Exciting news: we’ve raised a $100M Series C, led by Greenoaks and including @kleinerperkins, @sequoia, and other existing investors.
Read more about what we have in store for our next chapter >> watershed.com/blog/series-c
The SEC has officially proposed that public companies begin reporting their carbon emissions and climate risks alongside their financial results—with the same rigor.
A few quick thoughts about what this means, and why it’s good news for companies.
As of today, Watershed is managing 32.9 million metric tonnes of CO2. That's more than all of Denmark's CO2 emissions, a country of nearly 6 million people! Next stop—all of Europe 🚀
We’re partnering with Frontier to bring climate-critical permanent carbon removal to companies of all sizes and sectors.
@boomsupersonic, @Canva, @SKIMS, and @Zendesk are raising the bar for climate leadership as the first Watershed customers to participate.
watershed.com/blog/watershed…
For all the recent progress on corporate climate, one problem looms large: the bottom of this iceberg.
Today we’re introducing Watershed Finance: a new climate toolbox to help the financial industry address this hidden mass of global emissions.
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We’re honored to welcome @AlGore as a personal investor in Watershed. Few people have had as much impact in the movement to solve climate change. Watch his take on where we stand:
watershed.com/blog/al-gore-o…
The world has reached a turning point in the battle against climate change. Much of the technology to decarbonize the economy exists, and businesses and governments are springing into action. But we have less than a decade left to bend the carbon curve. watershedclimate.com/blog/wa…
We often get asked what really moves the needle on climate. What can companies do to both cut their emissions fast and help suppliers come along with them?
A short thread to round up some top strategies and resources:
Landmark day for carbon removal. Bravo to @nanransohoff@stripe@stacykauk@Shopify and team for 10x-ing the demand for getting carbon out of the atmosphere.
Today, I’m excited to launch Frontier—an advance market commitment (AMC) that will buy $925M+ of permanent carbon removal by 2030. Build and we will buy: frontierclimate.com. 🛠️
After the press releases and the pledges, it’s the climate teams inside of companies that make ambitious carbon commitments a reality. We're lucky to work with them every day. watershedclimate.wistia.com/…
Europe is enlisting companies to lead the race to net zero carbon. It’s a tall order, reinforced by new mandates to report carbon, plans, and progress.
🇪🇺 Big news 🇬🇧
Today, we’re going all-in to help European businesses meet the moment.
How companies come back from COVID could have a big impact on carbon emissions. Today we’re releasing a free tool to help businesses get a sense for some of the interdependencies of WFH/hybrid work models and carbon post-pandemic. watershedclimate.com/wfh-cal…
Big news: we’ve acquired VitalMetrics, the leader in science-backed carbon data. Climate action starts with good data, and we’re excited to help companies everywhere cut emissions fast. watershed.com/product/carbon…
Whatever their official titles, #ClimateLeads make corporate climate progress happen—envisioning a lower-carbon future, and translating it into concrete steps to take today.
Today we’re profiling six of them: what they do, how they do it, and what they’ve learned.
ALT Grid of 6 illustrated faces next to logos for Airbnb, Everlane, Boom, Aledade, Pinterest, and Spotify with the title “Climate Leads”
What does it take to create a *truly* sustainable sneaker? With Watershed, consumer brands now have the insights to make it happen. Find out how. watershed.com/blog/consumer-…
Sustainability is intertwined with our mission to empower local economies. We’re working towards a more sustainable future by:
❤️ Reducing food waste through Project DASH
♻️ Offering eco-friendly packaging
🚲 Promoting vehicle alternatives
& more! drd.sh/2qW7FD/
As an apparel brand, 99%+ of @Everlane’s emissions come from their supply chain. But by working with their suppliers on low-emissions techniques, they’ve seen a 32% reduction in per-product emissions—and an absolute reduction of 9% across their entire footprint.
Congratulations to @heirloomcarbon and @CarbonCure—both partner suppliers in the Watershed Marketplace, where our customers support incredible scientific breakthroughs like this one! CDR is how we get to #netzero.
In a world first, we captured CO2 from the atmosphere using our DAC technology & permanently sequestered it in concrete with @CarbonCure to ensure it never returns to the atmosphere. reuters.com/business/sustain…
This holiday season, we're showing gratitude for our customers with the gift of carbon removal. Every tonne counts in the fight against climate change––here’s to cutting a lot more carbon together in 2023!
📣 Following their investment in our Series B funding round in 2022, @lowercarbon has become a Watershed customer!
