Climate Transformation Fund
A curated portfolio of high impact projects for sustainability leaders
The Climate Transformation Fund enables companies to take credible, science-based climate action that drives progress toward global net zero.
Climate Transformation Fund
A curated portfolio of high impact projects for sustainability leaders
The Climate Transformation Fund enables companies to take credible, science-based climate action that drives progress toward global net zero.
Through a portfolio of projects, the Climate Transformation Fund directs funding toward initiatives that deliver measurable, long-term CO₂ reduction and removal. Aligned with the SBTi’s Beyond Value Chain Mitigation guidance, the fund sets a new standard for credible, strategic climate contributions.
Through a portfolio of projects, the Climate Transformation Fund directs funding toward initiatives that deliver measurable, long-term CO₂ reduction and removal. Aligned with the SBTi’s Beyond Value Chain Mitigation guidance, the fund sets a new standard for credible, strategic climate contributions.
01 /
Durable carbon removal
02 /
Decarbonization
03 /
Protecting and restoring nature
01 /
Durable carbon removal
02 /
Decarbonization
03 /
Protecting and restoring nature
Robert Höglund, Head of Climate Strategy and CDR at milkywire
“After nearly five years, the Climate Transformation Fund is no longer a pilot. It’s a working model for how companies can fund climate action that actually moves the needle. We’ll keep testing, adjusting, and sharing what we learn, so others can build on it and help speed up the global transition to net zero.”
Robert Höglund, Head of Climate Strategy and CDR at milkywire
“After nearly five years, the Climate Transformation Fund is no longer a pilot. It’s a working model for how companies can fund climate action that actually moves the needle. We’ll keep testing, adjusting, and sharing what we learn, so others can build on it and help speed up the global transition to net zero.”
Our approach
What should a best-in-class company do for our climate?
Leading frameworks like SBTi, WWF/BCG, and Gold Standard/Milkywire endorse a four-step approach to credible climate action. Responsible companies go beyond emission reductions and implement an internal carbon fee to support climate projects beyond their own value chains.
By funding these external climate projects, companies can drive innovation and internalize environmental costs in order to reach global net-zero.
Our approach
What should a best-in-class company do for our climate?
Leading frameworks like SBTi, WWF/BCG, and Gold Standard/Milkywire endorse a four-step approach to credible climate action. Responsible companies go beyond emission reductions and implement an internal carbon fee to support climate projects beyond their own value chains.
By funding these external climate projects, companies can drive innovation and internalize environmental costs in order to reach global net-zero.
Framework
The Climate Transformation Fund encompasses a wide array of projects, each addressing different themes and approaches.
Framework
The Climate Transformation Fund encompasses a wide array of projects, each addressing different themes and approaches.
01 /
Durable carbon removal (CDR)
CDR is one of the most crucial solutions to reach and maintain net-zero emissions and limit global warming. To counterbalance fossil emissions from the long carbon cycle, the carbon removed needs to be stored durably. While solutions for durably removing carbon are still nascent, pre-purchasing carbon removal from startups can help kickstart the sector, making it an affordable and climate-relevant solution in the future. When credits or certificates are bought, they will be retired, meaning they cannot be resold and will not be counted as financial instruments.
01 /
Durable carbon removal (CDR)
CDR is one of the most crucial solutions to reach and maintain net-zero emissions and limit global warming. To counterbalance fossil emissions from the long carbon cycle, the carbon removed needs to be stored durably. While solutions for durably removing carbon are still nascent, pre-purchasing carbon removal from startups can help kickstart the sector, making it an affordable and climate-relevant solution in the future. When credits or certificates are bought, they will be retired, meaning they cannot be resold and will not be counted as financial instruments.
02 /
Decarbonization
02 /
Decarbonization
03 /
Protecting and restoring nature
03 /
Protecting and restoring nature
$17M+
Contributions since the fund was created in 2021
65
Number of projects supported since 2021
27
Number of countries, spanning 6 continents
$17M+
Contributions since the fund was created in 2021
65
Number of projects supported since 2021
27
Number of countries, spanning 6 continents
Our experts
Meet our fund managers
We collaborate with a broad network of experts and maintain a robust portfolio management system to ensure high quality and scientific rigor. The portfolio is overseen by two main portfolio managers who work closely with an external advisory group.
