Sucking up CO2Freight-friendly carbon offsets.
Big Picture
Carbon removal has a chicken and egg problem. There is accelerating demand for CO₂ removal from corporate and government customers, yet prices are high and purchases still require complex RFPs or brokers to navigate an opaque market. Meanwhile, removal technologies are proliferating but bringing supply to market requires capital to start and scale. The market needs new financial tools to bring clarity.
How it Works
Pledge is a marketplace for carbon removal. Their first product is an API for transport and logistics companies that automatically offsets last-mile emissions with a basket of verified offsets and CO₂ removal. These transactions can be bundled across several suppliers, helping to smooth out supply and provide greater liquidity of offsets. The result is greater transparency and predictability for all.
Unfair Advantage
The founders of Pledge are bringing the product and data insights honed building some of Europe’s top financial technology startups to carbon markets. Their first product makes buying and selling carbon removal as simple as an API. As the number of buyers on the platform grows and demand becomes more predictable, they can grow demand and lower the cost of capital for carbon removal.
10
Gigatons per year
estimated carbon removal needed by 2050 for 2ºC
DAVID de PICCIOTTO CEO & CO-FOUNDER
David led international expansion at Revolut, the UK neobank, and previously founded iRewind which was acquired by Yoveo.
ANDRÉ MOHAMED CPO & CO-FOUNDER
André was Head of Wealth and Trading at Revolut. He has 20 years of experience working in fintech, SMEs, and tier 1 investment banks.
Pledge Gains Accreditation from Global Body for GHG Emissions Measurement
Pledge
Freight Forwarders Can Now Help Their Customers Take Action on Their Carbon Footprint
Supply Chain Quarterly