💚 Today, Lowercarbon Capital is purchasing 1,000 tonnes of high-quality verified carbon dioxide removal from the Watershed Marketplace.
watershed.com/blog/watershed…
🎉 Announcing the Watershed Ecosystem 🎉
Our customers now have access to:
- 45+ Watershed Marketplace supplier partners with 70+ projects
- A new Science Advisory Board
- An expanding group of technology, data, and consulting partners
Learn more: watershed.com/blog/watershed…
VitalMetrics pioneered a new approach to measuring carbon across the economy: the CEDA database includes 60,000 emissions factors from 148 countries, covering 95% of global emissions.
We're making CEDA data available to academics, nonprofits, and journalists for free.
Watershed customers @Samsara, @Stripe, @TaskUs, and more are supporting the construction of a brand new solar plant in Texas through a fixed-price VPPA. When completed, the solar energy produced by the plant will avoid 13K tons of CO2 emissions every year. watershed.com/blog/announcin…
You really can't overstate how catalytic early purchases are for carbon removal. Thank you to @reinpk for speaking with our community today about biomass, making a market for carbon removal, and the blistering pace of @CharmIndustrial. 🚀
Together with @withEvergreen, we developed a fixed-price VPPA structure that will enable all companies to add new clean power projects to the grid. Read industry veteran @matt_kon's take on why this VPPA is a game-changer in corporate climate action: watershed.com/blog/fixed-pri…
NEWS: We are thrilled to be named one of @TIME's Best Inventions of 2022 – our second year on the list!
Learn how our recently-launched Watershed Supply Chain is helping businesses reduce supplier emissions at scale.
time.com/collection/best-inv…
If the remote-work world encourages more people to move out of the urban core and into the suburbs, it may look like emissions for a company are going down, because commutes are going down, but the actual total carbon in the world is going up. bloomberg.com/news/articles/…
Announcing the Watershed Policy Advisory Board: a group of leaders who’ve built the foundations of global climate policy at the SEC, TCFD, CDP, UN, and beyond, chaired by @MarkJCarney.
We’re excited to work together to help companies translate climate policy into real results.
Net zero companies accelerate decarbonization for everyone: by engaging with suppliers, deploying carbon removal, and advocating for smart climate policy. It's not an accounting exercise. It’s an imperative to think big on climate. watershedclimate.com/blog/a-…
COP26 —the make or break UN climate summit — starts in Glasgow this Sunday.
We put together a quick 101 on what to watch for in the next two weeks:
- Where do we stand going into COP?
- What’s on the COP26 agenda?
- How should we interpret outcomes?
Let’s dive in a little! 🧵
Businesses are critical actors in the race to zero carbon. So today, we’re launching Watershed, a software platform to help companies cut their carbon emissions fast. watershedclimate.com/
At Charm we inject plants-turned-carbon-soup deep underground to fight climate change. We’ve now delivered over 5,000 tons CO₂e removal since January. We believe this is the largest permanent carbon dioxide removal delivery of all time. charmindustrial.com/blog/lar… 1/10
Our co-founder @taylorfrancis explains to Bloomberg's @TomMackenzieTV why we’re investing in the UK market.
Taylor appeared on @BloombergTV to discuss the state of the climate economy and how Watershed is helping companies reduce their emissions.
To kick off Earth Week, Christiana Figueres, Chief Negotiator of the Paris Agreement, will chat with our co-founder Taylor Francis on climate policy, remaining optimistic, and how companies can be effective drivers of climate action.
👇Save your seat
watershed.com/events/climate…
We’re seeing firsthand that companies can rapidly decarbonize while improving their bottom lines. Deep carbon reductions, fast, operationalized across the company—a standard part of doing business. And we’re hiring! Come join. watershedclimate.com/jobs
Every day our customers are making their climate commitments real with powerful actions that are good for the planet—and their bottom line. Learn how three of our customers—@DoorDash, @Everlane, and @Okta—have led the charge.
NEWS: Watershed is thrilled to welcome BetterClimate co-founders Spencer Hall & Aresh Mahtabfar to the team!
Spencer & Aresh spent the last year building an employee-centered climate platform & are the first climate founders to join the Watershed team. watershed.com/blog/watershed…
We recently hosted @MarkJCarney—one of the chief architects of the climate transparency movement—for his thoughts on the SEC’s sweeping new proposal and what it really means for companies.
The big picture…
Smart and thoughtful technology + innovation are a 🔑 part of addressing the #ClimateCrisis
That’s why we’re supporting scientists + entrepreneurs to develop + scale climate solutions 🧵⬇️ czi.co/3rH3M5s
Permanent carbon removal is critical to solving climate change. Congratulations to @Shopify on setting a new bar for accelerating direct air capture's race down the cost curve.