Our experts
Meet our fund managers
We collaborate with a broad network of experts and maintain a robust portfolio management system to ensure high quality and scientific rigor. The portfolio is overseen by two main portfolio managers who work closely with an external advisory group.
Annika Richter
Carbon finance & sustainable energy expert
Natalya Yakusheva Jarlebring
Senior Environmental Lead
Robert Höglund
Head of Climate Strategy & CDR
Annika Richter
Carbon finance & sustainable energy expert
Natalya Yakusheva Jarlebring
Senior Environmental Lead
Robert Höglund
Head of Climate Strategy & CDR
Meet our advisors
Meet our advisors
Alexander Farsan
Head of Climate, Klarna
Andrew Jacobson
Professor of Geochemistry, Northwestern University
Cara Maesano
Manager & Geochemical Lead at RMI's CDR Initiative, PhD
Alexander Farsan
Head of Climate, Klarna
Andrew Jacobson
Professor of Geochemistry, Northwestern University
Cara Maesano
Manager & Geochemical Lead at RMI's CDR Initiative, PhD
Carlos Härtel
Senior Industry & Investment Advisor, previously CTO Climeworks
Carsten Warnecke
Expert, New Climate Institute
Cyril Brunner
Carbon removal researcher, ETH Zürich
Dan Stein
Chief Economist at IDinsight, Founder of Giving Green
Fabiano Ximenes
Senior Research Scientist at NSW Department of Primary Industries
Grant Faber
Techno-economic Analysis Expert, Carbon-Based Consulting LLC
Karen Holl
Professor, University of California
Kathleen Draper
Biochar expert, former chair of International Biochar Institute
Lucia Simonelli
Director of Programs, Carbon Removal Standards Initiative
Marian Krüger
Managing Director at the CDR accelerator Remove
Mawa Karambiri
Policy and Technical Engagement Specialist for the Sahel at CIFOR-ICRAF
Micaela Taborga Claure
Direct Air Capture expert, Chemical engineer, individual capacity
Join us on our mission
The Climate Transformation Fund turns corporate ambition into real, measurable impact. Join a growing group of sustainability leaders driving the transformation toward global net zero.
Portfolio projects
Find out more about the projects in the portfolio
Portfolio projects
Find out more about the projects in the portfolio
Join us on our mission
The Climate Transformation Fund turns corporate ambition into real, measurable impact. Join a growing group of sustainability leaders driving the transformation toward global net zero.
Join us on our mission
The Climate Transformation Fund turns corporate ambition into real, measurable impact. Join a growing group of sustainability leaders driving the transformation toward global net zero.
Resources
Practical tools to support you
We create and share resources to advance credible climate and nature action. Developed in collaboration with leading experts, our articles, reports, whitepapers, and webinars are designed to make complex topics accessible and actionable for both newcomers and professionals.
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Resources
Practical tools to support you
We create and share resources to advance credible climate and nature action. Developed in collaboration with leading experts, our articles, reports, whitepapers, and webinars are designed to make complex topics accessible and actionable for both newcomers and professionals.
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We are here to help you take the next steps on your sustainability journey.
© Milkywire AB, 2026. All rights reserved. Mailbox 3306, 112 73 Stockholm, Sweden. All donations are handled by WRLD Foundation Sweden (registered with org ID No "802526 - 9328") and WRLD Foundation US (registered 501(c)(3) charity).
We are here to help you take the next steps on your sustainability journey.
© Milkywire AB, 2026. All rights reserved. Mailbox 3306, 112 73 Stockholm, Sweden. All donations are handled by WRLD Foundation Sweden (registered with org ID No "802526 - 9328") and WRLD Foundation US (registered 501(c)(3) charity).