoth” in June 2022, Climeworks’ newest and largest direct air capture and storage plant.

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