As of today, @Shopify has purchased more Direct Air Capture carbon removal than any other company in history🌍. We just announced our 10,000 tonne purchase from @CarbonEngineer, adding to our previous 5,000 tonne purchase from @Climeworks
The food system alone drives 25% of global greenhouse gas emissions. @sweetgreen has been sustainable from the start, and today they’re announcing a plan to cut carbon by 50% and get to carbon neutral by 2027. medium.com/@sweetgreen/our-c…
A third of the way through this critical decade, we are at an inflection point in the fight against climate change. Our Head of Climate Science @Davis_StevenJ, a co-author of the U.N. #IPCC report, weighs in on the path forward:
Zendesk now delivers our customers a carbon neutral product. 🌱 We are also committing to setting a science-based target across our entire value chain to further reduce emissions.
🌎 Learn more: zdsk.co/CarbonNeutrality
Climate leads help companies turn pledges into reality—by educating peers, shifting cultures, and hunting down carbon in operations and supply chains.
We profiled six for Earth Day: on everything from starting a climate program to what gives them hope.
watershed.com/climate-leads
We're partnering with @GoogleCloud to deliver best-in-class climate measurement, disclosure, and action to our joint customers as part of the Google Cloud Ready Sustainability program. watershed.com/blog/google-cl…
Gov. Newsom has announced he will sign SB 253 and SB 261— two bills requiring large companies doing business in California to disclose carbon emissions and climate risks.
A look at what’s in the bills and what it means for companies:
So we built Watershed Finance, tools that gives asset managers a comprehensive and actionable view of the carbon within their portfolio companies.
We’re excited to see financial institutions go beyond surface-level ESG ratings to drive real impact.
watershed.com/blog/watershed…
Today we published our 2020 Corporate Social Responsibility Report.
We’re committed to operating a responsible and sustainable business while fostering an inclusive environment for our employees, customers, and communities.
Read the full report: investors.squareup.com
Have questions about the SEC’s new proposal re: public companies sharing their true emissions data?
Next Tuesday we’re hosting @MarkJCarney—one of the key figures in climate finance—for a Q&A on the proposal.
Reply here with your questions to make sure they get covered!
New research co-authored by our head of science @Davis_StevenJ finds there are enough rare earth elements to meet projected demands for renewable energy, and mining the minerals will not undermine emissions reductions
We see a lot of concern today that renewables and other clean electricity will require too much materials, and producing those will break our remaining carbon budget.
We have a new paper out today we find that these concerns are overblown. sciencedirect.com/science/ar…
A thread: 1/11
The era of empty press releases and greenwashing is ending. Companies will be responsible to turn their full attention to grasping all the carbon in their operations and supply chains—and ripping it out.
(Watershed can help with this!)
Get the latest on CO2 removal and climate tech with Watershed’s Chief Climate Scientist @SteveDavisUCI, in conversation with @FreyaChay (Carbon Plan) and @hausfath (Stripe).
Register now: airmeet.com/e/f448d300-27c4-…
.@TaylorFrancis shared the message he’s taking to the @wef: now is the time for businesses to decarbonize.
-Green tech is cheaper than ever
-#Climateaction unlocks economic opportunity
-Get ahead of incoming regulations
Read more from Taylor: weforum.org/agenda/2023/01/d…#wef23
“We’re entering a new era on climate disclosure,” says Watershed co-founder @taylorfrancis . “This is going to be good news for companies that approach this work in the right way.” Hear from our in-house experts on the SEC climate disclosure rule watershed.com/blog/watch-wat…
📣 We’re partnering with @KPMG_US to advance the global climate agenda.
🤝 Our collaboration will empower shared customers to pursue real carbon reductions.
Learn more ⬇️ watershed.com/blog/watershed…
🧵 At ServiceNow, we’re committed to making an impact and changing the way the world works. We want to reach Net-Zero greenhouse gas emissions by 2030 – two decades early – and this is how we plan to do it: spr.ly/6015y7hGJ
What’s changed in the past year when it comes to corporate climate action?
The climate economy = opportunity.
Our co-founder @taylorfrancis shared his thoughts with @markets.
