What we learned from deploying $17 million across 68 climate projects: system change beats direct deployment, the net-zero narrative has stalled, and the biggest gap now is giving companies a reason to act.

Net zero targets blur the line between what firms can directly control and what requires wider systemic change. This article introduces a new lens for clarifying responsibility, action, and claims under corporate net zero.

Milkywire is issuing an open call to durable carbon removal suppliers. This call is aimed at three distinct stages of project development/pathway maturity. Applicants must identify which category they fall under.

Milkywire has completed Salesforce-backed pre-purchases of over 12,500 tonnes of durable carbon removal from 19 suppliers, spanning six carbon removal methods and 15 countries.

What if the fashion industry’s climate action is only addressing part of the problem?

Spending time in the field offers a perspective that no report or virtual meeting can replicate. As part of following the progress of the Nature Transformation Fund, I visited two of the projects we support in Indonesia and India. These visits are a crucial way to understand how our partners translate finance into tangible environmental outcomes and how local communities, ecosystems, and science come together in practice.

The Milkywire Climate Transformation Fund uses corporate climate funding to make as much progress as possible towards reaching global net zero. This means identifying projects with high potential for impact, often tackling problems that few others are working on. This year, we found three inspiring solutions to three really big problems.

The Science Based Targets initiative (SBTi) just released its second consultation draft of the Corporate Net-Zero Standard 2.0. Much has changed since the first draft, especially regarding carbon removal and Beyond Value Chain Mitigation (BVCM). These two concepts are now merged into a new framework called “responsibility for ongoing emissions”. This new draft marks a real step forward for corporate climate responsibility, but simultaneously, a step backward for durable carbon removal compared to the last draft.