Join us for a webinar with former SEC commissioner @SECJackson about the new SEC climate disclosure rules, what they mean for your business, and how you can get ahead of what’s required.
watershed.com/solutions/sec/…
There's nothing more important than building a pathway to net zero carbon—fast. We partnered with @Greenbiz to be their net zero partner for this week’s #VERGEnetzero online event (July 27-28). Join us by registering for free here: bit.ly/3u0kXgo
"A question I’ve gotten a lot as a climate scientist: has our research had any effect on public policy or decision making?
It’s because I want to have a better answer to that question that I’m taking a break from professor-ing to work at Watershed."
watershed.com/blog/steve-dav…
Big picture, the SEC wants more companies to disclose their GHG emissions and climate risks.
They also want to standardize those disclosures.
But the SEC wants this *because investors want this.*
.@Carbonherald sat down with our Head of Climate Science, @Davis_StevenJ, to discuss our approach to corporate climate action and his perspective around the challenges, trends, and opportunities in climate. Check it out here: carbonherald.com/carbon-acco…
We helped @roadbook calculate the emissions from a round trip London to Bangkok flight: 3.7 tonnes of CO2, equivalent to 9 months of electricity use by the average home. To curb airline emissions we need to scale innovations like sustainable aviation fuel. roadbook.com/travel/aviation…
Overall, it will no longer be ok to make a vague pledge and not work seriously to achieve it—the SEC will be holding companies accountable for real action.
And this is good.
25% of greenhouse gas emissions from food production come from food that is ultimately wasted. Our partners at @imperfect_foods are already working to build a better food system by reducing waste, and now have committed to being a net-zero carbon operation by 2030 in the process.
Imperfect Foods is proud to announce that we will be a net-zero carbon operation by 2030 — 10 years earlier than major retailers and 20 years before the Paris Climate Agreement deadline. Learn more about our commitment: bit.ly/2Q60dWe#netzeroemissions#climateaction
For Climate Week, we chatted with climate expert @leahstokes on what the Inflation Reduction Act means for the private sector.
The verdict? It's an opportunity to drive systemic change—and reap business benefits along the way.
Watershed is one of @TIME's Best Inventions of 2022! Learn more about how Watershed Supply Chain helps businesses reduce supplier emissions at scale. time.com/collection/best-inv…
Mandatory climate disclosure is here to stay.
With Watershed Disclosures, producing high-quality climate disclosures gets easier, faster, and more reliable every year—so you can focus on running your business, rather than reporting on it.
Learn more: watershed.com/product/climat…
Thank you @TIME Magazine for including us in America’s Top GreenTech Companies. Watershed is the world’s first enterprise sustainability platform, built to enable companies to measure, disclose, and take decisive action on their emissions.
Read more ➡️time.com/collection/americas…
Scope 3 emissions – including those from companies’ supply chains – often account for 80% or more of a company’s total carbon footprint. Our new product streamlines and accelerates the process of engaging with your suppliers to reduce emissions.
We've teamed up with @workiva to streamline climate reporting and compliance. Companies can now integrate Watershed’s audit-grade climate data into @Workiva's ESG reporting platform – making meeting regulatory requirements much easier. businesswire.com/news/home/2…
📣 Introducing Watershed Disclosures! 📣
Your company can assess disclosure requirements and create reports from start to finish—all in Watershed.
watershed.com/blog/watershed…
We're excited to be featured in this @Marketplace story on the carbon accounting industry.
@sweetgreen is a great example of a company measuring its footprint and making operational decisions based on its work with us—and many others are following suit.
marketplace.org/2023/06/21/c…
We are a @CDP accredited global gold software solutions provider. We're excited to work with CDP to bring best-in-class climate disclosure and action to more companies around the world. watershed.com/blog/watershed…
Permanent carbon removal (CDR) is crucial to solving climate change, but high cost and low supply make it out of reach for most companies. Frontier aims to accelerate CDR and draw down costs. It was founded by @Stripe, Alphabet, @Shopify, @Meta, and @McKinsey Sustainability.
"Drawing on scientific literature and the data Watershed gives us access to on Aledade's carbon emissions, we try & find ways to reduce core operational carbon emissions & eventually share to the larger healthcare network." Delighted to work with @AledadeACO and @will_palmisano
In a special Earth Day episode of @TheACOShow, our hosts are joined by @Farzad_MD, Aledade's CEO and co-founder, and @will_palmisano, the head of our Climate Change Committee, to talk about our recent announcement of becoming a carbon-neutral company.
open.spotify.com/episode/2lM…
At our Climate Week Forum next week, @lisapjackson sits down with @taylorfrancis to share her insights from building Apple’s industry-leading climate program. Join us on Sept 22: airmeet.com/e/f448d300-27c4-…